Latest news with #alternativeassets
Forbes
22-05-2025
- Business
- Forbes
Casino Magnate Lawrence Ho Invests In Hong Kong Real Estate Broker IFCX
Lawrence Ho, chairman and CEO of Melco International Development. Black Spade Capital, the Hong Kong-based family office of casino magnate Lawrence Ho, has made an undisclosed investment in real estate brokerage firm IFCX. Hong Kong-headquartered IFCX, founded in 2014 by ex-Morgan Stanley banker Kingston Lai, helps institutional investors invest in alternative assets such as properties, fine wines, art and other collectibles. The firm also helps property developers in Cambodia, Malaysia, the Middle East, Thailand, the U.K. and Vietnam to market and sell their projects, while providing property management services to buyers. In a statement on Tuesday, IFCX said Black Spade Capital's investment allows the firm to tap into a wider network of high-net-worth individuals, as well as the hospitality and entertainment sectors in Asia. IFCX added that it will expand its offerings to include predictive market analytics and artificial intelligence-powered tools for investor engagement. 'With Black Spade's backing, we're not only expanding our footprint,' said Lai, IFCX's CEO. 'We're redefining how real estate is traded on a global scale, bridging institutional pathways and empowering individual investors.' Ho's investment in IFCX marks his latest bet outside of his core casino business in Macau. Last August, the chairman and CEO of casino giant Melco International Development listed a special purpose acquisition company on Nasdaq after raising $150 million to target a merger with an AI company. It followed the New York Stock Exchange listing of another SPAC, which in 2023 completed a $23 billion business combination with VinFast Auto, Vietnam's electric-vehicle manufacturer controlled by the country's wealthiest person Pham Nhat Vuong. The son of late casino legend Stanley Ho, the younger Ho has also been expanding his gambling empire beyond Macau following Beijing's years-long crackdown on capital outflow through gambling in the Asian gaming hub. In January, Ho announced plans to pursue a license to operate an integrated resort in Thailand once casinos are legalized in the country, a move he described as a 'generational opportunity.' Meanwhile, Melco plans to open a casino in Sri Lanka later this year, adding to its existing portfolio that includes hospitality and gaming complexes in Macau, the Philippines and Cyprus.
Bloomberg
22-05-2025
- Business
- Bloomberg
Private Market Investing Goes Mainstream
Investing in alternative assets such as infrastructure and private equity was once the preserve of large institutions and the uber rich with access to private bankers. But technological advances and product innovation have opened these markets to wealthy retail investors, creating one of the fastest-growing segments in wealth management. Many experts, including BlackRock CEO Larry Fink, refer to this trend as the 'democratization' of investing. So what opportunities are out there in the private market for wealthy investors? And what are some of the risks, especially overinvestment? Steffanie Yuen, Head of Hong Kong for Endowus, breaks down the sector as she joins John Lee and Katia Dmitrieva on the Asia Centric podcast.
Bloomberg
21-05-2025
- Business
- Bloomberg
Blue Owl Capital Targets Expansion to Retail Investors in Japan
New York-based alternative asset management firm Blue Owl Capital Inc. said it aims to enter the Japanese mutual fund market as early as next year. Johann Santer, who oversees the firm's private wealth division in the Asia-Pacific region, said in an interview on May 13 that Blue Owl would offer to individual investors publicly traded funds that include things such as direct lending involving companies or asset-based finance linked to things including consumer loans.
Globe and Mail
21-05-2025
- Business
- Globe and Mail
GCM Grosvenor to Present at the William Blair 45th Annual Growth Stock Conference on June 4, 2025
CHICAGO, May 21, 2025 (GLOBE NEWSWIRE) -- GCM Grosvenor (Nasdaq: GCMG), a global alternative asset management solutions provider, announced today that Michael Sacks, Chairman and Chief Executive Officer of GCM Grosvenor, will present at the William Blair 45 th Annual Growth Stock Conference on Wednesday, June 4 at 8:40 a.m. CDT. A link to the live audio webcast of the presentation will be available on GCM Grosvenor's public shareholders website and the event website. For those unable to listen to the live audio webcast, a replay will be available for 90 days following the presentation. About GCM Grosvenor GCM Grosvenor (Nasdaq: GCMG) is a global alternative asset management solutions provider with approximately $82 billion in assets under management across private equity, infrastructure, real estate, credit, and absolute return investment strategies. The firm has specialized in alternatives for more than 50 years and is dedicated to delivering value for clients by leveraging its cross-asset class and flexible investment platform. GCM Grosvenor's experienced team of approximately 550 professionals serves a global client base of institutional and individual investors. The firm is headquartered in Chicago, with offices in New York, Toronto, London, Frankfurt, Tokyo, Hong Kong, Seoul and Sydney. For more information, visit: Public Shareholders Contact Stacie Selinger sselinger@ 312-506-6583
National Post
20-05-2025
- Business
- National Post
DOV Opens Office in South Korea, Marking Strategic Asia-Pacific Expansion
Article content NEW YORK — DOV Management, a New York-based investment firm specializing in alternative assets and structured opportunities, today announced the opening of its new office in South Korea, operating under the name DOV KOREA. The launch marks a key milestone in the firm's global expansion and underscores its long-term commitment to the Asia-Pacific region. Article content Article content The establishment of DOV KOREA enhances DOV's ability to engage directly with South Korea's dynamic market and collaborate with local institutions and enterprises. The expansion comes as the firm continues to scale its Asia-Pacific presence to meet increasing global interest in strategies including infrastructure and real assets. Article content With over $800 million in assets under management, DOV has a track record of investing across sectors such as AI, clean energy, biotech, 3D printing and infrastructure. The firm is also preparing new investment vehicles to support long-term opportunities in South Korea and across the broader Asia-Pacific region. Article content 'As South Korea enters a new era on the global stage, it represents a compelling convergence of innovation, industrial scale, and global connectivity,' said David You, CEO of DOV. 'Our collaboration with DOV KOREA allows us to identify and pursue high-quality investment opportunities, in partnership with world-class Korean organizations.' Article content DOV KOREA operates as a dedicated platform focused on the Korean market, enabling the firm to conduct proprietary deal sourcing, strategic advisory, and on-the-ground execution. The expansion aligns with DOV's broader objective to connect with global partners across Asia and support transformative investments in the region. Article content 'Establishing a presence in South Korea is a meaningful step forward in our Asia-Pacific expansion,' You added. 'It positions us to move with greater agility in the region and deepen our ability to deliver long-term value.' The launch of DOV KOREA reflects DOV's continued commitment to building a globally connected platform and forging enduring partnerships in strategic markets. Article content DOV is a New York-based global alternative investment firm specializing in structured opportunities and long-term capital solutions. The firm focuses on private equity, private credit, and infrastructure, aiming to deliver differentiated returns across market cycles. Through a disciplined, research-driven approach and deep structuring expertise, DOV partners with investors and businesses to unlock value in complex markets. Our integrated platform and global network position us to support transformative growth, preserve capital, and deliver sustainable outcomes for our partners. To learn more, please visit Article content Article content Article content Article content Article content Article content
