Earlier this year, the firm bolstered its traditional asset management scale with the US$1.8 billion purchase of Macquarie’s U.S. and European public asset management businesses.
A key feature of EQT Nexus is its evergreen structure, designed to offer private wealth investors greater flexibility compared to traditional, closed-ended private equity funds.
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 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.