Seviora and Pavilion to form Asia-based asset management group

Core Insights - Temasek's subsidiaries Pavilion Capital and Seviora Group are merging to form an Asia-based asset management group [1] - The integration aims to enhance Seviora's assets under management (AUM) to approximately $72 billion [2] - The combined platform will focus on delivering innovative investment solutions to global institutional investors and private wealth channels [1][2] Company Strategy - The merger will leverage Pavilion Capital's experience in Asia-focused private equity fund of funds and co-investment strategies [1] - Seviora aims to scale its capital base and broaden investment solutions across various sectors including private equity, private credit, and public markets [3] - Pavilion Capital will maintain its brand while operating under the Seviora Group umbrella, ensuring a continued focus on pan-Asia investment strategies [4] Leadership and Management - Pavilion Capital CEO Tow Heng Tan will support the integration process until his retirement on March 31, 2026 [5][6] - The combined platform will report to Seviora CEO Gabriel Lim, ensuring alignment with Seviora's strategic objectives [5] - The integration is expected to be completed by Q1 2026, pending regulatory approvals [6] Investment Offerings - Seviora's offerings include private credit, private equity, liquid and semi-liquid strategies, as well as traditional active and liquidity management solutions [7] - The merger is anticipated to enhance Seviora's ability to attract third-party capital through Pavilion Capital's established presence in the Asian private equity space [5]