The move builds on the firm's growing footprint in Asia following its strategic partnership with Sumitomo Mitsui Trust Bank in Japan.
The Simpson Thacher veteran brings nearly a decade of GP stakes and asset management M&A experience to the firm's Investment Funds Practice Group.
Seng joins as Managing Director in the Hong Kong office, where he will originate and lead secondary transactions across the APAC region.
The investment is part of a broader strategic partnership to establish a cross-border Shariah-compliant asset management platform focused on the GCC and Southeast Asia.
Japan's largest trust bank also intends to explore a country-focused GP stakes strategy through its partnership with HPC.
The National Pension Service of Korea and Townsend Holdings have also increased their ownership in the Australian alternative asset manager.
The two managers have also entered a long-term strategic partnership under which Stable will manage and monitor the portfolio on behalf of the Australian firm.
The Toronto-based firm welcomed FIRSTavenue veteran Rachel Guan to lead its APAC distribution efforts.
The minority stake, acquired from Brookfield's private equity business, values the Australian alts manager at $2.1 billion.
The Asia-secondaries specialist also named Umang Agarwal as Managing Director and Co-Head of India for its newly opened Bangalore office.
