HLB Private Bank, in partnership with Gaia Investment Partners, has unveiled new private market investment vehicles aimed at enhancing client portfolios with higher returns and reduced volatility. Announced at the Private Markets Summit 2026 in Singapore, the launch includes the Global Private Equity Fund-of-Funds II and the Private Markets Evergreen Income Fund, targeting accredited investors.
The global private market sector has seen substantial growth, expanding from US$1t in the 1990s to approximately US$10t today. This growth is projected to reach US$25t by 2030, with private assets already accounting for 10% of global GDP. As public market correlations tighten, HLB Private Bank’s new offerings aim to optimise portfolios by shifting asset allocations.
The Global Private Equity Fund-of-Funds II focuses on long-term capital growth, targeting a mid-teens Net Internal Rate of Return (IRR) through diversification across Mid-Market Buyouts, Co-Investments, Secondaries, and Growth Equity. Meanwhile, the Private Markets Evergreen Income Fund aims for an 8–10% annual return with a 6–8% cash yield, diversifying across US and EU senior direct lending, infrastructure credit, real estate credit, and intellectual property royalties.
Jeffrey Yap, HLB’s Managing Director and Regional Head of Wealth Management, emphasised the significance of these offerings: “Private markets have matured far beyond standalone, tactical allocations, now forming an essential core portfolio building block. By partnering with Gaia, we are moving away from rigid, single-strategy constraints to offer true institutional-grade, multi-sleeve vehicles.”
These developments mark a significant step in providing institutional-grade investment opportunities to a broader range of investors.
