Sun Hung Kai & Co. Seeking to Grow Investments to $2 Billion
- Seeking investment in fintech, healthcare and consumer firms
- Chief Investment Officer Van Den Berg says in interview
This article is for subscribers only.
Sun Hung Kai & Co., a Hong Kong finance company, wants to expand its investment operation to $2 billion over the next two years by funding financial technology, healthcare and consumer firms, its chief investment officer said.
The unit, which currently has assets of about HK$11 billion ($1.4 billion), should grow to the new target size over the next 18 to 24 months, Sebastiaan Van Den Berg, Sun Hun Kai’s chief investment officer and head of principal investments, said in an interview last month in Hong Kong. It is seeking returns of 15-20 percent from the investments, which may take the form of debt or equity, Van Den Berg said.