Endowus partners with Macquarie Asset Management to introduce private infrastructure solutions to investors in Hong Kong and Singapore
- The partnership expands Endowus' private market offerings, introducing private infrastructure as the newest asset class alongside its existing range of hedge funds, private credit, private equity, and private real estate strategies
- This marks Macquarie Asset Management’s first collaboration with a digital wealth management platform in Asia, offering Endowus clients access to global infrastructure investments
- Macquarie Asset Management is a leading and long-established infrastructure manager, recognised as a pioneer in infrastructure investing, shaping the industry for over 30 years
HONG KONG/SINGAPORE, 19 AUGUST 2025 – Endowus, Asia’s leading independent wealth advisor and investment platform, has partnered with Macquarie Asset Management (“MAM”), one of the world’s largest infrastructure asset managers, to introduce private infrastructure investment solutions to professional and accredited investors in Singapore and Hong Kong.
The partnership marks MAM’s first collaboration with a digital wealth management platform in Asia, offering Endowus clients access to a diversified portfolio of privately held infrastructure assets, traditionally reserved for institutions and other large investors.
MAM, a pioneer and global leader in infrastructure investing, manages over US$588.1 billion in assets across real assets, real estate, credit, equities, and multi-asset strategies. Its infrastructure platform has delivered resilient, long-term performance over nearly three decades, driven by investments in essential services spanning energy, digital, transport, and utilities. MAM manages a portfolio worth over $200 billion, comprising 150 infrastructure assets that support the daily needs of more than 300 million people worldwide.
Private infrastructure has emerged as one of the fastest-growing segments in private markets, with assets under management reaching $US 1.3 trillion in 2024—more than four times the size just a decade ago. This growth is fuelled by structural megatrends such as decarbonisation, digitisation, deglobalisation, and shifting demographics, all of which are reshaping global economic development and accelerating demand for long-term infrastructure investment.
Christopher Frost, Senior Managing Director, Macquarie Asset Management – Real Assets and Executive Investment Committee member of Macquarie Infrastructure Strategy, said: “We’re excited to partner with Endowus to bring our leading infrastructure investing expertise to professional and accredited investors in Hong Kong and Singapore. At Macquarie, infrastructure is in our DNA. Through this partnership, eligible investors in both markets gain access to our global platform, backed by a team of around 400 dedicated investment professionals across 30 markets, specialising in private infrastructure and green investments. Over the past 30 years, we’ve invested in more than 300 infrastructure businesses, building a strong track record of delivering results for our investors.”
As an asset class, private infrastructure has demonstrated a high degree of resilience, lower volatility and acted as an inflation hedge. Its performance has low correlation to traditional markets, offering diversification benefits for investors. These largely stem from the essential nature of infrastructure assets, which provide critical services regardless of market cycles.
MAM’s distinguished track record in infrastructure includes recent successes such as the successful exit of AirTrunk, the largest hyperscale data centre operator in Asia-Pacific. After investing approximately $US 2 billion in 2020, MAM exited in 2024 through a record-breaking $US 15.7 billion deal — the largest of its kind globally. MAM was also named Digital Infrastructure Investor of the Year in Asia Pacific by Infrastructure Investor in 2024.
The partnership further strengthens Endowus’ growing private markets offering, complementing its existing suite of hedge funds, private credit, private equity, and private real estate strategies, enabling qualified investors with comprehensive solutions to better diversify their portfolios. The high net worth segment has been Endowus’ fastest-growing segment in the past year, growing 31% in the last six months across Hong Kong and Singapore.
Samuel Rhee, Chairman and Group Chief Investment Officer of Endowus, said, "Private infrastructure offers benefits such as diversification, a hedge against inflation. As an asset class, it is highly complementary to Endowus' current suite of alternative offerings. By partnering with Macquarie Asset Management, a global leader in this space with a long track record of value creation, we’re helping our clients gain access to high-quality private infrastructure to build truly resilient, long-term portfolios.”
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About Endowus
Endowus is Asia’s leading independent wealth advisor and investment platform. With entities licensed by the Securities & Futures Commission of Hong Kong and Monetary Authority of Singapore, Endowus is the first digital advisor in the region to span personal savings, private wealth and public pension (CPF & SRS in Singapore), helping investors – individuals, family offices, endowments, and institutions – grow their wealth holistically, with conflict-free advice and access to institutional financial solutions at low and fair fees, through a personalised digital wealth experience.
Founded in 2017, Endowus has raised a total of over US$110 million in funding from investors including UBS, EDBI, Prosus Ventures, Lightspeed Venture Partners, Citi Ventures, MUFG Innovation Partners, Singtel Innov8, Samsung Ventures, SBVA, OSK Ventures, Z Venture Capital, and ACF - a joint venture between JLIN LLC and The Wells Investments. Endowus also has some of the largest billionaire family offices in Asia, as well as the founders and employees of Endowus.
Endowus continues to push the boundaries on innovation and democratising access, as it partners with 100+ global fund managers across public markets, private markets, hedge funds and alternatives to provide world-class solutions to its clients at a fair and transparent cost, delivered through Endowus’ fee-only business model. Endowus Private Wealth clients have access to a comprehensive range of expertly curated strategies in private markets and alternatives from firms such as Ares, Apollo, Blackstone, Bridgewater, Carlyle, EQT, HarbourVest, Hudson Bay, KKR, LMR, Millennium, Partners Group, Oaktree, Point72, Schonfeld, and more.
Endowus’ leadership and growth have achieved global plaudits, including being one of three Singaporean WealthTech companies recognised on CNBC’s World’s Top FinTech Companies 2025. The firm was also ranked 45th on The Financial Times’ High-Growth Companies Asia Pacific 2025 list and 9th on Singapore’s Fastest-Growing Companies 2025 list. It was also the leading WealthTech provider on the Fortune Fintech Innovators Asia 2024 list, among 60 transformative firms in the region. Endowus was also named as part of the World Economic Forum’s (WEF) Technology Pioneers 2023 and continues to serve as a Global Innovator within the community. The leadership sits on both the Longevity and Retail Investor steering committees.
The Endowus platform also secured several industry awards, including Asia’s Best Digital Wealth Management and Hong Kong’s Best FinTech Innovation in Asset Management (Asia Asset Management’s Best of the Best Awards 2025). Other regional accolades include Singapore’s Best Digital Wealth Management Experience (The Asset Triple A Digital Awards 2025), Best Digital Upgrade for enhancements made on the Endowus app (The Asset Triple A Digital Awards 2024), and Best WealthTech Solution 2023 (Asian Private Banker 9th Technology Awards).
The Endowus Group comprises Endowus' licensed companies in Hong Kong and Singapore, as well as Hong Kong-based multi-family office Carret Private. Endowus Group serves over a hundred thousand clients with content, advice and access. With group assets of over US$8 billion, it is one of the largest independent wealth managers in Asia. From a combination of providing 100% trailer fee rebates as direct cashback to clients, and fund fee savings from access to institutional share classes and exclusive funds, Endowus is estimated to help its clients save more than US$50 million in fees per year.
For more information, visit www.endowus.com/en-hk. Endowus HK Ltd is for Hong Kong residents only. For Singapore residents, please contact Endowus Singapore Pte Ltd or visit www.endowus.com.
About Macquarie Asset Management
Macquarie Asset Management is a global asset manager, integrated across public and private markets. Trusted by institutions, governments, foundations and individuals to manage approximately $US588.1 billion in assets, we provide a diverse range of investment solutions, including real assets, real estate, credit and equities & multi-asset.
Macquarie Asset Management is part of Macquarie Group, a diversified financial group providing clients with asset management, finance, banking, advisory, and risk and capital solutions across debt, equity and commodities. Founded in 1969, Macquarie Group employs over 19,000 people in 31 markets and is listed on the Australian Securities Exchange.
All figures as at 31 March 2025.
For media queries, please contact:
Yvette Lim, FGS Global
E: yvette.lim@fgsglobal.com
Lincoln Mah, Head of Brand Communications, Endowus
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