Leading Family Offices in Singapore to Watch in 2025

The 10-Fold Growth Story Transforming Asian Capital Markets

Singapore's family office population exploded from 400 to over 2,000 between 2020 and 2024 - a staggering 400% increase that represents one of the fastest wealth migrations in modern history. These 2,000+ single family offices now manage an estimated $66.8 billion in assets, positioning Singapore as the undisputed family office capital of Asia with 59% of the region's total. For international fund managers, this concentration of sophisticated capital in one accessible, English-speaking jurisdiction represents an unprecedented opportunity to access Asian wealth at scale.

The transformation goes beyond numbers. What began as a trickle of wealthy families seeking stability has become a flood of global capital seeking Singapore's unique combination of political certainty, regulatory clarity, and strategic location. Chinese tech entrepreneurs, Indonesian conglomerates, Malaysian dynasties, and Indian industrialists have all made Singapore their wealth management base, creating a diverse ecosystem of family offices with varying investment appetites, sector expertise, and geographic focus.

Executive Summary

• Total Singapore Family Offices: 2,000+ (end-2024)
• Combined AUM: $66.8 billion
• Growth Rate: 43% in 2024 alone
• Typical Ticket Sizes: $5-50 million
• Average Decision Timeline: 6-12 months

Why Singapore Became Asia's Family Office Capital

The surge in Singapore family offices reflects a perfect storm of push and pull factors. Geopolitical uncertainties in traditional wealth centers pushed families to seek stability, while Singapore's proactive courtship of family offices through tailored tax incentives and regulatory frameworks pulled them in. The result is a sophisticated ecosystem that rivals Switzerland or London in depth while maintaining uniquely Asian characteristics.

Singapore's rise accelerated dramatically following regulatory changes in Hong Kong and mainland China. The city-state offered not just safety but sophistication - world-class financial infrastructure, robust legal frameworks based on English common law, and a deep pool of investment professionals. The government's commitment to the sector, evidenced by streamlined approval processes and dedicated family office incentives, signaled long-term support that wealthy families value when making generational decisions about wealth domiciling.

The introduction of the Variable Capital Company (VCC) structure and enhanced Section 13O and 13U tax schemes created a compelling value proposition. Unlike other jurisdictions that treat family offices as an afterthought, Singapore built a comprehensive framework specifically designed for their needs, balancing flexibility with substance requirements that ensure genuine economic contribution.

The Top 10 Singapore Family Offices

1. Oppenheimer Generations Asia - $10 Billion

Background: Rooted in one of the world's great mining fortunes from the De Beers diamond empire, this family office represents third-generation wealth seeking Asian growth opportunities.

Singapore Presence: Established 2021, relocated from Africa/UK operations seeking Asian market proximity and Singapore's stability.

Investment Focus: Long-term, endowment-style investing with strong emphasis on private equity and venture capital across Asia. Sustainability initiatives feature prominently in their portfolio approach.

Typical Ticket Sizes: $15-100 million for fund commitments, demonstrating institutional-scale deployment capabilities.

What They Look For: Established managers with demonstrated Asian expertise, strong ESG integration, and co-investment opportunities. Value long-term partnerships over quick returns.

Access Point: Active at major Singapore conferences and accessible through top-tier private banks. Former Temasek professionals on team appreciate institutional-quality managers.

2. Steppe Capital - $5 Billion

Background: Natural resources and energy wealth from Kazakhstan, representing one of Central Asia's largest private fortunes.

Singapore Presence: Operating since 2015, using Singapore as their Asian investment hub while maintaining global reach.

Investment Focus: Multi-asset approach with significant direct investment capabilities. Strong in infrastructure, energy, mining, and hospitality sectors across emerging markets.

Typical Ticket Sizes: $20-50 million for funds, with capacity for larger direct deals.

What They Look For: Managers with emerging market expertise, particularly in real assets and infrastructure. Value operational capabilities and regional networks.

Access Point: Office at 6 Battery Road maintains professional investment team open to institutional approaches.

3. Aglaia Family Office - $3 Billion

Background: Multi-family office combining industrial conglomerate wealth with financial services expertise, representing several prominent Singapore families.

Singapore Presence: Established 2006, making it one of Singapore's pioneer family offices with deep local roots.

Investment Focus: Diversified endowment approach emphasizing alternatives including private equity, credit, and real estate globally with Asian tilt.

Typical Ticket Sizes: $5-30 million across various strategies.

What They Look For: Institutional-quality managers with strong track records, robust ESG frameworks, and transparent reporting. Appreciate emerging managers with differentiated strategies.

Access Point: Professional team with GIC and Temasek alumni welcomes institutional approaches through established channels.

4. EE Capital - $2 Billion

Background: Technology sector wealth from one of social media's founding stories, representing new-economy wealth with global perspective.

Singapore Presence: Established 2017, choosing Singapore for its position as Southeast Asia's tech hub.

Investment Focus: Technology-focused investing across private equity, venture capital, and public markets with Asia-Pacific emphasis.

Typical Ticket Sizes: $5-20 million for fund investments.

What They Look For: Technology and consumer-focused strategies, particularly those addressing Asian digital transformation. Strong interest in fintech and e-commerce platforms.

Access Point: Active in Singapore's tech investment community and accessible through venture capital networks.

5. GAO Capital - $2 Billion+

Background: Founded by former JP Morgan and UBS executives, representing financial services expertise turned family office platform.

Singapore Presence: Operating since 2008, one of Singapore's established family office platforms with award-winning track record.

Investment Focus: Multi-strategy approach including hedge funds, quantitative strategies, and private equity. Operates several funds including the Always Seek Value strategy.

Typical Ticket Sizes: $3-30 million across strategies.

What They Look For: Sophisticated strategies with clear edge, quantitative rigor, and risk management excellence. Open to emerging managers with institutional pedigree.

Access Point: Professional platform with team of 15+ investment professionals from top-tier institutions.

6. Prime Asia Asset Management - $1.6 Billion

Background: Multi-family office founded by former banking professionals, serving 150+ ultra-high-net-worth clients across Asia.

Singapore Presence: Established 2016, built as purpose-designed multi-family platform for Asian wealth.

Investment Focus: Broad spectrum across private equity, venture capital, and growth equity with Southeast Asian emphasis.

Typical Ticket Sizes: $1-10 million, aggregating smaller tickets into institutional scale.

What They Look For: Regional expertise, particularly Southeast Asian exposure. Value managers who understand diverse Asian markets beyond China.

Access Point: Professional advisory model means structured approach through their 32-person team.

7. Tecity Group - $1.5 Billion

Background: Three-generation banking and real estate dynasty, one of Singapore's most established family offices with 50+ year heritage.

Singapore Presence: Founded in the 1970s, representing old Singapore wealth with modern investment approach. Received EY-Bank of Singapore Family Enterprise Award of Excellence 2024.

Investment Focus: Conservative, multi-generational approach balancing capital preservation with growth. Active across public and private markets.

Typical Ticket Sizes: $10-30 million for external managers.

What They Look For: Established managers with long track records, proven stability, and alignment with multi-generational thinking.

Access Point: Professional team managing investment, philanthropic, and operating company arms.

8. Paragon Capital Management - $1.2 Billion

Background: Asset management firm serving family office clients with focus on technology investments.

Singapore Presence: Established 2017 with MAS license, operating from Guoco Tower.

Investment Focus: Early-stage technology investments and discretionary portfolio management for accredited investors.

Typical Ticket Sizes: $2-15 million for technology-focused funds.

What They Look For: Technology sector expertise, particularly in Asian tech ecosystems. Interest in AI, fintech, and enterprise software.

Access Point: Professional investment team accessible through standard institutional channels.

9. Kuok Group Family Office

Background: Founded by Malaysia's "Sugar King," this multi-generational empire spans commodities, hotels, real estate, and logistics across Asia.

Singapore Presence: Kuok (Singapore) Limited established in 1953, making it one of Singapore's longest-standing family offices. Manages Shangri-La Hotels, Kerry Properties, and significant Wilmar International stake.

Investment Focus: Hospitality, real estate, agribusiness, and logistics across Asia-Pacific. Increasingly interested in technology disrupting traditional industries.

Typical Ticket Sizes: $20-75 million for funds with strategic alignment.

What They Look For: Managers with deep Asian operational expertise, particularly in markets where Shangri-La operates. Value-add strategies in real estate and hospitality, agtech innovations, and supply chain technologies.

Access Point: Professional investment team accessible through established Singapore business networks and real estate investment community.

10. Golden Vision Capital - $19 Billion (Family Wealth)

Background: Anchored by Indonesia's Widjaja family, founders of the Sinar Mas conglomerate spanning palm oil, real estate, financial services, and telecommunications. The family's wealth increased 75% in 2024 driven by renewable energy investments.

Singapore Presence: Established as MAS-licensed family office in 2021, operating from CapitaSpring tower. Successfully privatized Sinarmas Land from SGX in 2025 for $1.6 billion, demonstrating commitment to Singapore as investment hub.

Investment Focus: Global VC/PE funds with Asian angle, direct investments, and co-investments. Strong interest in technology disrupting traditional industries, renewable energy, and Southeast Asian growth companies.

Typical Ticket Sizes: $10-50 million for fund commitments, with capacity for larger direct investments.

What They Look For: Managers with Southeast Asian expertise, particularly Indonesia exposure. Technology applications in real estate, agribusiness, and financial services. ESG-focused strategies aligned with renewable energy transition.

Access Point: Professional team of 7 investment professionals with GIC pedigree. Accessible through institutional channels and Southeast Asian business networks in Singapore.

Singapore vs. Other Jurisdictions

Investment Preferences & Trends

Asset Allocation Patterns

Singapore family offices demonstrate sophisticated allocation strategies:

• Alternatives: 30-45% (significantly higher than global average of 15-20%)
• Public Equities: 25-35% with regional and global diversification
• Fixed Income: 10-20% for stability and yield
• Direct Investments: 15-25% through co-investments and direct deals
• Cash/Liquidity: 5-10% for opportunities and operations

Sector Preferences Driving Allocation

Technology/Fintech: Highest growth area, particularly AI and digital infrastructure. Singapore families understand technology's transformative potential from witnessing Southeast Asia's digital leap.

Healthcare/Life Sciences: Growing allocation toward Asian healthcare innovation, aging demographics, and biotech opportunities.

Sustainability/ESG: 70%+ of family offices incorporate ESG criteria, driven by next-generation family members. Climate tech and renewable energy see strongest interest.

Real Estate: Focus on Asian gateway cities, data centers, and logistics. Technology integration in property increasingly important.

Geographic Investment Philosophy

The "Asia First, Global Best" approach dominates:

• 60-70% maintain Asia-focused or Asia-inclusive strategies
• 30-40% allocate to global best-in-class managers
• China+1 strategies gaining traction as families diversify from China concentration
• Southeast Asia seen as the next frontier with 600 million population

Fund Size and Commitment Preferences

Minimum Fund Sizes:

• Established managers: $250 million+ funds preferred
• Emerging managers: $50-100 million acceptable with compelling strategy
• First-time funds: Generally $100 million+ unless exceptional team/strategy

Typical Commitments by Family Office Size:

• Large ($5B+ AUM): $50-200 million tickets
• Medium ($1-5B AUM): $10-50 million tickets
• Smaller ($500M-1B AUM): $2-15 million tickets

Cultural Considerations by Origin

Chinese Family Offices: Often entrepreneur-led with faster decision-making. Value personal relationships and long-term partnerships. Comfortable with growth strategies and technology focus.

Southeast Asian Family Offices: More institutional with family committee structures. Prefer diversified, conservative approaches with strong regional exposure.

Indian Family Offices: Blend corporate governance with family involvement. Focus on growth and infrastructure with high due diligence standards.

Western Relocations: Professional investment committees with global perspectives. Expect institutional processes and extensive documentation.

Typical Engagement Timeline

Months 1-2: Research and warm introductions through private banks or existing LPs Months 3-4: Initial meetings at conferences or Singapore offices Months 5-8: Due diligence process including ESG review Months 9-12: Documentation and closing

Navigate Singapore's Family Office Landscape with Curated Intelligence

Successfully accessing Singapore family offices requires more than knowing their names - it demands understanding their investment DNA, relationship networks, and evolving priorities. dakota international transforms this complex landscape into actionable intelligence.

Our platform provides comprehensive coverage of Asian family offices, enabling fund managers to identify which families align with their strategies, track recent commitments and sector preferences, and understand the relationship networks that drive warm introductions. We go beyond basic profiles to reveal the patterns that matter: which families co-invest together, how investment committees make decisions, and what triggers allocation changes.

dakota international's Singapore Family Office data includes detailed profiles of 100+ active family offices, with real-time updates on personnel changes, new mandates, and recent investments. Our intelligence helps you understand not just what these families invest in, but why and how they make decisions.

Ready to unlock Singapore's family office opportunity? Book a demo and discover how dakota international can accelerate your Asian fundraising success. Transform cold outreach into warm introductions and turn Singapore's 2,000+ family offices from an overwhelming landscape into a targeted opportunity set.