Temasek Trust has launched TT Foundation Advisors to offer philanthropy advisory and management services across Asia, while Tikehau Capital and Flow Capital are partnering to leverage their combined expertise in alternative investments.
Temasek Trust launches TT Foundation Advisors
Singapore state investor Temasek’s philanthropy arm, Temasek Trust, has announced the launch of its philanthropy advisory services arm TT Foundation Advisors.
The new entity seeks to provide a one-stop philanthropy advisory and management services to philanthropic foundations, family offices, business corporations, philanthropists, and charities across Asia, per the announcement.
The launch of TT Foundation Advisors comes as Asia’s philanthropic landscape continues to evolve and grow in significance.
According to data cited by Temasek Trust, Singapore is fast becoming a regional philanthropic hub, with more than 1,400 single-family offices and 50% of Southeast Asia’s top family businesses.
“The launch of TT Foundation Advisors is aligned with Temasek Trust’s aim of building a vibrant and impactful philanthropic ecosystem in Asia by supporting the increasing interest of individuals and family offices in legacy, impact, and giving,” said Desmond Kuek, CEO of Temasek Trust.
Tikehau Capital, Flow Capital forge strategic alliance
Tikehau Capital, a Temasek-backed French investment manager; and Flow Capital, a private credit specialist, are partnering to leverage their combined expertise in alternative investments, according to an announcement.
The partnership will focus on opportunities in Asia and globally, with Tikehau also expanding its presence by opening a new office in Hong Kong, its 17th global location and its fourth in Asia.
The firms will also explore co-investment opportunities through their respective platforms.
“We are confident that our combined strengths will establish a powerful force in the global financial ecosystem,” said Bruno de Pampelonne, Executive Chairman of Asia; and Jean-Baptiste Feat, co-head of Asia at Tikehau Capital.
DealStreetAsia earlier reported that Tikehau’s expansion to Hong Kong is part of a plan to grow its Asia & Middle East client base, which accounts for 8%, by nationality, of its 42.8-billion euro ($46.6 billion) asset management AUM.
