It’s a deep dive into the private equity landscape as we speak to an investment firm that’s indirectly owned by Temasek Holdings.

Set up in 2015, our guest Azalea Investment Management defines itself as being in the business of PE investments, with a focus on the development and innovation of new investment platforms and products.

The firm said its goal is to bring private assets to a wider investor base through a phased approach, while educating the investing public at the same time.

Azalea Investment Management achieves this through two investment programmes or platforms, (1) the Altrium programme as well as the (2) Astrea Platform.

Under the Altrium programme, accredited investors can co-invest with Azalea and access strong performing private equity fund managers globally, but with lower barriers to entry.

The Astrea Platform, on the other hand, is a series of investment products developed based on diversified portfolios of PE funds. The platform is said to target long-term minded investors including Singapore retail investors looking to co-invest in private equity with the asset managers.

But why are we speaking to Azalea Investment Management you might ask? Well the firm had closed a number of funds of late. In July 2024, the firm’s Astrea 8 PE bonds closed 2.8 times subscribed at over S$1 billion, with bonds distributed to diversified investors across institutions such as endowments, pensions and insurance companies as well as accredited investors.

More recently, it had in October closed two funds at over US$480 million as a whole, higher than the US$400 million target for both funds combined.

But how does the firm assess the outlook for private markets in 2025 and what is next for its product line up?

On Under the Radar, The Evening Runway’s finance presenter Chua Tian Tian posed these questions to Chue En Yaw, Chief Investment Officer, Azalea Investment Management.

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Under the Radar: How does Temasek’s Azalea Investment Management assess the outlook for private markets in 2025? 28:15 Share

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Under the Radar: How does Temasek’s Azalea Investment Management assess the outlook for private markets in 2025?