Singapore’s Seviora Holdings and private equity firm Pavilion Capital, both units of state investment company Temasek Holdings, are combining into an entity managing around US$72 billion of assets.
Pavilion will keep its brand and pan-Asia investment focus but market products under Seviora.
The move, expected to be completed by the first quarter of next year, will complement Seviora’s investment capabilities with Asia-focused private equity fund-of-funds and co-investment strategies, the company says in a statement on November 28.
“This integration reinforces our ambition to become Asia’s leading asset management group,” according to Gabriel Lim, executive director and chief executive officer of Seviora.
“As Temasek’s primary asset management platform, we will continue to scale our capital base and broaden our investment solutions across private equity, private credit, public markets, and tailored financing options to meet the evolving needs of our partners,” he says.
Lim will head the combined entity while Tow Heng Tan, CEO of Pavilion Capital, will retire at the end of March 2026.
