Temasek’s Pavilion Capital to Merge with Seviora Group

Temasek Holdings Pte. subsidiaries Pavilion Capital and Seviora Group will be joined together in a move that will grow the latter’s assets under management to $72 billion.

Pavilion Capital will become part of Seviora in the move while retaining its branding. The reorganization, which is subject to regulatory approvals, is set to take place in the first quarter of 2026. Pavilion is a private equity investor and its Chief Executive Officer Tow Heng Tan will retire from the firm on March 31.