What Shorea Capital does

Shorea Capital is a Singapore-based, founder-led professional investment management firm operating across three integrated business units: Real Estate, Investment Management, and Wealth Management. The Real Estate unit handles investment strategy, development and asset management, and capital structuring across Singapore, Australia, and the United Kingdom, with offices in London, Melbourne, and a regional presence in Kuala Lumpur. The Investment Management unit builds multi-asset portfolios spanning listed equities, real estate special situations, and alternatives (hedge funds, infrastructure, private credit), and serves as sub-advisor to the SGX-listed CSOP iEdge S-REIT Leaders Index ETF. The Wealth Management unit provides discretionary and advisory mandates, strategic planning, asset allocation, and consolidated cross-jurisdictional reporting, with Addepar deployed as the underlying reporting technology.

Regulated activities are conducted through wholly-owned subsidiary Shorea Advisors Pte. Ltd., which holds a Capital Markets Services license and Exempt Financial Advisor status from the Monetary Authority of Singapore. The firm manages over S$2 billion in assets under management and has executed more than S$2 billion in real estate transactions since 2018, including the S$514 million Amara Holdings privatization, the Hwa Hong Corporation mandate (S$165 million+ in divestments), the GBP 50 million Shorea Capital London Office Fund, and the Evans Road and Melbourne Walk development projects.

The client base is concentrated in family offices, ultra-high-net-worth individuals, and institutional investors in and outside Asia. The business model combines recurring management fees on AUM, performance fees and carried interest on value-add funds, transaction and advisory fees on privatization and divestment mandates, and equity returns from co-investment alongside clients. Sponsors include Hwa Hong Corporation, Newfields Group, and Zen Capital, providing institutional discipline and capital backing. The firm is led by co-founders Eugene Teo (CEO) and Eng Yaw Ong (Managing Director), supported by a senior team averaging more than 25 years of experience drawn from Standard Chartered, Citigroup, OCBC, DBS, CIMB, Wing Tai Holdings, Redevco, and other leading institutions.

Name

Shorea Capital

Legal name

Shorea Capital Pte Ltd

Website

https://shoreacap.com

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

11–50 employees

Short description

Shorea Capital is a Singapore-based, founder-led investment management firm offering real estate, multi-asset investment management, and wealth management services to family offices, UHNWIs, and institutional clients across Asia, Australia, and the UK, managing over S$2 billion in AUM.

Ownership category

akta.pro rank

Product category

Investment Management

NAICS

Portfolio Management and Investment Advice (523940), Portfolio Management and Investment Advice (52394), Other Financial Vehicles (525990)

SIC

Investment Advice (6282), Security Brokers, Dealers & Flotation Companies (6211), Investors, Nec (6799)

akta.pro primary industry

Onshore Private Banking (Domestic HNW/UHNW) (FSAAABAA)

akta.pro secondary industries

Real Estate Portfolio & Fund Management (Institutional/REIT/PE) (BPAJAMAJ), Private Banking Advisory & Discretionary Portfolio Management (FSABADAD), Capital Raising Advisory (Debt/Equity/Private Capital) (BPAHADAG), Real Estate Capital Markets Advisory (Debt/Equity Placement, Refinancing) (BPAJANAE)

Keywords

• Investment management services
• Wealth management solutions
• Real estate investment
• Asset management
• Private equity funds

Headquarters

HQ city

Singapore

HQ country

Singapore

HQ region

Asia

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Investment Management Fees: The firm charges management fees for overseeing client assets across real estate, public equities, and alternative investments. As a licensed fund manager and advisor, Shorea Capital earns fees based on assets under management and/or fund size.
2. Performance Fees / Carried Interest: For value-add and special situations funds such as the Shorea Capital London Office Fund, the firm likely earns performance-based carried interest alongside management fees, aligned with co-investor returns.
3. Co-Investment Income: Shorea Capital co-invests alongside clients, generating deal-level equity returns and interest income through debt/equity solutions such as the Evans Road financing structure that delivered over 10% stable returns to investors.
4. Advisory and Strategic Mandates: The firm earns advisory fees for strategic counsel on privatizations (e.g., Amara Holdings), capital management, and divestments, including the S$165m strategic divestments and S$5m+ savings generated for Hwa Hong Corporation.

Go-to-market motion2 records

Distribution channels2 records

Marketing channels3 records

Core offering

Shorea Capital is a Singapore-based private investment management firm that provides three integrated service lines: Real Estate (investment strategy, development and asset management, capital structuring, and fund raising across Singapore, Australia, and the UK), Investment Management (multi-asset solutions across listed equities, real estate special situations, and alternative investments such as hedge funds, infrastructure, and private credit), and Wealth Management (strategic planning, asset allocation, product selection, consolidated reporting via Addepar, and discretionary or advisory mandates). The firm also operates the Shorea Capital London Office Fund, a GBP 50 million value-add fund investing in London commercial offices.

Product overview

Shorea Capital is a Singapore-based professional investment management firm offering three core business units: Real Estate, Investment Management, and Wealth Management. The firm operates through its subsidiary Shorea Advisors Pte. Ltd., which holds a Capital Markets Services license and is regulated by the Monetary Authority of Singapore. The Real Estate unit provides investment strategy, advisory, development and asset management, and capital structuring across Singapore, Australia, and the UK. Investment Management covers listed equities, real estate special situations, and alternative investments including hedge funds, infrastructure, and private credit. Wealth Management delivers strategic planning, asset allocation, product selection, consolidated reporting, and both discretionary and advisory mandates. Additionally, the firm manages the Shorea Capital London Office Fund, a GBP50 million value-add fund focused on London commercial office refurbishment.

Differentiator

Problem solved

Functional benefit

Products and services

• Real Estate Provides real estate investment and development services including investment strategy and advisory, development and asset management, capital structuring and fund raising, and listed equities and special situations for family offices, UHNWIs, and institutional investors across Singapore, Australia, and the UK.
• Investment Management Delivers institutional-quality multi-asset investment solutions across listed equities, real estate special situations, and alternative investments including hedge funds, infrastructure, and private credit, for family offices, UHNWIs, and institutional clients. Includes sub-advisory services to the CSOP iEdge S-REIT Leaders Index ETF.
• Wealth Management Provides tailored wealth management services including strategic planning, asset allocation, product selection, consolidated reporting via Addepar, and ongoing communication, with both discretionary and advisory mandates for family offices, UHNWIs, and institutional clients.
• Shorea Capital London Office Fund A 5-year closed-end value-add fund launched in 2021 that invests primarily in Grade B and C commercial offices across London to refurbish and reposition assets to meet UK ESG legislation while minimizing carbon footprint, targeting GBP 50 million. Example asset: 188 City Road in London's Old Street, refurbished to EPC 'A' and BREEAM Excellent standards.

Quantifiable outcome

• Over S$2 billion in AUM
• +7 more outcomes

Named customers4 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

Integration1 record

Partnerships

Four partnerships are on record, tiered core and minor.

• CSOP Asset ManagementcoreChannel Partner/ Reseller/ DistributorShorea Capital, through its subsidiary Shorea Advisors, serves as investment adviser to the Singapore-listed CSOP iEdge S-REIT Leaders Index ETF. KC Sin, Managing Director of Investments, holds this advisory role. This is a product distribution partnership through which Shorea's research capabilities are embedded in a listed investment product.
• Shorea Advisors Pte. Ltd.coreOthersA wholly-owned subsidiary of Shorea Capital that holds a Capital Markets Services license and is an Exempt Financial Advisor regulated by the Monetary Authority of Singapore (MAS). It conducts the regulated investment management and wealth management activities of the group.
• Amara Holdings LimitedcoreStrategic or Co-development PartnerHeadquartered in Singapore, Amara is an integrated lifestyle group engaged in hotel investment, property development, and specialty restaurants. Shorea Capital acted as lead investment manager and strategic architect for the S$514m privatization, bringing in new investors and financing, and post-privatization developed and executed the business plan on behalf of the consortium.
• Cover ProjectsminorStrategic or Co-development PartnerCover Projects is a hospitality management company that owns and operates The Initial Sama, a wellness-oriented service apartment at 26 Evans Road, Singapore. Shorea Capital provided a holistic debt/equity financing solution to finance refurbishment of the SLA-owned asset.

Scale indicators11 records

Recent moves8 records

Expansion highlights5 records

Broad incumbents

• ESR Group: APAC-focused real estate investment manager with funds, REITs and credit strategies across logistics, office, and living sectors. Comparable as a regional real estate investment management competitor pursuing cross-border capital deployment, though at materially larger scale.
• Frasers Property: Singapore-listed multinational real estate developer and investment manager operating across Asia, Australia and Europe. Comparable in real estate investment and asset management across the same geographies Shorea operates in; notably Shorea CEO Eugene Teo was previously EVP at Frasers Property.
• CapitaLand Investment: Large Singapore-listed real estate investment manager with global footprint across funds, REITs and lodging. Comparable as a regional competitor in Asian real estate capital management, though at materially larger scale and with listed-REIT distribution.
• Mapletree Investments: Temasek-linked Singapore real estate investment manager operating across office, retail, logistics, residential and data centres globally. Comparable as a Singapore-based RE investment management competitor with cross-border mandate execution.

Direct peers

• Carret Private: Singapore-based multi-family office and wealth manager serving UHNW families in Asia with discretionary mandates. Comparable given Singapore base, UHNW/family office focus, and discretionary wealth management model.
• ARIA Capital Partners: Independent Singapore-based investment advisory firm serving family offices and UHNW clients with discretionary wealth and asset management. Comparable given Singapore base, UHNW family office target market, and multi-asset discretionary mandate focus.
• VP Bank (Singapore): Liechtenstein-headquartered private bank with Singapore operations providing wealth planning, investment advisory and discretionary management for UHNW clients in Asia. Comparable as an international private bank competing for the same UHNW/family office wallet in Singapore.
• Crossinvest: Boutique Singapore private wealth and asset manager serving UHNW individuals and families with cross-border investment solutions. Comparable given Singapore base, family office client focus, and cross-border wealth management capability.
• Bordier & Cie (Singapore): Swiss private bank with Singapore presence serving HNW/UHNW clients across Asia with discretionary portfolio management and advisory mandates. Comparable in target client segment (UHNW/family offices) and discretionary wealth management offering.
• Lighthouse Canton: Singapore-headquartered multi-asset wealth and investment management firm serving family offices, UHNWIs and institutional clients across Asia. Closest like-for-like comparable given similar Singapore base, UHNW/family office focus, and multi-asset + real estate capability.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/shorea-capital
• Facebookfacebook.com/shoreacapital

Revenue estimate

Valuation estimate

Number of profiles

Profiles15 records

Subsidiaries1 record

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 Shorea Capital