List of 3 large Single Family Offices from Hong Kong
In the following, we give an overview of three interesting single family offices that are headquartered in Hong Kong. We give insights into their investment focus and illustrate their history.
1. Bright Success Capital
The Bright Success Capital single family office serves as the private investment vehicle of Hilton Tam. Before the inception in 2014, Hilton Tam first worked as an industrial engineer at Seagate Technology and later as a global supply planning manager at Cisco. He earned a bachelor degree in Industrial Engineering from Purdue University – West Lafayette. Because of his industrial background, Bright Success Capital can provide expertise in supply chain to its portfolio companies. The family office focuses mainly on venture capital investments in the fields of consumer electronics manufacturing and covers numerous sectors including hard drives, flash memory, medical devices, smart meters, smartphones, LED, drones, consumer robotics and much more. While targeting investments from early to late-stage, Bright Success Capital looks for firms with disruptive technologies that engage, for example, in robotics, fintech, healthcare, enterprise software and deep tech. An exemplary investment in the portfolio is 23andMe. The human genome research company enables users to study their ancestry, genealogy, and inherited traits. The name comes from the number of chromosome pairs in humans. The firm aims to help people understand what their genes mean by indexing them and highlighting significant findings.
2. Empire Group Holdings
Empire Group Holding was founded in 2010 by visionary property innovator and investor Dr Walter Kwok and takes care of his financial needs. Walter Kwok is the eldest son of Kwok Tak-seng, founder of Sun Hung Kai Properties, which was listed as the largest property developer in Hong Kong as of 2019. Sun Kai Properties, for example, developed both the tallest and the second tallest building in Hong Kong: The International Commerce Centre and the International Finance Centre. Walter Kwok was educated at Imperial College London in England, from which he earned a master’s degree in civil engineering. The whole Kwok family was ranked third in 2017 Asia’s Richest Families, with an estimated net worth of US$40.4 billion as of November 2017. An interesting side fact: Walter Kwok was kidnapped by the notorious gangster “Big Spender” Cheung Tze-keung on 30 September 1997 and was released seven days later after his wife paid around $77 million. Not surprising, the Empire Group Holdings strongly focuses on real estate when searching for new investments. In detail, the company is active in investment, asset management and, of course, project development in the residential, retail, commercial and hospitality sectors. Notable investments include The ALTO Residences, Tuen Mun Town Lot 547 and the Fullerton Ocean Park Hotel in Hong Kong.
3. Horizons Ventures Limited
Horizons Ventures operates as the private investment arm of Li Ka-shing, a Hong Kong business magnate, investor, and philanthropist. Li Ka-shing founded his first company Cheung Kong Holdings at the age of 19. The company produced plastic flowers and exported them mainly to the USA. After only 12 years, the company already had a turnover of 10 million Hong Kong dollars a year. By skillfully investing the profits in land and real estate, Li Ka-shing increased his assets. He owns shares of the largest container ports around the globe (including Hong Kong, China, Rotterdam, Panama and the Bahamas). In 1972, he floated Cheung Kong Holdings on the stock exchange and in 1979 he became the majority shareholder of Hutchison Whampoa Limited. His companies account for about one third of the market capitalization of the Hong Kong Stock Exchange. Li Ka-shing is a multi-billionaire and one of the richest people in the world. At the end of 2019, his assets amounted to approximately 29 billion US dollars. This puts Li Ka-shing in 28th place (at that time still just under 32 billion US dollars) on the Forbes list of the world’s richest in 2019. Horizons Ventures, as his personal single family office, focuses strongly on venture capital investments. Targeted firms are active in the technology, media, telecommunications, healthcare, internet and platforms sectors and usually provide disruptive technology of any kind. Exemplary investments include, for example, Curio. The premium audio platform with a curated library of expert journalism provides listeners with stories and insights on critical topics shaping our world, helping them learn and grow. Another excerpt of the portfolio is Prospection, a Pioneer in healthcare data analytics. The company uses predictive analytics and machine learning with real world healthcare data to unearth insights that help research, develop and target better healthcare outcomes for patients.
Our database of the largest single family offices from Hong Kong
Hong Kong is a metropolitan area and special administrative region of the People’s Republic of China on the eastern Pearl River Delta of the South China Sea. With over seven million inhabitants on 1106 square kilometers and a significant economic and financial sector, Hong Kong is one of the world’s leading cities. Its economy is governed under positive non-interventionism, and is highly dependent on international trade and finance. Because of that, Hong Kong is considered among the most favorable places to start a company. From 2014 to 2018, the number of registered startups climbed from 998 to over 2800, with a particular focus on e-commerce, fintech, software and advertising. That environment is also perfectly suited for single family offices, the private investment offices of Hong Kong’s most wealthiest individuals that we just analyzed in our database of the largest single family offices in Asia.
Why we offer the best overview of Hong Kong family offices
Our research team has spent years identifying the most relevant Asian single family offices and collecting them in our internal database. For our research, various channels are utilized: network research, transaction investigation, web crawlers, press releases, etc. Our team has several years of experience in the family office sector and is well connected. Our European single family office list or American single family office list are highly-regarded products in the global investment and family office community.
High data quality through in-depth research
We offer the most datapoints and the highest data quality: every single family office we add to our list is manually checked by our research team. We gather as much information as possible and take care on carefully selecting the most relevant and largest single family offices. Thereby, our customers receive a high-quality list of Hong Kong-based single family offices.
Disclaimer: due to the secrecy of some family offices, we are sometimes not able to provide you with email addresses or other pieces of information. In case we don’t know the exact investment focus, the specific column is marked as n.a.
Why we offer the best Hong Kong family office directory
Useful data in our single family office directory: investment focus, family wealth, exemplary investments
Our customers especially value our various data points: besides contact details (general e-mail address, phone number, URL, address) executive names, family wealth, we also include many information points about the detailed investment focus. Especially, we provide you with details on the real estate, private equity and venture capital investment focus. We specify the investment style (in which kind of companies or real estate does the family office invest?) and we provide you with exemplary investments. The list can also be filtered and sorted by financial market investments (funds, equities, etc.) and renewable investments.