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Briefs: Pavilion Capital to join Seviora Group; DBS said to revise Alliance Bank proposal to 30% stake

The Edge Singapore
The Edge Singapore • 8 min read
Briefs: Pavilion Capital to join Seviora Group; DBS said to revise Alliance Bank proposal to 30% stake
The merged entity will raise Seviora’s combined assets under management (AUM) to US$72 billion ($94 billion) from US$63 billion as at Sept 30. Photo: Bloomberg
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Pavilion Capital to join Seviora Group, bringing Seviora’s AUM to $94 bil

Pavilion Capital, which is wholly owned and funded by Temasek, will join Seviora Group, also a wholly owned subsidiary of Temasek, in building an Asia-based asset management group.

The merged entity will raise Seviora’s combined assets under management (AUM) to US$72 billion ($94 billion) from US$63 billion as at Sept 30.

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