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”), Pine Peak Corporate Finance Limited (formerly known as 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 the Pine Peak Corporate Finance Limited is licensed with the Securities and Futures Commission of Hong Kong to carry out regulated activities , 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.
 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)
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. 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 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.
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.
What we do
Pine Peak 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
Other Financial Advisory Services
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.
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
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Director – Corporate Finance
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