Seviora Group, the Temasek-owned asset manager, is set to integrate affiliate Pavilion Capital into its platform, increasing combined assets under management to roughly $72bn, according to a report by Reuters.
The move brings Pavilion’s Asia-focused private equity fund-of-funds and co-investment capabilities under the Seviora umbrella. Pavilion will retain its brand and pan-Asia strategy but distribute products through Seviora.
Pavilion CEO Tow Heng Tan will oversee the transition before retiring at the end of March. The enlarged platform will report to Seviora chief executive Gabriel Lim, who said the integration supports the aim of building a leading Asia-based asset management group with broader offerings across private equity, private credit and public markets.
The transaction remains subject to regulatory approval and is expected to complete in Q1 2026.
