More of South-east Asia’s super rich turn to family offices to manage wealth
- Kelvin Tan
- Aug 27, 2024
- 1 min read
Family offices in South-east Asia are becoming a major force in the investment landscape, driven by the region's strong economic growth and a rise in the ultra-wealthy. By June 2024, family offices accounted for a third of the region's investors, up from a fifth in 2020, according to Preqin.
Singapore and Hong Kong host nearly half of these offices, each offering distinct fund structures—Singapore’s Variable Capital Company and Hong Kong’s open-ended fund company—to attract wealth.
Private markets are increasingly favored by these investors, with Bain & Co predicting that private market assets under management could reach up to US$65 trillion by 2032.
Singapore's Temasek Holdings and Malaysia's Khazanah Nasional Berhad are among the sovereign wealth funds bolstering private capital markets.
Additionally, four in 10 family offices in the region plan to increase their alternative investments, further driving growth in this sector.
Article by Angela Tan for ST. Read more here or in the PDF below.
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