Scepter Partners, a syndicate of sovereign investors and ultra high net worth families, has created a merchant banking division with investment banker Anthony Steains and his former Blackstone Advisory Partners Asia team.

Scepter said it will announce a series of vehicles in the coming months focused on acquiring large-cap assets in natural resources, infrastructure and real estate. 

The team, led by Steains, has advised on numerous transactions and is a specialist in Asian industrials and natural resources.

Headquartered in Bermuda, and with offices in New York, London and Beijing, Scepter is led by chairman and chief executive, Rayo Withanage.