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Altrium PE fund of funds a hit among high net worth clients

Temasek subsidiary Azalea attracted capital commitments of US$650m for its first FoF targeted at the accredited investor market.

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"Over the long term we aim to be a regular issuer in order to entrench our product. We're picky about our portfolio. It's about taking leadership to make sure the market is entrenched with high quality products, and in doing so people will look to the same high standards." - Azalea chief executive Margaret Lui.

Singapore

IN a quiet launch last year, Azalea Investment Management, a subsidiary of Temasek Holdings, hit yet another milestone in its continuing efforts to innovate in the structuring of private equity (PE) funds.

The firm attracted capital commitments of US$650 million for...