Singapore-based Tower Capital Asia has established its first overseas office in Hong Kong, marking a significant expansion of its regional presence. The firm incorporated Tower Capital Asia (HK) Limited on December 3, 2025, according to Hong Kong Securities and Futures Commission filings. This move signals the buyout manager's growing ambitions across Asia.

Tower Capital joins a wave of private equity firms expanding into Hong Kong, following Ardian and Adams Street Partners who opened offices in late 2024. The Hong Kong entity, led by senior vice-president Seth Lim and investor relations vice-president Elizabeth Lee, will focus on investment activities and investor relations. The firm's spokesperson emphasized optimism about opportunities in Hong Kong and the broader region.

Founded in 2016 by former Actis and 3i director Danny Koh, Tower Capital manages approximately $900 million in assets and targets mid-market companies in Southeast Asia. The firm's flagship fund closed at $379 million in 2022, exceeding its $300 million target. Tower Capital's successful exit from Eu Yan Sang, generating $695 million in 2024, demonstrates its ability to execute complex deals and deliver returns for investors.