Asian Tiger Capital Partners

What Asian Tiger Capital Partners does

Asian Tiger Capital Partners (AT Capital) is a privately-held Bangladesh-based asset management and investment advisory firm headquartered in Dhaka, operating through its wholly-owned subsidiary Asian Tiger Capital Partners Asset Management Limited. The firm manages mutual fund products, most notably the ATC Shariah Unit Fund (an open-end Shariah-compliant fund), and previously managed the Asian Tiger Sandhani Life Growth Fund (a closed-end fund that was wound up in September 2025 following BSEC approval after its March 2025 tenure expiry with a final NAV of Tk 8.055 per unit against a face value of Tk 10.00). AT Capital also offers institutional asset management, investment advisory, and research services including daily market updates, macro research, and capital market analysis, with a stated investment process combining top-down macroeconomic research with bottom-up fundamental analysis.

The firm's revenue model is asset management fees calculated on net assets under management, supplemented by advisory and research fee income. Distribution occurs through direct website sales, the Dhaka headquarters office, and a network of selling agents for the Shariah fund, with the Bangladesh General Insurance Company PLC serving as Trustee. The company targets both individual unitholders and institutional investors in Bangladesh's capital market, with no disclosed geographic expansion beyond the domestic market. The investment team is led by Chairman Ifty Islam and CEO Sohel Rahman, with a combined experience claim of over 100 years. ATC Shariah Unit Fund declared zero dividend for FY 2024-25 with an EPU of BDT (0.86) after provision adjustment, reflecting operational stress in the surviving fund.

The firm is privately held with no external investors, funding rounds, or parent company identified in the source data. There is no proprietary technology platform, mobile app, API, or disclosed AI/ML capability. Strategic signals in the recent past have been predominantly defensive: BSEC rejection of fund conversion, unitholder votes on tenure extension, and the orderly wind-up of the closed-end fund. The remaining business is anchored to ATC Shariah Unit Fund and institutional/advisory mandates of undisclosed scale.

Name

Asian Tiger Capital Partners

Legal name

Asian Tiger Capital Partners (BD) Limited

Website

https://at-capital.com

Company type

Private

Operating status

Operating

Headcount range

11–50 employees

Short description

Asian Tiger Capital Partners is a privately-held Bangladesh-based asset manager and investment advisor that operates the ATC Shariah Unit Fund, offers institutional asset management, and publishes macro and capital market research, serving individual unitholders and institutional clients in Bangladesh.

Ownership category

akta.pro rank

Product category

Asset Management

NAICS

Portfolio Management and Investment Advice (523940), Open-End Investment Funds (52591), Other Financial Vehicles (52599)

SIC

Investment Advice (6282)

akta.pro primary industry

Advisory Portfolio Management (Non-Discretionary) (FSAAABAD)

akta.pro secondary industry

Capital Raising Advisory (Debt/Equity/Private Capital) (BPAHADAG)

Keywords

• Asset management services
• Mutual fund management
• Investment advisory
• Macro research
• Shariah-compliant funds

Headquarters

HQ city

Dhaka

HQ country

Bangladesh

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Mutual Fund Management: AT Capital Asset Management Limited manages mutual funds including ATC Shariah Unit Fund and Asian Tiger Sandhani Life Growth Fund. Revenue is generated through asset management fees calculated on the net assets under management (AUM). The firm earns management fees from both conventional and Shariah-compliant unit funds, with income derived from the total net assets of the funds they manage.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

AT Capital is a Bangladesh-based asset management firm that operates and manages mutual funds, including the Shariah-compliant ATC Shariah Unit Fund (open-end). It also provides investment advisory services, macro-economic research, capital market research, and daily market updates. The firm serves both retail unitholders and institutional investors in Bangladesh, employing a structured top-down macro and bottom-up fundamental analysis investment process.

Product overview

Asian Tiger Capital Partners operates as an asset management and investment advisory firm offering a portfolio of mutual fund products and research services. The product lineup includes ATC Shariah Unit Fund (a Shariah-compliant open-end fund), Buy Unit Fund, and Institutional Asset Management services, complemented by investment advisory, macro research, and capital market research offerings. The Asian Tiger Sandhani Life Growth Fund (ATCSLGF) was a closed-end fund that has completed its tenure and is currently winding up. The firm follows a structured investment process combining top-down macroeconomic research with bottom-up company analysis, supported by a team with over 100 years of combined investment experience.

Differentiator

Problem solved

Functional benefit

Brands

• ATC Shariah Unit Fund: Shariah-compliant open-end mutual fund
• ATC SLGF

Products and services

• ATC Shariah Unit Fund

Quantifiable outcome

• ATC Shariah Unit Fund NAV at market price: Tk 8.01 per unit (July 2025)
• +1 more outcomes

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered core.

• BRAC EPL Stock Brokerage LtdcoreGTM or Marketing Partner · 12 December 2024Bangladesh Investors Conference 2024 was organized by BRAC EPL Stock Brokerage Ltd in collaboration with Asian Tiger Capital Partners. The conference took place on December 12, 2024, at Nawab Hall, Sheraton Dhaka, bringing together investors and market participants in Bangladesh's capital market.
• Bangladesh General Insurance Company PLC (BGIC)coreOthersBangladesh General Insurance Company PLC serves as the Trustee for Asian Tiger Sandhani Life Growth Fund and ATC Shariah Unit Fund. BGIC oversees fund governance, approves financial statements, and manages unitholder communications and distributions on behalf of the funds.

Scale indicators2 records

Recent moves6 records

Broad incumbents

• BlackRock: World's largest asset manager with broad product set across geographies and asset classes, including Shariah-compliant strategies. Comparable as a broad incumbent demonstrating the scale potential of an asset management franchise built from a small base.
• Amundi: European-headquartered global asset manager with extensive emerging-markets and Shariah product offerings. Comparable as a broad incumbent in the asset management industry, useful as a benchmark for global best practices and product expansion.

Direct peers

• VIPB Asset Management Limited: Bangladesh asset management firm offering mutual fund products (including Shariah-compliant funds) and investment advisory services. Directly comparable in product mix, customer base (Bangladesh retail/institutional), and regulatory framework.
• EBL Asset Management Limited: Bangladesh-focused mutual fund and asset management company operating open-end and closed-end funds. Directly comparable as a domestic asset manager competing for the same pool of Bangladeshi retail and institutional capital.
• National Asset Management Limited: Bangladesh-based asset manager running mutual funds and managing institutional portfolios. Comparable as a domestic competitor with similar regulatory positioning and product offerings.
• RACE Asset Management Limited: Bangladesh-based asset manager running open-end mutual funds and providing portfolio management services. Comparable in scale and product set to AT Capital's domestic asset management business.
• BRAC EPL Stock Brokerage Limited: Bangladesh-based brokerage and investment services firm that co-organized the Bangladesh Investors Conference 2024 with AT Capital. Comparable as a domestic capital markets intermediary serving retail and institutional investors with research and advisory offerings.
• IDLC Investments Limited: Subsidiary of IDLC Bangladesh, one of the largest non-bank financial institutions in Bangladesh, offering asset management and brokerage services. Comparable as a domestic player with broader institutional reach and similar product lines.
• AIMS Asset Management Limited: Bangladesh asset management firm offering mutual fund products and advisory. Directly comparable as a domestic competitor targeting similar retail and institutional investor segments in Bangladesh capital markets.

Emerging players

• Shanta Asset Management Limited: Smaller Bangladesh asset management firm offering mutual fund products. Comparable as a domestic niche peer competing for similar retail investor pools but at smaller scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/asian-tiger-capital-partners

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about Asian Tiger Capital Partners