“...US asset managers are keen to acquire Australian wealth managers due to their exposure to the country’s fast-growing pension pool, which is worth around $2.6 trillion and posted double-digit returns in 2024 thanks to the strong rally in global equities. With contributions made by workers set to increase to 12% this year, Mercer is predicting that assets will triple by 2048.
CC Capital manages the significant fortune of Vietnamese American Chu, whose various holdings amount to $141 million according to recent estimates. It is often reported that his inspiration is the Apollo Global Management business model.
Chu left Blackstone in 2015 and was said to be jointly responsible for building a $16.6 billion portfolio for the firm where he has held various roles over 25 years.”
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