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Private equity firms made a raft of strategic hires in 2024 amid rising excitement about the lucrative Asia-Pacific wealth opportunity.
The firm made its first Australian wealth hire this month amid efforts to ‘steepen the curve’ of private markets adoption among regional investors, Ed Huang, head of APAC for Private Wealth Solutions, tells PEI.
A number of product launches over the past couple of years underscore domestic and international conviction in the Australian wealth opportunity.
High net-worth investors have been backing secondaries funds at 'astonishing' rates
The Dubai-based advisory, which caters to families seeking to outsource asset management operations, has clients capable of writing $20m cheques for private equity funds, co-founder Ekaterina Chernova tells PEI.
The firm expects to have five active evergreen funds within the next 6-12 months.
Appetite for secondaries remains buoyant despite a dip in fundraising at the start of the year, says Tim Toska, global sector head of private equity at Alter Domus.
ROYC, launched in 2022 by former senior executives of Blackstone and Nordea, is one of a growing number of digital platforms hoping to capture Europe’s private wealth opportunity.
The private equity giant is ‘very excited about Japan’ while seeking to boost its wealth presence in Europe.
The firm is targeting more than $300bn of new capital across strategies over the next two years, including its 14th North America flagship, debut US mid-market vehicle and latest global infra offering.