Set up in 2015, Azalea is a wholly-owned subsidiary of Seviora, and indirectly owned by Temasek Holdings (Private) Limited. Azalea is in the business of investing in private equity ("PE"), with a focus on the development and innovation of new investment platforms and products. Its goal is to bring private assets to a wider investor base through a phased approach, starting with PE. It is also committed to educating the investing public.Starting with Astrea IV, the Astrea platform has placed these listed bonds into the hands of retail investors in Singapore, allowing them to use these PE bonds to diversify their portfolios.In 2019, the first Altrium PE fund of funds was launched, allowing local accredited investors access to high quality private equity managers. Altrium was designed for wider participation by lowering the investment amount and holding period.