Private Credit

The Carlyle Group is seeing powerful acceleration in its global wealth business, with CEO Harvey Schwarz calling wealthy individual investors a key "growth engine" as the firm posts $17 billion in quarterly inflows driven largely by private credit and secondary market strategies.

As private banks continue to innovate and create pathways for their clients, the intersection of wealth management and private credit in Asia is set to become a defining feature of the region's financial landscape in the coming years.

The two firms have entered a strategic partnership to construct and deliver a suite of multi-asset portfolio solutions for individual and institutional investors.

In the dynamic landscape of Asian wealth management, success hinges on a seemingly contradictory strategy: the discipline of patient, long-term building coupled with the agility to capitalize on immediate openings.

Muzinich & Co. is stepping into the void left by retreating lenders—offering institutional and wealth clients alike access to resilient, cash-generative opportunities far from the crowded fields of conventional private credit.

The UHNWI segment is a strategic focus of Bank of Singapore. In 2024, assets under management in this segment recorded a double-digit year-on-year growth.

Lim’s insights cut through the noise of modern portfolio management, framing gold not as a safe haven but as an active return driver, ETFs as tools rather than solutions, and China’s discounted valuations as one piece of a global puzzle.

The move comes as the US$840 billion alternatives giant eyes US$150 billion in wealth channel assets by 2029, following recent Asian expansion and strong quarterly earnings.

The firm's latest earnings show its non-investment grade private credit strategies delivered an impressive 13% gross return over the past twelve months.

Though not a tech specialist, Lam brings deep financial acumen to his role a year ago, helping drive the firm’s ambitions in Asia’s fast-evolving private markets.

As valuations stretch and earnings growth expectations moderate, global strategists are advocating for diversification into Europe, Japan, and select emerging markets.

As markets grow more complex, a BlackRock survey suggests family offices that master alternative assets, strategic partnerships, and selective technology adoption will be best positioned to preserve and grow multigenerational wealth.