Swiss asset manager Youngtimers AG has signed a non-binding term sheet to acquire Richmond Funds Management (RFM) from Senry Holdings, expanding its footprint in Asia-Pacific. The deal, subject to due diligence, would see RFM rebranded as C Capital Australia. RFM, with over USD200m in assets under management, operates in Australia and Singapore, investing in private equity, credit, real estate, and renewables. The acquisition follows Youngtimers’ merger with Hong Kong’s C Capital last November. CEO Ben Cheng said the move strengthens Youngtimers’ APAC presence, with Australia as a strategic entry point. The transaction is set to close by June 30, 2025. Youngtimers, which manages over USD800m, also plans to launch an Asia-focused private equity fund this summer.