Capital for the second generation.
Across Asia, thousands of profitable family businesses are reaching the point where the founder steps back and no one is ready to step forward. We buy control at that moment, keep the business intact, and run it for the next twenty years.
Selected holdings
All twelve →A founder who spent forty years building something does not want to sell it to a spreadsheet. Our first meeting is rarely about price. It is about what happens to the name on the building.
We buy from people, not processes
Two thirds of our investments were sourced directly from a founder or their family, often after years of conversation. We rarely win auctions and rarely enter them.
The name stays on the building
We do not rebrand, relocate or strip out the identity of a business we buy. Continuity is the asset we are paying for.
Operators, then capital
Every platform gets a resident operating partner before it gets a leverage package. Debt is the last lever we pull, not the first.