About Us

Founded by Mr. Ma Chi Kong Karl in 2014, together with leading Chinese technology companies and prominent family offices from China and overseas, Pine Peak Capital Group Limited  ("PPCG" or together with its affiliates as the "Group") is an investment management and financial services platform that focuses on the global technology industry. 
 
PPCG is currently managing private equity funds with over US$2.5 billion commitments and has its key businesses operated by three wholly-owned subsidiaries, namely Pine Star Asset Management Limited (formerly known as “TUS Asset Management Limited”), TUS Corporate Finance Limited and Pine Peak Finance Limited (formerly known as “TUS Capital Limited”) in Hong Kong. Each of  the Pine Star Asset Management Limited and TUS Corporate Finance Limited is licensed with the Securities and Futures Commission of Hong Kong to carry out regulated activities [1], including assisting corporates to issue and distribute offshore corporate bonds, initial public offerings’ sponsorship, mergers and acquisitions as well as financial advisory.  Over the years, PPCG has built up an extensive network and access to investors, financial advisors and top tier corporations globally, which allows the Group to provide tailored financial advisory, investment management as well as business development and technology transfer services to provincial governments and investment platforms in the mainland China.  In anticipation of the remarkable growth in the Greater Bay Area, the Group has already established its presence in Macau through its subsidiary, Macau Pico Bay Limited, and is among the first batch of financial institutions in Macau to start operating asset management business in the near future. 
 
PPCG has a strong team of professional staff and advisors who have accumulated substantial investment and operational experience in different industries.  The Group has been involved in business development and investment in many leading technology companies in Asia, in particular in the semiconductor industry and it’s sub-sectors as well as the digital infrastructure ecosystem where the Group has an edge in terms of expertise and deal sourcing capabilities.  Throughout the investment process, PPCG’s team will develop a range of operational, personnel and financial plans together with top-tier industry advisors, while the management team of the investee company shall be empowered to execute these plans. PPCG creates value for investee companies through various initiatives, including proactive participation in their corporate governance structures, capital and financial planning, talent acquisition, operational management, etc.  The professional team has a strong track record of increasing shareholder value, which allows the Group to earn satisfactory returns for its investors when investee companies achieve exit through listing, M&A and other realisation strategies.    
  

PPCG has a long-term commitment to its investors and will share risks and returns with them by committing its own capital into private equity funds managed by the Group, thereby ensuring interests are aligned for both sides. 

 

In 2018, PPCG has spearheaded the fundraising of two venture capital funds with focus on artificial intelligence, 5G, and fin-tech.  These VC funds aim to identify game-changing technologies in various verticals, and the Group shall leverage on the strength of the professional team and its network to contribute to the successful development of the technology industry in China.

 

[1] Regulated activities of the Group include Type 1 (dealing in securities), Type 4 (advising on securities), Type 6 (advising on corporate finance), Type 9 (asset management)

Board of Directors

Mr. Tsang Ling Biu, Gilbert


Mr. Tsang holds a Master Degree in Commerce (with Professional Accounting and Finance) and a Bachelor Degree in Science (with Information Systems) from the University of New South Wales in Australia. Mr. Tsang is also a fellow member of CPA Australia.


Mr. Tsang has wealth of experience in private equity and corporate finance. Throughout his career, he has held various positions at SW7 Capital, Calibration Partners Limited, Barclays Capital Asia Limited, The Securities and Futures Commission of Hong Kong, Peregrine Brokerage Limited and Credit Lyonnais Securities Asia Limited (CLSA).  He is the co-founder and principal of SW7 Capital, which is an Asia focused private equity platform with deep and significant access to bespoke deal flow across Asia, including many low profile family-orientated business.  He is also the co-founder and partner of Calibration Partners Limited. Calibration Partners Limited provides independent, strategic and focused advice in mergers and acquisitions, capital raisings, structured debt, restructurings and bespoke direct investment opportunities.


Mr. Tsang has been appointed as a Director of PPCG since 1 May 2016.

Mr. Patrick Lo


Mr. Lo graduated from the University of California, Berkeley’s Hass business school with a  Bachelor Degree in Business Administration and he is a Chartered Financial Analyst.


Mr. Lo has been working in the financial industry for more than twenty-seven years with substantial senior management and investment related experience.  From 2014 to 2018, Mr. Lo was the Partner of Mu Investment Management (Asia) Limited, an Asian equity hedge fund. Prior to this, Mr. Lo was the founder and Chief Executive Officer of Redwood Investment Management (Asia) Limited, where the firm specialized in alternative investments.  Mr. Lo has also held various investment position with leading financial institutions in his early career, including Managing Director of the special situation group at Merrill Lynch and Portfolio Manager at Fidelity Investment Management Asia Limited.


Mr. Lo has been appointed as a Director of PPCG since 18 December 2018.

Mr. Ma Chi Kong Karl (Chairman)


Mr. Ma graduated from the University of Michigan with a Bachelor degree in Business Administration, and from the London Business School of the University of London with a Master degree in Finance. He holds the professional qualification of the Chartered Financial Analyst and is also a member of the Hong Kong Society of Financial Analysts.


Mr. Ma has over 25 years of experience in finance and investment. He held senior positions at various international investment banks responsible for product structuring, financing and fund management before he started his own private equity business.  Mr. Ma has extensive governmental and social contacts throughout Asia in particular in China, Macao and Hong Kong.


Mr. Ma is the Co-chairman of the board of directors of China Private Ventures Limited, a director of Tus-Holdings Co., Ltd., the Chairman of Pine Peak Capital Group, a director of Luso International Banking Ltd., and a member of Beijing Committee of The Chinese People's Political Consultative Conference.


Mr. Ma has been appointed as the Chairman and a Director of PPCG since 7 August 2013.

Asset Management

 

Pine Star Asset Management Limited (“PSAM”) is a private equity investment manager specializing in AI, Big Data, Connectivity and IoT. With huge support from Mr. Ma Chi Kong and his business network, PSAM is able to gain access to leading industry players and proprietary deal flows. Based in Hong Kong, PSAM invests internationally across the globe and domestically within China.
 
The professional team of PSAM has industry exposure gained within China and across Asia, with an average of 20 years experience in private equity investment and asset management. 


PSAM is licensed by the Securities and Futures Commission of Hong Kong for Type 4 (Advising on Securities) and Type 9 (Asset Management) regulated activities.

 

Corporate Finance

What we do


TUS Corporate Finance Limited is licensed by the Securities and Futures Commission of Hong Kong to conduct Type 1 (dealing in securities) and Type 6 (advising on corporate finance) regulated activities.


Our lines of services include:


Private Equity Fundraising

Mergers and Acquisitions Advisory

Hong Kong IPO Underwriting

Bond/Convertible Bond Issuance

Share Placement

Other Financial Advisory Services

Corporate Strategy


Explore corporate finance needs in Hong Kong and the Mainland China by utilizing the extensive global expertise and China know-how of the management team as well as the support from PPCG’s shareholders.

Management Team

 

Michael Ngai | Managing Director

  • Over 15 years of finance and investment banking experience

  • MBA (The Chinese University of Hong Kong)

  • CPA

  • Type 1 & 6 Responsible Officer and Sponsor Principal

 

Kelton Lo | Managing Director

  • Over 15 years of finance and investment banking experience

  • City University of Hong Kong (Bachelor of Business Administration in Accountancy and Law)

  • Member of HKICPA

  • Type 6 Responsible Officer and Sponsor Principal

 

Clark Ngai | Vice President

  • Over 9 years of finance and investment banking experience

  • Macquarie University (Bachelor degree in Business Administration)

  • Type 6 Responsible Officer

 

Jason Lee | Vice President

  • Over 7 years of finance and investment banking experience

  • University College Dublin (Master Degree in Finance)

  • Type 1 & 6 Responsible Officer

Join Us

We invite high calibre candidates to apply for the following position(s). Interested parties please email your full resume to hr@ppcghk.com.

 

Personal data collected will be used for recruitment purpose only.

PE Manager / Associate Director – Asset Management Department

Responsibilities:

  • Degree holder in Business Administration or related disciplines;

  • 3 - 5 years’ relevant experience in direct investment / private equity industries;

  • Industrial background in TMT and fintech sector is a must;

  • Strong in project management or taking up the execution role of the projects;

  • Strong organizational and time management skills; 

  • Strong command of both written and spoken in English and Chinese, fluency in Putonghua is a must.

Requirements:

  • Assist in leading various projects assigned by the Management;

  • Assist in the execution process and fundraising activities for the deals / projects;

  • Recommend on optimal deal structure, funding and exit strategy to enhance investment returns;

  • Working closely with Management team to evaluate investment opportunities, provide all analytics and financial modeling with growth forecast and prepare preliminary due diligence report;

  • Coordinating with external professionals, including auditors, lawyers and other professionals to perform due diligence work, fund formation and transaction execution process;

  • Candidate with good experience in origination will be considered as Associate Director.

 

 

Pine Peak Capital Group (Hong Kong) Limited

15/F, Shanghai Commercial Bank Tower, 10-12 Queen’s Road Central, Central, Hong Kong

Tel: (852) 2598 9891

Fax: (852) 2598 9779

Email: info@ppcghk.com

Contact Us