Hong Kong and Singapore-based Raffles Family Office (RFO) is doubling down on private equity (PE) deals in Southeast Asia as part of its portfolio diversification strategy in the midst of ongoing geopolitical tensions and regulatory risks in China coupled with heightening interest rates, inflation and recession fears.
The multi-family office (MFO) has earmarked 10-15% of its assets under management (AUM) for PE investments, Jo Huang, head of private equity at Raffles Family Office told DealStreetAsia in an interview.