Aberdeen Standard Investments acquires HK investment firm Orion Partners

Global asset manager Aberdeen Standard Investments (ASI) on Monday announced that it has acquired Hong Kong-headquartered real estate manager Orion Partners for an undisclosed amount to boost its Asia Pacific presence.

Orion Partners, formed in 2000, is one of Asia’s first multi-strategy asset management firms. It manages approximately $900 million of direct real estate investments in Asia for international institutional investors.

The company’s focused teams manage private equity, real estate, credit and hedge funds supported by a core operations and administrations team. Its private equity funds focus on China, Japan, and Korea while its public equity funds invest throughout East Asia.

Orion Partners has offices in Hong Kong, Tokyo, Seoul, and Singapore.

“The transaction expands ASI’s global real estate capabilities and offerings with the addition of Orion Partners’ direct real estate team and established track record in Asia,” ASI said in a statement, adding that the deal signals its ambition to develop and distribute a wide range of Asia Pacific products to meet rising global demand.

Additionally, the acquisition adds to ASI’s $56.3-billion global real estate franchise, which makes it Europe’s second largest real estate investment manager.

ASI’s real estate multi-manager business has invested with Orion Partners in the Asia Pacific for more than a decade, according to Kang Puay Ju, head of Real Estate Asia Pacific and global head of Real Estate Multi-Manager at ASI.

“The addition of the on-the-ground direct real estate teams in Japan, Korea, Hong Kong, and Singapore will deepen our local insights and broaden our product suite across the region,” she said.

Asian real estate offers attractive risk-adjusted returns for investors seeking diversification, according to ASI’s Asia Pacific head Hugh Young. The acquisition, he added, will enable ASI to build out its regional real estate presence.

In January, ASI invested $13 million in insurance technology startup Singapore Life. The investment allows it to participate in the long-term growth of the next generation life insurance company as it expands its business across the Southeast Asian region, the company said in an official release.

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Aberdeen Standard Investments injects $13m in insurer Singapore Life

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.