Sun Hung Kai & Co Launches $300M Debt Fund
Mingtiandi Username Yacht-loving Malaysian billionaire Lee Seng Huang is leading SHK & Co into fund management Sun Hung Kai and Company is aiming to raise between $200 million and $300 million for a just-launched real estate debt fund as it expands its investment management business regionally. Co-founded by the patriarch of Hong Kong’s Sun Hung Kai Properties but under separate ownership for decades, Sun Hung Kai and Company is committing $100 million from its own balance sheet to kick off the fund, the HKEX-listed firm said in a Thursday press release. The vehicle, which is led by portfol...