Private Equity Firms in Singapore
Our list holds 33 Singapore-based advisers that run private equity funds and report them to the SEC. The largest by private fund gross assets is Hillhouse Investment, with $59.0BN on its Form ADV of .
Only 1 of the 33 is a registered adviser, the rest exempt reporting advisers; together the 31 private equity firms report $108.3BN, and the three largest hold 80% of it.
Updated . Rechecked quarterly; next check .
$10MM$100MM$1BN$10BN$100BN
Singapore filers on a log scale of private fund gross assets, one square apiece, stacked where close.
Data: SEC Form ADV adviser files of , Schedule D.
The largest Singapore private equity firms on Form ADV by private fund assets
Among the 31 firms whose private funds are mostly private equity, Hillhouse Investment, EQT Partners Asia and HongShan (HSG) report $86.5BN between them, 80% of the group's $108.3BN; 11 report $1BN or more.
Also in the full list, unranked: East Blue Ventures and Harbour25 Management Services, whose private equity funds sit among mostly other kinds of fund.
Bars share one scale; a bar too short to see is drawn at a small fixed length. ADV opens the SEC record; a name opens its row below.
Source: SEC Form ADV, Schedule D, filings February to September 2026.
All 33 private equity firms based in Singapore
Filter
Kind
A to Z, the main office city under each name; Private funds gives the total and how many are PE funds.
| Firm | Fund gross assets | Private funds | Filings | More |
|---|---|---|---|---|
| ADV Partners Capital ManagementSingapore | $524MM | 2, all PE | ADV, filed 2026-03-30 | More on ADV Partners Capital ManagementFiles Form ADV as ADV Partners Capital Management Ltd. Its private funds report $524MM in gross assets on Form ADV (). All 2 of its private funds are private equity funds. An exempt reporting adviser: it files Form ADV and reports its private funds, but is exempt from SEC registration, so it reports no regulatory assets. |
| Advantage PartnersSingapore | $1.5BN | 9, all PE | ADV, filed 2026-02-03 | More on Advantage PartnersFiles Form ADV as Advantage Partners Pte. Ltd. Its private funds report $1.5BN in gross assets on Form ADV (). All 9 of its private funds are private equity funds. An exempt reporting adviser: it files Form ADV and reports its private funds, but is exempt from SEC registration, so it reports no regulatory assets. |
| Affirma Capital Managers (Singapore)Singapore | $101MM | 2, all PE | ADV, filed 2026-03-25 | More on Affirma Capital Managers (Singapore)Files Form ADV as Affirma Capital Managers (Singapore) Pte. Ltd. Its private funds report $101MM in gross assets on Form ADV (). All 2 of its private funds are private equity funds. An exempt reporting adviser: it files Form ADV and reports its private funds, but is exempt from SEC registration, so it reports no regulatory assets. |
| Asia Partners Fund ManagementSingapore | $927MM | 6, all PE | ADV, filed 2026-03-26 | More on Asia Partners Fund ManagementFiles Form ADV as Asia Partners Fund Management Pte. Ltd. Its private funds report $927MM in gross assets on Form ADV (). All 6 of its private funds are private equity funds. An exempt reporting adviser: it files Form ADV and reports its private funds, but is exempt from SEC registration, so it reports no regulatory assets. |
| BSQ Capital ManagementSingapore | $44MM | 1, PE | ADV, filed 2026-07-21 | More on BSQ Capital ManagementFiles Form ADV as BSQ Capital Management Pte. Ltd. Its private funds report $44MM in gross assets on Form ADV (). Its one private fund is a private equity fund. An exempt reporting adviser: it files Form ADV and reports its private funds, but is exempt from SEC registration, so it reports no regulatory assets. |
| C-Bridge Capital Investment ManagementSingapore | $708MM | 2, all PE | ADV, filed 2026-03-31 | More on C-Bridge Capital Investment ManagementFiles Form ADV as C-Bridge Capital Investment Management, Ltd. Its private funds report $708MM in gross assets on Form ADV (). All 2 of its private funds are private equity funds. An exempt reporting adviser: it files Form ADV and reports its private funds, but is exempt from SEC registration, so it reports no regulatory assets. |
| Capital Square Partners ManagementSingapore | $832MM | 7, all PE | ADV, filed 2026-09-24 | More on Capital Square Partners ManagementFiles Form ADV as Capital Square Partners Management Pte. Ltd. Its private funds report $832MM in gross assets on Form ADV (). All 7 of its private funds are private equity funds. An exempt reporting adviser: it files Form ADV and reports its private funds, but is exempt from SEC registration, so it reports no regulatory assets. |
| Capsquare Asia PartnersSingapore | $117MM | 2, all PE | ADV, filed 2026-09-17 | More on Capsquare Asia PartnersFiles Form ADV as Capsquare Asia Partners Pte. Ltd. Its private funds report $117MM in gross assets on Form ADV (). All 2 of its private funds are private equity funds. An exempt reporting adviser: it files Form ADV and reports its private funds, but is exempt from SEC registration, so it reports no regulatory assets. |
| CDH Investment AdvisorySingapore | $2.8BN | 6, all PE | ADV, filed 2026-03-26 | More on CDH Investment AdvisoryFiles Form ADV as CDH Investment Advisory Private Limited. Its private funds report $2.8BN in gross assets on Form ADV (). All 6 of its private funds are private equity funds. Regulatory assets on the same filing: $2.8BN (Item 5.F), not ranked. |
| Circulate Capital ManagementSingapore | $451MM | 4, all PE | ADV, filed 2026-03-31 | More on Circulate Capital ManagementFiles Form ADV as Circulate Capital Management Pte. Ltd. Its private funds report $451MM in gross assets on Form ADV (). All 4 of its private funds are private equity funds. An exempt reporting adviser: it files Form ADV and reports its private funds, but is exempt from SEC registration, so it reports no regulatory assets. |
| Dymon Asia Private Equity (Singapore)Singapore | $1.4BN | 3, all PE | ADV, filed 2026-03-31 | More on Dymon Asia Private Equity (Singapore)Files Form ADV as Dymon Asia Private Equity (Singapore) Pte. Ltd. Its private funds report $1.4BN in gross assets on Form ADV (). All 3 of its private funds are private equity funds. An exempt reporting adviser: it files Form ADV and reports its private funds, but is exempt from SEC registration, so it reports no regulatory assets. |
| East Blue VenturesMixed; Singapore | $274MM | 3 (1 PE) | ADV, filed 2026-09-14 | More on East Blue VenturesFiles Form ADV as East Blue Ventures Pte. Ltd. Its private funds report $274MM in gross assets on Form ADV (). Of its 3 private funds, one is a private equity fund; the others: 1 hedge and 1 of other kinds. An exempt reporting adviser: it files Form ADV and reports its private funds, but is exempt from SEC registration, so it reports no regulatory assets. |
| EQT Partners AsiaSingapore | $15.6BN | 7 (5 PE) | ADV, filed 2026-03-30 | More on EQT Partners AsiaFiles Form ADV as EQT Partners Asia Limited. Its private funds report $15.6BN in gross assets on Form ADV (). Of its 7 private funds, 5 are private equity funds; the others: 2 real estate. An exempt reporting adviser: it files Form ADV and reports its private funds, but is exempt from SEC registration, so it reports no regulatory assets. |
| Everstone Capital AsiaSingapore | $1.3BN | 4, all PE | ADV, filed 2026-05-26 | More on Everstone Capital AsiaFiles Form ADV as Everstone Capital Asia Pte. Ltd. Its private funds report $1.3BN in gross assets on Form ADV (). All 4 of its private funds are private equity funds. An exempt reporting adviser: it files Form ADV and reports its private funds, but is exempt from SEC registration, so it reports no regulatory assets. |
| Falcon House Capital ManagementSingapore | $344MM | 4, all PE | ADV, filed 2026-09-10 | More on Falcon House Capital ManagementFiles Form ADV as Falcon House Capital Management Pte. Ltd. Its private funds report $344MM in gross assets on Form ADV (). All 4 of its private funds are private equity funds. An exempt reporting adviser: it files Form ADV and reports its private funds, but is exempt from SEC registration, so it reports no regulatory assets. |
| Gateway Partners IISingapore | $519MM | 1, PE | ADV, filed 2026-02-25 | More on Gateway Partners IIFiles Form ADV as Gateway Partners II Limited. Its private funds report $519MM in gross assets on Form ADV (). Its one private fund is a private equity fund. An exempt reporting adviser: it files Form ADV and reports its private funds, but is exempt from SEC registration, so it reports no regulatory assets. |
| Gaw Capital Asset Management (SG)Singapore | $1.3BN | 5, all PE | ADV, filed 2026-03-30 | More on Gaw Capital Asset Management (SG)Files Form ADV as Gaw Capital Asset Management (SG) Pte. Ltd. Its private funds report $1.3BN in gross assets on Form ADV (). All 5 of its private funds are private equity funds. An exempt reporting adviser: it files Form ADV and reports its private funds, but is exempt from SEC registration, so it reports no regulatory assets. |
| Harbour25 Management ServicesMixed; Singapore | $169MM | 5 (1 PE) | ADV, filed 2026-03-31 | More on Harbour25 Management ServicesFiles Form ADV as Harbour25 Management Services, L.L.C. Its private funds report $169MM in gross assets on Form ADV (). Of its 5 private funds, one is a private equity fund; the others: 4 venture capital. Placed by the city of its main office on its SEC record, since its Form ADV withholds the address as a residence. An exempt reporting adviser: it files Form ADV and reports its private funds, but is exempt from SEC registration, so it reports no regulatory assets. |
| Hillhouse InvestmentSingapore | $59.0BN | 18, all PE | ADV, filed 2026-03-31 | More on Hillhouse InvestmentFiles Form ADV as Hillhouse Investment Management, Ltd. Its private funds report $59.0BN in gross assets on Form ADV (). All 18 of its private funds are private equity funds. An exempt reporting adviser: it files Form ADV and reports its private funds, but is exempt from SEC registration, so it reports no regulatory assets. |
| HongShan (HSG)Singapore | $11.9BN | 15, all PE | ADV, filed 2026-06-29 | More on HongShan (HSG)Files Form ADV as HSG Advisors (SG) Pte. Ltd. Its private funds report $11.9BN in gross assets on Form ADV (). All 15 of its private funds are private equity funds. An exempt reporting adviser: it files Form ADV and reports its private funds, but is exempt from SEC registration, so it reports no regulatory assets. |
| IMM Investment SingaporeSingapore | $125MM | 2, all PE | ADV, filed 2026-06-01 | More on IMM Investment SingaporeFiles Form ADV as IMM Investment Singapore Pte. Ltd. Its private funds report $125MM in gross assets on Form ADV (). All 2 of its private funds are private equity funds. An exempt reporting adviser: it files Form ADV and reports its private funds, but is exempt from SEC registration, so it reports no regulatory assets. |
| KV Asia CapitalSingapore | $253MM | 2, all PE | ADV, filed 2026-09-08 | More on KV Asia CapitalFiles Form ADV as KV Asia Capital Pte. Ltd. Its private funds report $253MM in gross assets on Form ADV (). All 2 of its private funds are private equity funds. An exempt reporting adviser: it files Form ADV and reports its private funds, but is exempt from SEC registration, so it reports no regulatory assets. |
| Lumens Capital PartnersSingapore | $55MM | 1, PE | ADV, filed 2026-05-18 | More on Lumens Capital PartnersFiles Form ADV as Lumens Capital Partners Ltd. Its private funds report $55MM in gross assets on Form ADV (). Its one private fund is a private equity fund. An exempt reporting adviser: it files Form ADV and reports its private funds, but is exempt from SEC registration, so it reports no regulatory assets. |
| Madison India Capital ManagementSingapore | $360MM | 3, all PE | ADV, filed 2026-04-14 | More on Madison India Capital ManagementFiles Form ADV as Madison India Capital Management Pte. Ltd. Its private funds report $360MM in gross assets on Form ADV (). All 3 of its private funds are private equity funds. An exempt reporting adviser: it files Form ADV and reports its private funds, but is exempt from SEC registration, so it reports no regulatory assets. |
| Mission Capital Management ServicesSingapore | $3.9BN | 8, all PE | ADV, filed 2026-03-24 | More on Mission Capital Management ServicesFiles Form ADV as Mission Capital Management Services, L.P. Its private funds report $3.9BN in gross assets on Form ADV (). All 8 of its private funds are private equity funds. A second adviser of the same business, Axiom Asia Private Capital Management Services, LP, files its own Form ADV: $1.2BN in private fund gross assets (), not added. An exempt reporting adviser: it files Form ADV and reports its private funds, but is exempt from SEC registration, so it reports no regulatory assets. |
| Northstar AdvisorsSingapore | $50MM | 2, all PE | ADV, filed 2026-03-30 | More on Northstar AdvisorsFiles Form ADV as Northstar Advisors Pte Ltd. Its private funds report $50MM in gross assets on Form ADV (). All 2 of its private funds are private equity funds. An exempt reporting adviser: it files Form ADV and reports its private funds, but is exempt from SEC registration, so it reports no regulatory assets. |
| Novo Tellus Capital PartnersSingapore | $928MM | 2, all PE | ADV, filed 2026-03-30 | More on Novo Tellus Capital PartnersFiles Form ADV as Novo Tellus Capital Partners Pte. Ltd. Its private funds report $928MM in gross assets on Form ADV (). All 2 of its private funds are private equity funds. An exempt reporting adviser: it files Form ADV and reports its private funds, but is exempt from SEC registration, so it reports no regulatory assets. |
| Polaris CG SingaporeSingapore | $1.5BN | 14, all PE | ADV, filed 2026-03-31 | More on Polaris CG SingaporeFiles Form ADV as Polaris CG Singapore Pte. Ltd. Its private funds report $1.5BN in gross assets on Form ADV (). All 14 of its private funds are private equity funds. An exempt reporting adviser: it files Form ADV and reports its private funds, but is exempt from SEC registration, so it reports no regulatory assets. |
| Progress Asia Capital & AdvisorsSingapore | None reported | 1, PE | ADV, filed 2026-03-17 | More on Progress Asia Capital & AdvisorsFiles Form ADV as Progress Asia Capital & Advisors Pte Ltd. Its one private fund is a private equity fund. An exempt reporting adviser: it files Form ADV and reports its private funds, but is exempt from SEC registration, so it reports no regulatory assets. |
| Quadria CapitalSingapore | $1.1BN | 5 (3 PE) | ADV, filed 2026-03-06 | More on Quadria CapitalFiles Form ADV as Quadria Capital Investment Management Pte Ltd. Its private funds report $1.1BN in gross assets on Form ADV (). Of its 5 private funds, 3 are private equity funds; the others: 2 of other kinds. An exempt reporting adviser: it files Form ADV and reports its private funds, but is exempt from SEC registration, so it reports no regulatory assets. |
| Saratoga Capital (Singapore)Singapore | $18MM | 3, all PE | ADV, filed 2026-03-31 | More on Saratoga Capital (Singapore)Files Form ADV as Saratoga Capital (Singapore) Pte. Ltd. Its private funds report $18MM in gross assets on Form ADV (). All 3 of its private funds are private equity funds. An exempt reporting adviser: it files Form ADV and reports its private funds, but is exempt from SEC registration, so it reports no regulatory assets. |
| Southern Capital GroupSingapore | $502MM | 4, all PE | ADV, filed 2026-03-30 | More on Southern Capital GroupOn its own site: “We specialise in leveraged buyouts of businesses that play to Asia's strength - a large and fast growing domestic consumer market and its competitive edge as a major manufacturing and services hub.” (read ). Files Form ADV as Southern Capital Group Private Limited. Its private funds report $502MM in gross assets on Form ADV (). All 4 of its private funds are private equity funds. An exempt reporting adviser: it files Form ADV and reports its private funds, but is exempt from SEC registration, so it reports no regulatory assets. |
| Tata CapitalSingapore | $139MM | 4, all PE | ADV, filed 2026-06-16 | More on Tata CapitalFiles Form ADV as Tata Capital Pte Ltd. Its private funds report $139MM in gross assets on Form ADV (). All 4 of its private funds are private equity funds. An exempt reporting adviser: it files Form ADV and reports its private funds, but is exempt from SEC registration, so it reports no regulatory assets. |
Mixed: fewer than half its private funds are private equity funds.
Source: SEC Form ADV, filings February to September 2026; each firm's own website, read .
Nearby lists: Family Offices in Singapore (87), Family Offices in Mumbai (13)
New this edition
This is the first edition of this list in this form; the next edition will list what changed.
Sources and scope
- Who is listed
- Main office on Form ADV in Singapore, by the country of the main office on the filing (a firm that does not file with the SEC cannot be on it), with at least one private equity fund reported on Schedule D of the filing. Left out: 18 whose own sites describe another business (real estate and real assets managers 8, credit, lending and royalty managers 2, hedge fund and public markets managers 1 and other businesses 7) and 3 exempt advisers with no website on file. 1 sister adviser folded into the row of its business; 1 placed by the office city on its SEC record, the main office being withheld as a residence; 9 on the filing alone, their sites missing, unreachable or too thin to judge.
- Kind
- Private equity where half or more of its private funds are private equity funds: 31. Mixed, listed but not ranked: 2.
- Order
- Ranked by private fund gross assets, largest first; then A to Z.
- Figures
- Private fund gross assets: Form ADV, Schedule D, Section 7.B.(1), summed over all of a firm's private funds, gross of borrowing, with the month filed. Regulatory assets (Item 5.F) sit in row details. 32 of the 33 are exempt reporting advisers, with no regulatory assets to report.
- Sources
- SEC Form ADV adviser data; each firm's own website.
Sources and dates
| Figure | Where it comes from | As of |
|---|---|---|
| Private fund gross assets, private funds by type, regulatory assets, main office and latest filing date of the 33 firms | SEC Form ADV monthly files for registered and exempt reporting advisers (Total Gross Assets of Private Funds, and the fund counts by type, from Schedule D, Section 7.B.(1)) | Filings of 2026-02-03 to 2026-09-24; files of 2026-10-01, read 2026-10-28 |
| Each firm's website | Form ADV Item 1.I, from the SEC adviser feed | Feed of 2026-10-21; read 2026-10-28 |
| Private equity description of each listed firm, quoted in its row where its site states it, and the 18 advisers left out | Each firm's own website (its home page and up to two about, strategy or contact pages) | 2026-10-28 |
| City of the main office of the 1 firms whose Form ADV withholds it | SEC Investment Adviser Public Disclosure record of each firm | 2026-10-28 |
| Counts on the nearby lists: Family Offices in Singapore (87), Family Offices in Mumbai (13) | Each list as published (Singapore checked April 2026; Mumbai checked October 2026), counted the way the directory hub counts it | 2026-10-28 |