Li Ka-shing’s Horizons Ventures to open Singapore office as it looks to ramp up deals in the region
- Singapore will be Horizons’ first office outside Hong Kong and will be manned by up to 10 staff
- The company has 23 investments across the region and operating out of Singapore, according to Chris Liu, portfolio curator for Horizons
As many as 10 staff will be based in the Southeast Asian city including Jacky Li, a senior investment manager who will focus on deal execution, and Jeffrey Ho, a portfolio curator. It comes a year after the firm flagged plans to ramp up deals in the region and will be Horizons’ first office outside Hong Kong with a focus on supporting portfolio companies entering the market.
A number of investors have either left Hong Kong or expanded operations outside the city amid increasingly strict national security laws and Covid-related travel restrictions. Horizons Ventures said none of these factors played a part. Instead its decision was driven by Singapore’s advantages as a regional hub for investors and expansion.
“We have about 23 investments across the region and operating out of this hub actually becomes pretty important because everyone is here,” said Chris Liu, an Adelaide-based portfolio curator for Horizons. “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.”