Tenzin Partners

Nuvama Group is expanding its private banking team in Singapore to better serve high-net-worth Indian clients, following regulatory approval to offer wealth management services to accredited and institutional investors. The firm plans to grow its local team to 10 bankers by next year, targeting Indian investors seeking global diversification and offshore wealth solutions. With USD26 billion in global client assets and a 19% annual growth rate over the past four years, Nuvama is positioning itself to compete with other major players like ASK Private Wealth and 360 One WAM. The expansion builds on its institutional presence in Singapore and follows its recent launch in Dubai. Source: Hubbis #Nuvama #PrivateBanking #WealthManagement #SingaporeFinance #IndianInvestors #GlobalDiversification #OffshoreBanking #PrivateWealth #FinancialServices #HNWClients

Apollo Global Management, Inc. has teamed up with venture capital firm 8VC to launch a new initiative aimed at deploying billions in private capital into growth-stage technology companies. The partnership will target sectors such as aerospace, energy, advanced manufacturing, life sciences, logistics, and natural resources. The investments will be made through Apollo’s hybrid platform, which allows for asset-backed deals, offering flexibility in structuring capital solutions. This move reflects Apollo’s broader strategy to tap into the private credit boom and bring institutional capital to tech firms that traditionally rely on venture funding. Source: Bloomberg #ApolloGlobal #8VC #PrivateCapital #GrowthTech #PrivateCredit #VentureCapital #TechInvesting #Aerospace #LifeSciences #BloombergNews

Quadrant Private Equity’s auction of Aidacare, a leading healthcare equipment provider, is shaping up to be a competitive three-way private equity showdown. Aidacare, which generates approximately \$85 million in earnings, is expected to fetch a valuation of up to \$1 billion. Pacific Equity Partners, Warburg Pincus, and EQT Group are reportedly preparing binding offers, making this one of the most closely watched PE contests in recent months. The deal reflects strong investor interest in healthcare assets with stable cash flows and scalable platforms. Source: Australian Financial Review #PrivateEquity #Aidacare #QuadrantPE #HealthcareInvestment #MergersAndAcquisitions #EQTGroup #WarburgPincus #PacificEquityPartners #AFR #StreetTalk

General Atlantic has invested $600 million in PhonePe, increasing its stake to 9% ahead of the fintech firm’s planned IPO. The investment, largely secondary in nature, brings General Atlantic’s total commitment to $1.15 billion. The funding will help PhonePe manage tax obligations related to employee stock options. PhonePe, backed by Walmart, has filed a confidential draft red herring prospectus (DRHP) with SEBI and aims to raise approximately ₹12,000 crore through an offer for sale. Existing investors such as Walmart, Microsoft, and Tiger Global are expected to offload stakes during the listing. Source: Financial Express #PhonePeIPO #GeneralAtlantic #FintechIndia #PrivateEquity #Walmart #Microsoft #TigerGlobal #StartupFunding #ESOPs #IndiaMarkets

Coller Capital’s ninth secondaries flagship fund, Coller International Partners IX (CIP IX), has reached its $10 billion target and is now aiming to raise an additional $1–1.5 billion before its final close at the end of December. The fund, which launched in 2022, had initially planned to close in June but extended the timeline to accommodate late commitments. With a hard cap of $12.5 billion, CIP IX has already deployed nearly $8 billion across LP- and GP-led secondaries transactions, with a 1.4x total value to paid-in capital ratio as of June 30. The fund is expected to make 50–55 investments, with deal sizes ranging from $180 million to $220 million. GP-led deals will comprise 55% of the portfolio, with LP-led transactions making up the remaining 45%. CIP IX has already surpassed the size of its predecessor, which closed just above $9 billion in 2021. This milestone comes amid a record-breaking year for secondaries fundraising, which has reached $132.91 billion through Q3. Other notable fund closes include Hollyport Capital’s $4.3 billion Secondary Opportunities IX and Dawson Partners’ $7 billion Portfolio Finance 6. Source: Secondaries Investor #CollerCapital #Secondaries #PrivateEquity #Fundraising #CIPIX #GPled #LPLed #AlternativeInvestments #PrivateMarkets #SecondariesInvestor

Institutional investors are rethinking their private equity strategies amid tightening liquidity and shifting market dynamics. The focus is moving away from mega-funds toward smaller, more agile vehicles that offer hands-on ownership and operational alpha—especially in Europe’s lower mid-market. LPs are prioritizing conviction and governance over scale and glamour. Co-investments have become standard, not a differentiator, and continuation vehicles are now entrenched, though concerns about alignment persist. The secondaries market has exploded, growing from \$2 billion to an expected \$200 billion, offering liquidity but still lacking valuation consistency. Private wealth inflows remain strong, but institutional players warn of reputational and regulatory risks if expectations aren’t managed. The consensus is clear: the next outperformers will be first-time managers spun out from larger firms, focused on sectors like life sciences, healthcare, and tech. Source: Private Equity Insights #PrivateEquity #LPStrategy #LowerMidMarket #Secondaries #CoInvestments #FundGovernance #PrivateWealth #AlphaGeneration #Fundraising #PEInsights

Gaw Capital Partners is winding down its institutional businesses in the US and Europe, marking a strategic pivot back to its pan-Asia roots. The Hong Kong-based private equity real estate firm will reduce headcount in its US and UK offices and discontinue its US institutional fund series. This move reverses 15 years of Western expansion and reflects broader retrenchment trends in private real estate. The firm had raised nearly \$850 million across three US funds and deployed \$1.6 billion in Europe, primarily in UK offices and Portuguese hospitality. However, post-pandemic market shifts and rising interest rates impacted fund performance, prompting Gaw to refocus on Asia, where most of its \$34 billion AUM is concentrated. Future Western deals will be limited to private high-net-worth investors and families, outside traditional institutional fund structures. Gaw Capital is now prioritizing investments in Hong Kong, Japan, Korea, Vietnam, and the Middle East through its Gateway Capital Real Estate Fund VIII, targeting \$2 billion. Source: PERE #GawCapital #PrivateEquity #RealEstate #AsiaInvesting #FundStrategy #InstitutionalInvestors #HongKong #USRealEstate #EuropeRealEstate #GatewayFund

Brookfield has partnered with Māori Capital, the investment arm of Uni-China Group, to acquire a prime industrial site in Tsing Yi, Hong Kong, for a new cold storage venture. The 246,000 sq ft site, purchased from Swire Properties, will be transformed into a state-of-the-art facility tailored for food-grade logistics and pharmaceutical clients, featuring energy-efficient refrigeration and advanced logistics systems. Uni-China, Hong Kong’s largest fresh food retailer, has committed to full occupancy upon completion in 2026. The joint venture will serve as a launchpad for further investments in cold storage assets across Asia, combining Brookfield’s global logistics expertise with Uni-China’s deep local market knowledge. Source: citybiz #Brookfield #UniChina #ColdStorage #HongKongLogistics #RealEstateInvestment #MergersAndAcquisitions #AsiaSupplyChain #Infrastructure #PrivateEquity #Citybiz

Ardian has officially opened a new office in Hong Kong, marking its fifth location in Asia and reinforcing its commitment to the region. The expansion aims to deepen relationships with nearly 50 long-standing clients in Greater China and support Ardian’s investment activities in Secondaries & Primaries and Co-Investments. The firm has already invested over $10 billion in the region and plans to grow its footprint further. Led by Jason Yao, Head of Greater China, the Hong Kong team will operate from Two IFC in the city’s financial district. The move strengthens Ardian’s presence in China and positions it to better serve institutional and private wealth investors across Asia. Source: Cision Canada #Ardian #PrivateEquity #HongKong #AsiaExpansion #Secondaries #CoInvestments #AssetManagement #ChinaInvesting #PrivateWealth #FinancialServices

Jackson Zeng, once a teenage gamer trading in-game items, has become one of Australia’s richest young entrepreneurs after co-founding and selling crypto brokerage Caleb & Brown. At just 17, Zeng ran an online marketplace for video game “skins” and “loot boxes,” but difficulties converting digital assets into real money led him to explore Bitcoin. That curiosity sparked a journey into crypto that culminated in the creation of Caleb & Brown. Alongside co-founder Rupert Hackett, Zeng built the firm into a billion-dollar brokerage. Their recent $150 million sale of the company has landed them on the Australian Financial Review’s Young Rich List, with Zeng’s personal fortune now estimated at $88 million. Source: Australian Financial Review #CryptoSuccess #YoungRichList #JacksonZeng #CalebAndBrown #CryptoEntrepreneurs #AFRYoungRich #BlockchainBusiness #StartupSuccess #FintechAustralia