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SUN HUNG KAI & CO. LIMITED

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EQS-News: Sun Hung Kai & Co. Launches Real Estate Debt Strategy with USUSD100m Commitment

04/08/2021 | 05:22am EDT
EQS-News / 08/04/2021 / 17:21 UTC+8 
 
For immediate release: 8 April 2021, Hong Kong 
 
Sun Hung Kai & Co. Launches 
 Real Estate Debt Strategy with USUSD100m Commitment 
 
 
Sun Hung Kai & Co. Limited (SEHK: 86) ("SHK & Co.") announced the launch of a real estate debt fund managed by its 
in-house real estate investment group, Multiple Capital Investment Partners (MCIP). The team is targeting to raise 
between USUSD200 and USUSD300 million for the fund, which will invest in first and second mortgages for commercial and 
residential real estate in Asia-Pacific over its five-year life. SHK & Co. has committed USUSD100 million of capital. 
 
MCIP is focused on investing in high-quality mortgage loans in developed markets, for development, repositioning or 
refinancing of the properties. Target markets include Australia and New Zealand, Greater China, South Korea, and 
Southeast Asia. The United Kingdom and selective European Union countries will also be considered on an opportunistic 
basis. The strategy aims to take advantage of Asia's secular growth trends while securing downside protection and 
generating yield, to provide investors carefully risk-managed access to the region's real estate markets. 
 
The team is co-led by partners and portfolio managers Rai Katimansah and Simon Tozer, based in Singapore and Melbourne, 
respectively. Rai has more than two decades of real estate investment experience with various real estate funds and 
Standard Chartered Bank. Simon has likewise held several senior roles across 20 years, including with banks such as 
Nomura Securities and ABN AMRO Bank. 
 
In addition to today's real estate debt fund announcement, SHK & Co. has made several other commitments in 2021 through 
its fund's management platform. They include USUSD150 million into East Point Asset Management, USUSD15 million into E15VC, 
and the ActusRayPartners European Alpha Fund, with a fundraising target of USUSD100 million. 
 
Rai and Simon said, "We see compelling investment opportunities to make attractive risk-adjusted returns by extending 
loans to well-established borrowers across APAC markets where MCIP and SHK & Co. have strong deal sourcing networks and 
execution capabilities. The strategy is yield driven and offers downside protection for those looking for carefully 
risk managed access to both the real estate lending market and the APAC growth story." 
 
Seng Huang Lee, Group Executive Chairman of SHK & Co. and member of the Investment Committee of MCIP, said: "Credit, 
including real estate lending, is a core business and competency of SHK & Co. We are excited to bring together the 
infrastructure and transparency of a listed company, the commitment and consistency of a family business and the 
experienced professionals in the MCIP team. This combination will offer an institutional quality product right from the 
start." 
 
 
 
Lindsay Wright, CEO of SHK funds management, added "Simon and Rai are both recognised industry figures who SHK & Co has 
been working with for several years. We are excited to be launching this strategy and supporting the team's growth and 
deal activity across the region." 
 
The launch of this strategy is further supported by the recent confirmation of SFC Type 1 & 9 licences in Hong Kong for 
Sun Hung Kai Capital Partners, the funds management platform of SHK & Co. 
 
 
 
About Sun Hung Kai & Co. 
 
Sun Hung Kai & Co. Limited (SEHK: 86) ("SHK & Co.", together with its subsidiaries, the "Group") is a leader in 
alternative investing headquartered in Hong Kong. Since its establishment in 1969, the Group has owned and operated 
market-leading platforms in Financial Services. The Group invests across public markets, alternatives and real assets 
and has an established track record of generating long-term risk adjusted returns for its shareholders. Most recently, 
it has extended its strategy to incubate, accelerate and support emerging asset managers in the Asian region. It is 
also the major shareholder of a leading Consumer Finance firm, United Asia Finance Limited. The Group currently holds 
about HKUSD44 billion in total assets as at 31 December 2020. 
 
For more information about SHK & Co., please visit its corporate website www.shkco.com. 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
About Rai Katimansah 
 
Rai Katimansah has more than 24 years of real estate lending and private equity experience, spending the past 19 years 
in Asia completing real estate debt investments in Japan, Korea, China, Southeast Asia, and Australia. Prior to SHK & 
Co., Rai was the Head of Phoenix Property Investors' debt fund in Asia Pacific. His previous experience includes being 
the Head of Investments in Standard Chartered Bank's Principal Finance Real Estate Group, Head of Financial Products 
and Real Estate Mezzanine Fund in Mapletree Investments, and Lehman Brothers Global Real Estate Group. 
 
About Simon Tozer 
 
 
Simon Tozer has over 20 years of experience in banking and finance across Australia and Europe, including founding 
Multiple Capital in Australia where he managed over AUD 400 million of real estate mortgage loans and raised over AUD 
250m of third-party capital. Previously he has held roles at Nomura Securities, ABN AMRO Bank and BHP Limited. 
 
 
For media enquiries, contact: 
 
For English version:   For Chinese version: 
Simon Buckby, Teneo   Florine Tsang, Teneo 
+852 5665 5657    +852 5399 6745 
Simon.Buckby@teneo.com  Florine.Tsang@teneo.com 
08/04/2021 Dissemination of a Marketing Press Release, transmitted by EQS Group. 
The issuer is solely responsible for the content of this announcement. 
Media archive at www.todayir.com 
 

(END) Dow Jones Newswires

April 08, 2021 05:21 ET (09:21 GMT)

Stocks mentioned in the article
ChangeLast1st jan.
ABN AMRO BANK N.V. -2.13% 10.378 Real-time Quote.29.40%
BHP GROUP -2.45% 46.52 End-of-day quote.9.64%
KONG SUN HOLDINGS LIMITED 0.00% 0.09 End-of-day quote.0.00%
NOMURA CO., LTD. -1.45% 950 End-of-day quote.11.50%
STANDARD CHARTERED PLC -3.60% 468.7 Delayed Quote.0.60%
SUN HUNG KAI & CO. LIMITED 0.95% 4.24 End-of-day quote.29.66%
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Financials
Sales 2021 4 148 M 534 M 534 M
Net income 2021 2 783 M 358 M 358 M
Net cash 2021 7 308 M 941 M 941 M
P/E ratio 2021 3,03x
Yield 2021 6,13%
Capitalization 8 405 M 1 083 M 1 083 M
EV / Sales 2021 0,26x
EV / Sales 2022 -0,12x
Nbr of Employees 2 219
Free-Float 27,1%
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Mean consensus -
Number of Analysts 1
Average target price 7,90 HKD
Last Close Price 4,24 HKD
Spread / Highest target 86,3%
Spread / Average Target 86,3%
Spread / Lowest Target 86,3%
EPS Revisions
Managers and Directors
NameTitle
Wing Charn Chow Executive Director & Group Deputy CEO
Robert James Quinlivan Group Chief Financial Officer
Seng Huang Lee Group Executive Chairman
David Craig Bartlett Independent Non-Executive Director
Alan Stephen Jones Independent Non-Executive Director
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