Hong Kong-based family office (FO) Tsangs Group is planning to diversify its regional investments into some of Asia’s fastest-growing economies — in India and Southeast Asia.
It is looking at becoming a first-time investor in India. “We’ll be investing in some funds to get some exposure in the region,” Tsangs Group’s chairman Patrick Tsang told DealStreetAsia in an interview.
The FO recently made headlines when it opened an office in Singapore as a gateway into Southeast Asia for potential investment opportunities in the region. It is currently scouting for options in Indonesia, Vietnam and the Philippines, with a special focus on sectors such as e-commerce and fintech, said Tsang.
It also set up an office in Dubai for expansion into the Middle East last January, where it is looking to start either its own fund or do a joint venture with a local partner, Tsang said.
Last December, the company announced that TG Venture Acquisition, its blank cheque company, was entering a SPAC merger with The Flexi Group, a Hong Kong workspace operator.
Some of its direct investments include Guangdong-based Joiway Technology, an employment service platform that helps people, especially students, find part-time jobs; and BlueOcean Pay, a cross-border payment solution provider for brands and merchants to acquire Chinese customers.
In its most recent deal last July, it invested in Texas-based Ad Astra, developer of an engine system aimed at materialising the inspace transportation market.
Tsang said he continues to be bullish on Chinese investments, despite the risks the region has rendered over the past few years.
Edited excerpts from the interview:
