Sun Hung Kai Financial, a leading non-bank financial institution in Hong Kong, has expanded its regional investment focus with the launch of the SHK Asian Opportunities Fund, the first pri
Sun Hung Kai Financial, a leading non-bank financial institution in Hong Kong, has expanded its regional investment focus with the launch of the SHK Asian Opportunities Fund, the first private equity fund focusing on the Asia-Pacific region from the group’s alternative investment subsidiary, SHK Fund Management.
Targeting institutional investors, the fund’s key objective is to achieve capital growth through a diverse portfolio of interests, across various asset classes and industry sectors in greater China and the wider Asia-Pacific region.
Structured with a highly flexible investment mandate, the fund has already reached its initial target of USD100 million, and is currently closed to further investment. It has preferred access to the proprietary deal flow of Sun Hung Kai Financial for investments, which focus on listed and unlisted shares, equity-linked or debt securities and physical assets.
The general partner of the fund is SHK Private Equity Managers, an exempted company incorporated in the Cayman Islands, while Fortis Prime Fund Solutions has been appointed administrator of the fund.
‘Sun Hung Kai as a group has long had a successful track record of deal making in the greater China region,’ says SHK Fund Management chief executive Christophe Lee. ‘We continue to see ample opportunities and we believe this fund represents a fantastic vehicle for us to channel our best deal flows and to generate attractive returns for our investors.’
The fund’s investment committee includes David Chong, director of special projects Sun Hung Kai Financial as well as Lee. Chong has extensive experience in the investment banking and corporate advisory fields through previous director roles with HSBC’s Hong Kong investment banking team and UBS.
Lee has more than 16 years’ experience in the financial services industry. He was previously an executive director at Goldman Sachs in Hong Kong and is currently chairman of the Alternative Investment Management Association in the territory.
SHK Fund Management aims to offer a gateway for investors seeking to capture growth in Asia through a range of hedge funds, and it also partners with leading managers to provide Asian-based institutions with access to SHK-branded global hedge funds.
Established in 1969, the Sun Hung Kai group currently has more than HKD60bn in assets under management, custody and/or advice, and more than HKD11bn of attributable equity, and its core businesses include wealth management and brokerage, asset management, corporate finance, consumer finance and principal investments. The group employs more than 1,300 professionals at more than 50 branches and offices in Hong Kong, Macau, China and Singapore.
