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]

Core Insights - Great-West Lifeco has launched Keyridge Asset Management as the consolidated brand for its European asset management activities, combining Canada Life Asset Management, Setanta Asset Managers, and Irish Life Investment Managers (ILIM) under one umbrella, overseeing more than £135 billion in assets [1][2]. Group 1: Strategic Integration - The integration aims to expand Great-West Lifeco's presence in the UK asset management sector, serving as a central hub for European investment activities and supporting third-party distribution [2]. - The unified operation is expected to leverage the strengths of ILIM, Setanta, and Canada Life Asset Management, creating a business with the necessary scale, expertise, and agility to thrive in the UK's dynamic market [2][3]. Group 2: Operational Structure - Keyridge Asset Management will operate alongside existing brands, with ILIM and Setanta continuing their operations in Ireland [3]. - The newly unified team consists of approximately 300 employees and is led by CEO Patrick Burke, who emphasized the focus on providing UK wealth advisers and customers with specialized investment management solutions [4][5]. Group 3: Investment Capabilities - The new structure builds on existing capabilities in multi-asset strategies, equity investment, quantitative approaches, and customized indexation, enhancing the firm's ability to deliver solutions aligned with clients' priorities [5]. - Great-West Lifeco plans to continue investing in its asset management operations and recruitment to support these strategic initiatives [4].