CVC Capital Partners completed a $358m investment in Affin Hwang Asset Management.

CVC Capital Partners, a British private equity and investment advisory firm, completed a $358m investment in Affin Hwang Asset Management, a Malaysian asset management firm. “The completion of the transaction today marks an exciting new chapter for Affin Hwang AM together with our valued clients. With a fortified shareholder strength, the synergy from our partnership with CVC as well as our longstanding partner Nikko Asset Management will allow us to expand our capabilities and broaden our suite of offerings. This include leveraging on CVC’s expertise in private markets and alternative asset classes to drive growth in our wealth management business as well as spearhead new digital solutions,” Dato' Teng Chee Wai, Affin Hwang AM Managing Director.