Li Ka-shing’s Horizons Venture is opening an office in Singapore with plans to have around ten staff based in the city-state.
The family office will have senior investment manager Jacky Li who will focus on deal execution, and Jeffrey Ho, portfolio curator.
The Advantage
Singapore has been a popular target for family offices in recent years while Hong Kong faces strict Covid-related restrictions and controversial security law.
However, according to Horizon Ventures, its decision to expand into Singapore was not due to these push factors in Hong Kong, but because of advantages in the city-state, such as being a regional hub for investors.
“We have about 23 investments across the region and operating out of this hub actually becomes pretty important because everyone is here. Building a hub out of Singapore and helping our companies create and identify strategic opportunities and partnerships into the Southeast Asian region makes total sense,” said Chris Liu, an Adelaide-based portfolio curator at Horizon Ventures.
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