Singapore-Based Seviora To Consolidate Asset Managers Into One Platform

Editorial Staff

12 October 2026

Temasek-owned Seviora Holdings intends to fold three of its wholly-owned asset managers, Azalea Investment Management, SeaTown Holdings International and Seviora Capital, into a single platform.

The integration is due to take effect on 1 January 2027, subject to consents and approvals, Seviora said in a statement late last week.

Gabriel Lim will remain as Seviora’s CEO, with Yeo Hong Ping as chief operating officer. Chue En Yaw, chief executive officer of Azalea, will head a Global Fund Solutions business. Patrick Pang, chief executive officer of SeaTown, will head a private capital business.

Fullerton Fund Management and InnoVen Capital, both part of , will remain separate legal entities within the group. The combined business is expected to operate under the Seviora name. Meanwhile, a review of the group’s brand is underway.

Temasek set up Seviora in 2020 to bring its multi-asset and multi-strategy investment businesses under one umbrella. The group had about $76 billion in assets under management at 30 June. Its main presences are in Singapore, India, China, Indonesia and the UAE.

The three firms being combined cover overlapping ground in private markets. Azalea invests in private equity and develops products intended to open the asset class to a broader range of investors.

SeaTown, founded in 2009, is an Asia-focused alternatives manager running private equity and private credit strategies. Seviora Capital offers Asia private equity and global absolute return strategies, alongside thematic investments and bespoke mandates.

Temasek, which has stakes in financial groups including DBS, BlackRock, Ping An and Standard Chartered, had S$518 billion ($405.7 billion) of assets under management as of the end of March. At the start of October, Temasek said it was establishing offices in Riyadh and Abu Dhabi.