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Sun Hung Kai & Co Commits Capital into Asian Alpha Fund Launched by ActusRayPartners
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Sun Hung Kai & Co Announces 2023 Interim Results
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TodayIR: Sun Hung Kai & Co. Builds Momentum by Announcing USUSD15m in Investment in E15VC Fund Advisors For immediate release: 25 January 2021, Hong Kong Sun Hung Kai & Co. Builds Momentum by Announcing USUSD15m in Investment in E15VC Fund Advisors Sun Hung Kai & Co. Limited (SEHK: 86) ( SHK & Co. ) today announces a partnership and commitment of USUSD15 million with global technology venture capital firm E15VC. This follows the announcement last week of SHK & Co. s USUSD150m seeding partnership with East Point Asset Management. Both have been conducted through SHK & Co. s funds management platform. This partnership closes E15VC s second fund at USUSD32m. E15VC has demonstrated a strong track-record from its first fund of investing in entrepreneurs who focus on addressing significant problems, in tech, in healthcare, and in deep tech. The Hong Kong-based firm has successfully invested in many innovative companies including Vicarious Surgical, Home Bay, Frankie and Auris
Hong Kong Sun Hung Kai & Co (SHK) has provided US$150 million of seed funding to East Point Asset Management.
East Point was spun off from SHK last year. Simon Walsh, its founder and chief investment officer, was previously public equity CIO of SHK. The company has hired James Pichaud from Hong Kong hedge fund manager Gen2 Partners as chief operating officer.
Although East Point is still managing its former parent’s investments, it works independently now, SHK says in a statement on January 11.
SHK is expanding external partnerships, “including seeding and providing acceleration capital” as it grows its fund management platform, the company adds.