Sun Hung Kai & Co. Limited

What Sun Hung Kai & Co. Limited does

Sun Hung Kai & Co. Limited (SEHK: 86) is a Hong Kong-headquartered, principal-led alternative investment platform founded in 1969 and listed on the Hong Kong Stock Exchange since 1983. As at 31 December 2025 it held approximately HK$38.7 billion in total assets and HK$24.6 billion (~US$3.2 billion) in total assets under management, reflecting 81% per-annum AUM growth over the previous three years. The group operates three core business segments: a Credit Business anchored by United Asia Finance (consumer finance through a Hong Kong and Mainland China branch network plus the 'Yes UA' mobile app and the 'UA Yirongzhan' internet lending platform) and Sun Hung Kai Credit (1st and 2nd mortgage loans plus a Mortgage Servicing Business managing a US$100M institutionally owned portfolio); an Investment Management business covering public markets, hedge funds and private equity, special situations and structured credit, and a real estate portfolio; and an Alternative Solutions platform operated through Sun Hung Kai Capital Partners (SHKCP), which holds SFC Type 1, 4 and 9 licences and links institutional investors and family offices with curated alternative managers via vehicles such as SHKCP Private Access Fund, SHK Latitude Alpha, Family Office Solutions and Institutional Solutions.

The company's revenue model combines net interest income from the credit book with management and performance fees from the investment management and alternative solutions businesses, plus investment returns on its principal capital. In FY2025, total income reached HK$5,473.6 million with profit before taxation of HK$2,010.3 million and net profit of HK$1,815.3 million; alternatives fee income rose 83.4% and alternatives profits tripled to US$202 million, driven by favourable sentiment towards China-related assets and better exit activity. Go-to-market is hybrid: high-volume direct distribution for retail credit (physical branches plus self-serve digital channels), and enterprise field sales for SHKCP, supported by strategic alliances with global alternative managers including Janus Henderson, GAM, Wentworth, Pinegrove Credit Partners, ActusRayPartners, East Point Asset Management and GCO Asset Management. Ultimate control rests with the Lee family via Allied Group Limited and the Lee and Lee Trust; historical strategic shareholders include CVC Capital Partners and Dubai Group.

The platform's strategic identity is built on alignment — deploying principal capital alongside external institutional and family-office partners — and on the regulated infrastructure (SFC-licensed SHKCP, 55+ year brand heritage, and multi-asset-class capability) that allows it to originate, structure and distribute alternative investment products across Asia-Pacific, Western Europe and North America. The product surface continues to broaden through launches such as Institutional Solutions (2025), the Mortgage Servicing Business (2024) and the SIM Credit Card (2023), while distribution is increasingly globalised via partnerships spanning Australia, the US, the UK and continental Europe.

Name

Sun Hung Kai & Co. Limited

Legal name

Sun Hung Kai & Co. Limited

Website

https://shkco.com

Company type

Public

Founded year

1969

Operating status

Operating

Headcount range

101–250 employees

Short description

Sun Hung Kai & Co. Limited is a Hong Kong-listed, principal-led alternative investment platform operating three business segments — Credit, Investment Management, and Alternative Solutions — serving retail and small-business borrowers in Greater China alongside institutional investors and family offices globally.

Ownership category

akta.pro rank

Product category

Alternative Investment Management

NAICS

Portfolio Management and Investment Advice (523940), All Other Financial Investment Activities (52399), Other Financial Investment Activities (5239), Other Financial Vehicles (52599)

SIC

Investment Advice (6282), Security Brokers, Dealers & Flotation Companies (6211), Real Estate Dealers (For Their Own Account) (6532)

akta.pro primary industry

Managed Account / SMA Multi-Manager Platforms (FSANAGAL)

akta.pro secondary industries

Family Office Investment Platforms & Direct Investing (PE/VC/Co-Invest) (FSAAADAH), Capital Markets Advisory (IPO Readiness, SPAC, ECM/DCM Advisory) (BPAHAOAL)

Keywords

• Alternative investment management
• Consumer finance lending
• Mortgage loan services
• Credit business operations
• Investment management platform

Headquarters

HQ city

Causeway Bay

HQ country

Hong Kong SAR China

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Others

Revenue model

1. Credit Business: The credit business provides stable returns and strong cash flow through consumer finance (unsecured loans) and mortgage lending. This includes United Asia Finance Limited offering personal loans through branch networks and online platforms, and Sun Hung Kai Credit providing 1st and 2nd mortgage loans. Revenue is generated through interest income on loans.
2. Investment Management: Leverages Group's expertise, network and financial strength to generate risk-adjusted returns across public markets (corporate holdings, cash management with derivatives/hedging) and alternative investments (hedge funds, private equity, special situations, structured credit, real estate). Revenue from investment returns and management fees.
3. Alternative Solutions: SHKCP creates ecosystem matching capital partners (LPs) with alternative managers (GPs), generating fee income from platform management and performance fees. Adds additional revenue streams through diversified products and strategies.
4. Fee Income from Alternatives: Fee income from the alternatives business experienced 83.4% rise, driven by better exits and favorable market sentiment towards China-related assets. Total alternatives AUM increased 57% to $3.2 billion.

Go-to-market motion3 records

Distribution channels5 records

Marketing channels6 records

Core offering

Sun Hung Kai & Co. Limited is a principal-led alternative investment platform operating three core business lines: a Credit Business (consumer finance via United Asia Finance and mortgage lending via Sun Hung Kai Credit), an Investment Management business (public markets, hedge funds, private equity, special situations, structured credit, and real estate), and an Alternative Solutions platform (Sun Hung Kai Capital Partners) that links institutional capital with curated alternative investment managers. The company serves individual borrowers, property owners, institutional investors, and ultra-high-net-worth family offices primarily in Hong Kong, Mainland China, and globally.

Product overview

Sun Hung Kai & Co. Limited operates as a principal-led alternative investment platform based in Hong Kong with three core business segments: Credit Business, Investment Management, and Alternative Solutions. The Credit Business comprises United Asia Finance Limited (consumer finance via the 'Yes UA' mobile app) and Sun Hung Kai Credit Limited (mortgage loans and servicing). Investment Management spans Public Markets, Hedge Funds and Private Equity, Special Situations and Structured Credit, and Real Estate. The Alternative Solutions platform is anchored by Sun Hung Kai Capital Partners (SHKCP), which holds SFC licences and links institutional investors with alternative investment managers. The company also operates charitable foundations focused on youth development through sailing (SHK Scallywag Foundation) and broader community initiatives.

Differentiator

Problem solved

Functional benefit

Brands

• SHK Scallywag Foundation: Philanthropic initiative aimed at building a sailing legacy in Hong Kong and supporting youth development through the sport of sailing. Inspired by Team Sun Hung Kai Scallywag's journey and achievements.
• SHK & Co. Foundation
• SHK Capital Partners

Products and services

• United Asia Finance Limited (UAF) Consumer Loans Market leader in consumer finance providing unsecured personal loans and small business financing to individuals and small businesses in Hong Kong and Mainland China through branch networks, the 'Yes UA' mobile app with 'One-Click-to-Loan', and the 'UA Yirongzhan' online lending platform.
• Sun Hung Kai Credit Mortgage Loans Mortgage loan provider offering 1st mortgage and 2nd mortgage loans to property owners and customized financing solutions for property investors in Hong Kong. Also operates the Mortgage Servicing Business managing US$100M+ institutionally owned residential mortgage portfolios.
• Sun Hung Kai Capital Partners (SHKCP) Alternative Solutions Platform Alternative solutions platform with SFC Type 1, 4 and 9 licences creating a holistic ecosystem linking limited partners (LPs) with general partners (GPs) and curated alternative investment opportunities across hedge funds, private equity, private credit, and real assets.
• SHKCP Private Access Fund Fund targeting specific alternative investment opportunities for clients, providing access to curated alternative managers.
• SHK Latitude Alpha Fund Multi-manager hedge fund portfolio offering diversified alternative investment exposure, launched with US$330m commitment.
• Family Office Solutions (FOS) Customized alternative investment solutions designed for select family offices, ultra-high-net-worth individuals, and institutions.
• Institutional Solutions Investment solutions catering specifically to the investment needs of institutional clients, providing access to the firm's alternative investment capabilities.
• Real Estate Debt Strategy (MCIP) Real estate debt strategy launched with Multiple Capital Investment Partners (MCIP), with initial US$100m commitment from Sun Hung Kai & Co.
• Yes UA Mobile App Advanced mobile application enabling online authentication of smart Hong Kong identity card and 'One-Click-to-Loan' service for quick loan applications and approvals, with FPS integration for instant loan disbursement.
• SIM Credit Card Credit card product offered by United Asia Finance (UAF) as part of the consumer finance business.

Quantifiable outcome

• 81% per annum growth in Total AUM over the past three years
• +4 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

18 partnerships are on record, tiered core, major and minor.

• Janus Henderson (Strategic Partnership)coreStrategic or Co-development Partner · 1 May 2026Strategic partnership announced between Janus Henderson and Sun Hung Kai & Co. to collaborate on alternatives products, leveraging SHK & Co.'s alternative investment expertise and Janus Henderson's global distribution capabilities.
• Pinegrove Credit PartnersmajorStrategic or Co-development Partner · 1 May 2026SHK Capital Partners and Pinegrove Credit Partners entered strategic partnership to expand Asia investor access to venture debt, combining SHK & Co.'s platform with Pinegrove's credit expertise.
• WentworthmajorStrategic or Co-development Partner · 1 December 2025SHK & Co. deepened partnership with Wentworth, seeding a new Australian real estate private credit platform. Partnership involves co-investment in hotel assets including Sydney Novotel and Ibis Hotels sold by ADIA for $274M.
• GAMcoreStrategic or Co-development Partner · 1 July 2025Strategic alliance between GAM and SHK & Co. to drive growth and enhance distribution in Greater China. GAM brings global investment management expertise while SHK & Co. provides local market access and alternative investment capabilities.
• GCO Asset ManagementmajorStrategic or Co-development Partner · 1 January 2022Seed partnership with GCO Asset Management, a global credit opportunities fund, generating additional returns through disciplined approach to credit markets.
• East Point Asset ManagementmajorStrategic or Co-development Partner · 1 January 2021$150 million seeding partnership announced between SHK & Co. and East Point Asset Management for global credit opportunities fund.
• ActusRayPartnersmajorStrategic or Co-development Partner · 1 January 2021SHK & Co. committed capital into European Alpha Fund launched by ActusRayPartners, a quantitative hedge fund manager. Multiple fund commitments followed including Asian Alpha Fund and Japan Alpha Fund. ActusRayPartners won double victory at HFM European Performance Awards 2025.
• Multiple Capital Investment Partners (MCIP)majorStrategic or Co-development Partner · 1 January 2021Launched a real estate debt strategy through Multiple Capital Investment Partners (MCIP) with initial commitment.
• Kernel FundminorStrategic or Co-development Partner · 1 January 2021Seed commitment in Kernel Fund, a fully regulated cryptocurrency hedge fund, as part of diversification into alternative strategies.
• HandsOn Hong KongminorOthersCommunity service partnership through Serve-a-thon, Hong Kong's annual volunteer service marathon addressing social needs. SHK staff regularly participate in volunteer activities.
• Friends of the Earth (HK)minorOthersPartnership for environmental initiatives including Tree Planting Challenge 2026, planting native tree saplings at Tai Lam Country Park.
• The Conservancy AssociationminorOthersEnvironmental partnership for eco-rice harvesting initiatives at Ho Sheung Heung and participation in ECO RANGERS 2024 campaign.
• WWF-Hong KongminorOthersPartnership for coral exploration eco-tours at Hoi Ha Marine Life Centre and marine conservation awareness activities.
• World Green OrganizationminorOthersPartnership for tree planting initiatives under the World Green Organization's Tree Partner Programme at Tai Lam Country Park.
• Crossroads FoundationminorOthersHK$1 million donation to develop 'Trail of World Need' showcase and Computer Refurbishment Programme donating 600 refurbished computers to underprivileged students.
• Hebe Haven Yacht ClubminorOthersOngoing partnership with Hebe Yacht Club for sailing programs and SHK Scallywag Foundation activities supporting youth sailing development.
• Sailability Hong KongminorOthersPartnership for sailing courses offering under-represented youth free introductory sailing lessons leading to Hong Kong Sailing Federation certifications.
• Harvard Business SchoolminorOthersEstablished Sun Hung Kai & Co. Foundation Fellowship Fund supporting Harvard Business School's need-blind admission policy and MBA students from Greater China.

Scale indicators11 records

Recent moves14 records

Expansion highlights6 records

Direct peers

• PAG (Pacific Alliance Group): Hong Kong-based alternative investment firm with similar mix of credit, private equity, special situations and real assets across Asia. Closest comparable given shared HK base, alternatives focus, and capital-allocation discipline.
• Hopu Investments: Asia-focused alternatives platform with private equity, real assets and structured solutions. Comparable in regional alternatives mandate and principal-led investment model.
• Affirma Capital (formerly Standard Chartered PE): Asian mid-market alternatives manager covering private equity, private credit and special situations. Comparable in regional alternatives scope and institutional client focus.
• China Renaissance Holdings: Hong Kong/China-based investment bank and alternative-asset manager with crossover capabilities. Comparable in HK base, advisory-plus-investment model, and China/Asia alternatives focus.
• Citic Capital Holdings: Hong Kong/China-based alternative investment manager across private equity, real estate, structured credit and special situations. Comparable business mix and Asia focus, with similar institutional and family-office client base.
• Baring Private Equity Asia: Asia-focused alternatives manager with a comparable blend of private equity, private credit, and special situations. Directly comparable on regional alternatives focus and institutional LP base.
• Value Partners Group: Hong Kong-listed asset manager with significant alternatives and hedge-fund capability. Comparable as a Hong Kong-based, Asia-focused investment platform with both internal strategies and curated external manager access.

Broad incumbents

• Everbright Securities: Large Chinese financial institution that acquired 100% of SHK's former brokerage business (Sun Hung Kai Financial). Overlapping presence in HK/China capital markets but a broader incumbent across investment banking, brokerage and asset management.

Emerging players

• Lighthouse Canton: Singapore-headquartered multi-asset wealth and asset manager offering alternatives, private credit and discretionary portfolios. Comparable as an emerging Asia-based platform building alternatives and family-office solutions.

Regional players

• Affinion Asset Management / Loyal Valley Capital: Mainland-China-focused alternative investment manager with private equity and hedge fund exposure. Comparable in alternatives mandate but primarily Mainland-China-focused versus SHK's HK anchor.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UC70-BA_1N_KBOCdMJAMHdzQ
• Facebookfacebook.com/SunHungKaiCo
• LinkedInlinkedin.com/company/sun-hung-kai-co
• Instagraminstagram.com/scallywaghk/?hl=en

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Subsidiaries3 records

Funding overview

Funding rounds2 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments18 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Sun Hung Kai & Co. Limited