Private Equity

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.

The expansion is strategically aimed at capitalizing on Ardian's significant existing operations in the region.

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.

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.

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.

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.

The latest move widens individual clients’ access to a customised portfolio of top-tier private asset funds that, till now, has been largely available to only institutional investors. 

The tower's newest tenants reveal where industry leaders see the most compelling opportunities in the region's rapidly evolving wealth landscape.

The new fund is the latest addition to the firm’s broader US$11 billion AUM evergreen platform.

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

Chew will spearhead efforts to deepen relationships with family offices and private wealth clients across Asia, leveraging her expertise in alternatives distribution.