Chubb Wealth and S64 launch evergreen private markets fund series in Hong Kong
What's the deal? Chubb WealthDealroom has a profile for this one. Try Dealroom → and alternative investments fintech S64Dealroom has a profile for this one. Try Dealroom → have partnered to launch the Evergreen Private Markets Fund Series, a fund of funds aimed at professional investors in Hong Kong. It debuts with two strategies, both investing predominantly in KKR's K-Series. The series is operated by Chubb Investment Management (HK) LimitedDealroom has a profile for this one. Try Dealroom →, an indirect wholly owned subsidiary of Chubb LimitedDealroom has a profile for this one. Try Dealroom →.
Why now? Demand for alternatives among wealthy private investors is climbing. According to the 2025 EY Global Wealth Research Report, 51% of wealthy clients globally already hold some exposure to alternatives, and 61% say it is important to discuss them with their advisor — a figure that rises above 75% for the wealthiest segment.
What's the endgame? Chubb Wealth is positioning the series as simplified, institutional-quality access to private markets, an asset class that typically comes with heavy process and resource requirements. The firm has co-created an educational program with S64 and KKR to deepen its advisors' grasp of the strategies.
What's next? The launch is billed as a first step. "This marks an important step in our strategic partnership, and further solutions are already in development to expand access to additional alternative strategies and asset classes," said Ben Rudd, general manager of Chubb Wealth.
The signal: Evergreen structures — open-ended vehicles that let investors enter and exit more flexibly than traditional closed-end funds — are becoming the default channel for private wealth to reach private markets. "Evergreen fund portfolio solutions are quickly becoming the operating standard for private wealth access to private markets," said Tarun Nagpal, founder and chief executive officer of S64. The tie-up shows insurers and wealth platforms racing to package institutional private-market strategies for high-net-worth clients in Asia.
Image credit: Ray Devlin
