Seviora integrates Pavilion Capital as AUM expands to $72 billion

In a strategic realignment, Seviora Group, the Temasek-backed asset manager, is poised to absorb Pavilion Capital, bolstering its combined assets under management to roughly $72 billion.

Under the integration, Pavilion's Asia-focused private equity fund-of-funds and co-investment capabilities will sit under Seviora's umbrella, with Pavilion continuing to operate as a brand while distributing products through Seviora.

Tow Heng Tan, Pavilion's chief executive, will oversee the transition before retiring at the end of March, ensuring continuity during the consolidation.

The enlarged platform will report to Gabriel Lim, Seviora's chief executive, and the combined group aims to become a leading Asia-based asset manager with broader exposure across private equity, private credit and public markets.

Regulatory clearance remains a prerequisite, with completion anticipated in Q1 2026, reflecting the sector's appetite for scale and geographic breadth.

Analysts view this as a signal of ongoing consolidation within Asia's asset-management landscape, where scale and cross-border product suites are increasingly valued by limited partners seeking integrated solutions.