Singapore-based Seviora Group announced plans to integrate Pavilion Capital into its platform as part of a broader strategy to expand its investment capabilities and strengthen its position as a major Asia-focused asset management group. Pavilion Capital will bring complementary expertise in Asia-focused private equity fund-of-funds and co-investment strategies, increasing Seviora’s total assets under management to about US$72 billion (S$94 billion) as of September 30, 2025.
The move is intended to enhance Seviora’s ability to meet rising global demand for investment exposure to Asia’s growth markets. The combined platform is expected to offer a broader range of differentiated strategies for institutional investors and private wealth clients. Pavilion Capital will continue to operate under its own brand, focusing on its pan-Asia investment strategy, while marketing its products under the Seviora umbrella.
Pavilion Capital CEO Tow Heng Tan will remain in his role to support the transition before retiring on March 31, 2026. After the integration, the unified platform will report to Seviora Holdings CEO Gabriel Lim, aligning the business with Seviora’s long-term objective to broaden its investment offerings and scale third-party capital.
The transaction is expected to close in the first quarter of 2026, pending customary regulatory approvals and closing conditions.
KEY QUOTES:
“It’s gratifying to see Pavilion Capital become an important addition to Seviora’s asset management franchise.”
Ho Tian Yee, Chairman of Pavilion Capital
“It has been a privilege to serve as the founding CEO of Pavilion Capital, and I want to thank the team for their contributions and achievements over the past decade. I am confident that Pavilion Capital will continue to thrive under Gabriel’s leadership. I would also like to take this opportunity to express my gratitude towards our stakeholders and partners who have supported us throughout our journey.”
Tow Heng Tan, CEO of Pavilion Capital
“We are thrilled to welcome Pavilion Capital to the Seviora family. This integration reinforces our ambition to become Asia’s leading asset management group. As Temasek’s primary asset management platform, we will continue to scale our capital base and broaden our investment solutions across private equity, private credit, public markets, and tailored financing options to meet the evolving needs of our partners. I would also like to extend our sincere appreciation to Tow Heng Tan and the Pavilion Capital Board for their steadfast leadership and guidance, which have shaped Pavilion Capital’s strong track record and positioned the platform for its next phase of growth.”
Gabriel Lim, Executive Director and CEO of Seviora Holdings
