HLB Private Bank has further diversified its offering with the introduction of direct access to private markets via its partnership with Gaia Investment Partners.
HLB Private Bank has enabled direct access to private markets for accredited investors with the launch of two new vehicles, in partnership with Gaia Investment Partners, according to an announcement made during a summit in Singapore.
The first is a Global Private Equity Fund-of-Funds II (Total Returns Focused), designed for long-term capital compounding and targeting a net internal rate of return (IRR) in the mid-teens. The portfolio provides diversification across top-tier global managers, strategically allocated across mid-market buyouts, co-investments, secondaries, and growth Equity.
The second is a Private Markets Evergreen Income Fund which acts as a multi-strategy income stabiliser, with the aim of total returns of 8-10% per annum with 6-8% cash yield. The fund is diversified across multiple specialised sleeves, including US and EU senior direct lending, infrastructure credit, real estate credit, and cash-flow-generating intellectual property royalties.
Based in Malaysia, Gaia is HLB Private Bank’s investment partner and it specialises in providing private market solutions to institutional investors, family offices, and individuals.
Fast-growing asset class
Private markets are rapidly growing, especially with the emerging demand for alternatives exposure from wealth management clients. In the last decade, the asset class has grown tenfold to USD10 trillion and is projected to reach USD25 trillion by 2030.
“Private markets have matured far beyond standalone, tactical allocations, now forming an essential core portfolio building block,” commented Jeffrey Yap, Hong Leong Bank’s managing director and regional head of wealth management.
“By partnering with Gaia, we are moving away from rigid, single-strategy constraints to offer true institutional-grade, multi-sleeve vehicles. Whether it is capturing returns through global mid-market buyouts or securing resilient, asset-backed yields via infrastructure credit and royalties, we are giving our clients an institutional-grade lens to unlock opportunities previously reserved only for the world’s largest pension funds and sovereign wealth entities.”
