Funds

After a certain period of time, funds are permitted to spin out, with no exit fee, no penalty and no trailer fee. We present some recent case studies

Whilst the majority of funds managed by Gordian Capital are listed here, we also manage a number of bespoke private funds for specific investor groups that are not listed on our Funds page.

Recently spun out funds

  • KAIZEN FUND

    The Kaizen Private Equity II Fund was an ASEAN focused private equity capital fund focusing on the education sector established on the Gordian Capital platform. After the Fund had attracted solid institutional interest including a number of DFI’s and made a number of investments, as planned, the Portfolio Managers spun off the platform. Gordian Capital supported the Portfolio Managers, working to novate the KAIZEN Fund across to their newly registered asset management firm.

    Sandeep Aneja, Founder and Managing Partner KAIZEN PRIVATE EQUITY II FUND commented, "Our highly experienced team already had decades of experience in the sector and had run a private equity fund with a similar strategy (Kaizen Private Equity I), however, establishing an operation in Singapore on Day 1 that met the standards that our institutional investors required was daunting, particularly from a cost and time perspective. Gordian Capital gave us the institutional platform that we required and allowed our investment team to focus on both finding great companies and working to grow them. Gordian Capital operates as a "pure platform" meaning this is their core business and they are not distracted by other businesses. As such there is no conflict of interest, either real or perceived. One key benefit was their flexibility, albeit in a highly regulated ecosystem, due primarily to their many years of experience and deep understanding of the lifecycle of funds. As expected, the spin out into our own regulated entity went smoothly".

    www.kaizenpe.com

  • QUALRGO ASEAN FUND

    The Qualgro Asean Fund was an ASEAN focused venture capital fund established on the Gordian Capital platform. After the Fund was mostly invested, the Portfolio Managers decided spin off the platform. Gordian Capital supported the Portfolio Manager’s, working to novate the QUALGRO Fund across to their newly registered asset management firm.

    Heang Chhor, Founder and Managing Partner QUALGRO ASEAN FUND commented, "Since inception, Gordian Capital provided a regulated, stable, cost effective and highly professional ecosystem in which we could concentrate on our skill set – research, portfolio construction and working with our investee companies. As anticipated, we reached a stage in our evolution where it made sense to establish our own regulated entity. Thanks to Gordian’s fantastic support, the transition was a well-planned and seamless process".

    www.qualgro.com

  • BEENEXT FUND

    The BEENEXT Fund was a venture capital fund established on the Gordian Capital platform that focused on investments in South East Asia, India, Japan and the US. With their first fund reaching full investment stage, the team felt it was time to spin out and establish their own asset management business. Gordian Capital supported the Portfolio Manager’s, working to novate the BEENEXT Fund across to their newly registered asset management firm.

    Teru Sato, Founding Partner BEENEXT FUND commented, "Although we have many years of venture capital investment experience, we had limited experience in establishing a fund, tax matters and structuring as well as the operational and regulatory aspects of operating a fund. Gordian Capital was very helpful and handled all those activities allowing us to focus on investing and working with our investee companies and giving us the flexibility to build our own brand. Our spin out was straightforward and smooth". "Gordian Capital was certainly a great launch pad." noted Hironori Maeda, Managing Partner at BEENEXT Capital Management Pte. Ltd.

    www.beenext.com

LIQUID FUNDS

Equity Long Short

  • Alltus Global Japan Fund

    The Fund is co-managed with Alltus Capital (UK) LLP

    • - London based.
    • - Established 2013
    • - Holds an Authorized Status
    • - Regulated by the UK’s Financial Conduct Authority (FCA)
    Name: Alltus Global Japan Fund
    Domicile Cayman Islands
    Investment Manager: Gordian Capital Singapore Pte Ltd
    Investment Manager: Alltus Capital (UK) LLP
    Administrator: Swiss Financial Services (Cayman) Ltd
    Directors: Richard Whittall, Don Ebanks, Kevin Phillip
    Auditor: BDO Cayman Islands
    Prime Broker: Nomura International plc
    Cayman Legal Counsel: Harneys Westwood & Riegels
    Singapore Legal Counsel: Rajah & Tann LLP
    US Legal Counsel: Seward & Kissell LLP
  • Amber Japan Fund
    • Name: Amber Japan Fund
      Domicile Cayman Islands
      Investment Manager: Gordian Capital Singapore Pte Ltd
      Administrator: Maples Fund Services Ltd
      Trustee: Elian Trustee (Cayman) Limited
      Auditor: Ernst & Young LLP
      Prime Broker: Goldman Sachs International
      Cayman Legal Counsel: Ogier
      Singapore Legal Counsel: Rajah & Tann LLP
      Japan Legal Counsel: Anderson Mori Tomotsune
  • Kainon Fund
  • Shin-Ka Fund

Global Macro

  • Quadratus Fund

    Quadratus Fund is a daily-liquidity multi-asset fund that seeks to preserve capital and outperform a balanced reference index, set at 50% of MSCI AC World NR and 50% of Bloomberg Barclays Global Aggregate TR, over a minimum recommended investment horizon of 3 years.

    The investment strategy consists of managing, on an active and discretionary basis, a portfolio of equities, bonds, and currencies, in all economic sectors and geographies including emerging markets.

    The fund may also invest in financial derivative instruments – like equity and fixed income futures – to adjust the portfolio’s beta and duration.

    Adrien Blavier – Portfolio Manager

    Adrien has 20 years’ experience in derivatives and alternative asset management. Prior to joining Gordian Capital, he was responsible for the business development of Galena Asset Management, a commodities-centric alternative asset manager. Prior to joining Galena, Adrien has run cross-asset derivatives sales for France and Benelux at Banco Santander, Barclays Capital and Bear Stearns where he was a Managing Director. Adrien started his career in equity derivatives research at Exane, the leading French equities broker-dealer, in Paris and New York. Adrien holds a Msc. in Finance from HEC Paris (Grande Ecole) and is a CFA and CAIA Charterholder.

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    Name: Hector SICAV – Quadratus Fund
    Legal Structure: Sub-Fund of a UCITS SICAV (open ended investment company)
    Domicile: Luxembourg
    Management Company: Degroof Petercam Asset Services
    Investment Manager: Gordian Capital Singapore Pte Ltd
    Central Administration: Degroof Petercam Asset Services
    Auditor: KPMG Luxembourg
    Custodian: Banque Degroof Petercam Luxembourg
    Bloomberg Tickers: QUADRUF LX <Equity> ; QUADRFE LX <Equity>

Fund of Funds

  • HIBIKI FUND

    The Hibiki Fund employs a Fund of Funds strategy to construct a balanced portfolio of alternative investment funds.

    The Fund is advised by Gordian Capital Japan Limited

    • - Tokyo based.
    • - Established 2016
    • - Holds an Investment Advisory license
    • - Regulated by Japan Financial Services Agency (FSA)
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  • The Macro Strategy Fund of Funds

Absolute Return

  • Cocogem Fund SPC

    The Portfolio aims to generate an absolute return by way of investing in a combination of fixed income and equities. 

    Gagan Mehrotra – Portfolio Manager

    Gagan Mehrotra is a Harvard Business School alumni and a career banker with over 22 years experience in the management of assets on a fiduciary basis. Gagan’s experience ranges from global banks such as HDFC Bank, Citibank, Coutts & Co., JP Morgan Private Bank to Standard Chartered Private Banking. His functional experience ranges from having worked in bank treasury to equities research to wealth management. Gagan’s core strength is active asset allocation and managing multi-asset class portfolio’s invested globally. Gagan is also an avid fintech promoter and has founded SwinkPay, a unique payment SAAS on open-loop inter-operable payment system.

     

     

     

     

    • Name: Cocogem Fund SPC
      Domicile Cayman Islands
      Investment Manager: Gordian Capital Singapore Pte Ltd
      Administrator: Vistra Alternative Investments (Singapore) Pte. Ltd.
      Directors: Gagan Mehrotra, Ann Marie Levien, Lynden John 
      Auditor: RSM Cayman, Ltd.
      Prime Broker: Goldman Sachs International
      Cayman Legal Counsel: Walkers (Singapore) LLP
      Singapore Legal Counsel: CNP Law LLP

ILLIQUID FUNDS AND INVESTMENT VEHICLES

Private Credit

  • DMI Income

    Its investments focus on Indian listed and unlisted equities, equity linked instruments such as compulsorily convertible debentures, fixed income instruments with varied term maturities, corporate debt instruments primarily in the form of loans, bonds, debentures and notes, and units of mutual funds or alternative investment funds. It may also provide new capital in the form of debt and equity to companies with specific capital needs, such as growth, acquisition or restructuring.

    Anil is an Executive Director and the Chief Portfolio Officer for Fund Solutions at Gordian Capital Singapore Private Limited; he serves as Senior Portfolio Manager, as Member of the Investment Committee, on the Board of Directors, and as Supervisory Board Member to various Private Equity, Real Estate, Venture Capital, and Private Debt Funds on the Gordian platform, in addition to advising on fund structuring. Anil brings over 17 years’ investment management experience having worked on liquid strategies (Public-Listed Markets & Instruments – both on Long-Short and Long-biased mandates), as well as illiquid strategies (Private Markets).

    He serves as the Portfolio Manager and on the Board of Directors of the DMI Income.

    Prior to Gordian he was with Asset Management firm Daiwa Sumitomo Bank Investments and Hedge Fund Fundamental Capital; both as Portfolio Manager, responsible for security selection and portfolio construction for Asia/Asia Pacific Ex-Japan Equity mandates. Anil started his career on the equity derivatives trading and structuring desk at the Development Bank of Singapore Treasury and Capital Markets division and subsequently worked for a boutique investment firm, Orion Capital, on private equity and mezzanine transactions as well as corporate restructuring. Anil has managed assets for institutions (sovereigns, pensions, corporates, and funds of funds) as well as multi-family offices, served on asset allocation committees and is experienced in running active overlays in various asset classes as hedge to underlying equity portfolios. Anil is a Registered Representative for the regulated activity of fund management with the Monetary Authority of Singapore and a Member of the Singapore Institute of Directors. He completed the Private Equity Executive Programme at the University of Oxford and has a post-graduate Master’s degree specialising in Economics and International Finance from King’s College University of London, receiving a merit for the taught program and a distinction for his research dissertation. Anil graduated with Honors in Engineering for his undergraduate degree and is a Singapore national.

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    • Name: DMI Income
      Domicile: Singapore
      Investment Manager: Gordian Capital Singapore Pte Ltd
      Administrator: Trident Trust Company (Singapore) Pte Limited
      Tax Counsel Singapore: Ernst & Young Solutions LLP
      Tax Counsel India: KPMG, India
      Legal Counsel Singapore: Drew & Napier LLC
      Legal Counsel India: Amicus, Advocates and Solicitors
      International Counsel: K&L; Gates LLP
      Auditor: Ernst & Young LLP
      Custodian: Standard Chartered Bank
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Private Equity

  • DVI
  • ECV

    It focuses its investments in Vietnamese companies or companies with financial or commercial ties to Vietnam.

    Anil Ponnampalam – Portfolio Manager

    Anil is an Executive Director and the Chief Portfolio Officer for Fund Solutions at Gordian Capital Singapore Private Limited; he serves as Senior Portfolio Manager, as Member of the Investment Committee, on the Board of Directors, and as Supervisory Board Member to various Private Equity, Real Estate, Venture Capital, and Private Debt Funds on the Gordian platform, in addition to advising on fund structuring. Anil brings over 17 years’ investment management experience having worked on liquid strategies (Public-Listed Markets & Instruments – both on Long-Short and Long-biased mandates), as well as illiquid strategies (Private Markets).

    He serves as the Portfolio Manager to ECV.

    Prior to Gordian he was with Asset Management firm Daiwa Sumitomo Bank Investments and Hedge Fund Fundamental Capital; both as Portfolio Manager, responsible for security selection and portfolio construction for Asia/Asia Pacific Ex-Japan Equity mandates. Anil started his career on the equity derivatives trading and structuring desk at the Development Bank of Singapore Treasury and Capital Markets division and subsequently worked for a boutique investment firm, Orion Capital, on private equity and mezzanine transactions as well as corporate restructuring. Anil has managed assets for institutions (sovereigns, pensions, corporates, and funds of funds) as well as multi-family offices, served on asset allocation committees and is experienced in running active overlays in various asset classes as hedge to underlying equity portfolios. Anil is a Registered Representative for the regulated activity of fund management with the Monetary Authority of Singapore and a Member of the Singapore Institute of Directors. He completed the Private Equity Executive Programme at the University of Oxford and has a post-graduate Master’s degree specialising in Economics and International Finance from King’s College University of London, receiving a merit for the taught program and a distinction for his research dissertation. Anil graduated with Honors in Engineering for his undergraduate degree and is a Singapore national.

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    Name: ECV
    Domicile: Singapore
    Investment Manager: Gordian Capital Singapore Pte Ltd
    Administrator: Alter Domus Singapore Pte. Ltd.
    Tax Counsel Singapore: PricewaterhouseCoopers Singapore Pte. Ltd.
    Singapore Legal Counsel: Shook Lin & Bok LLP
    International Legal Counsel: Mayer Brown
    Auditor:  PricewaterhouseCoopers LLP
     
  • FIL

    It focuses its investments in high growth companies that have cross-border links with or plays into China’s economic momentum and aligns with or protects against the impact of internet technologies.

    Anil is an Executive Director and the Chief Portfolio Officer for Fund Solutions at Gordian Capital Singapore Private Limited; he serves as Senior Portfolio Manager, as Member of the Investment Committee, on the Board of Directors, and as Supervisory Board Member to various Private Equity, Real Estate, Venture Capital, and Private Debt Funds on the Gordian platform, in addition to advising on fund structuring. Anil brings over 17 years’ investment management experience having worked on liquid strategies (Public-Listed Markets & Instruments – both on Long-Short and Long-biased mandates), as well as illiquid strategies (Private Markets).

    He serves as the Portfolio Manager and on the Board of Directors of the FIL.

    Prior to Gordian he was with Asset Management firm Daiwa Sumitomo Bank Investments and Hedge Fund Fundamental Capital; both as Portfolio Manager, responsible for security selection and portfolio construction for Asia/Asia Pacific Ex-Japan Equity mandates. Anil started his career on the equity derivatives trading and structuring desk at the Development Bank of Singapore Treasury and Capital Markets division and subsequently worked for a boutique investment firm, Orion Capital, on private equity and mezzanine transactions as well as corporate restructuring. Anil has managed assets for institutions (sovereigns, pensions, corporates, and funds of funds) as well as multi-family offices, served on asset allocation committees and is experienced in running active overlays in various asset classes as hedge to underlying equity portfolios. Anil is a Registered Representative for the regulated activity of fund management with the Monetary Authority of Singapore and a Member of the Singapore Institute of Directors. He completed the Private Equity Executive Programme at the University of Oxford and has a post-graduate Master’s degree specialising in Economics and International Finance from King’s College University of London, receiving a merit for the taught program and a distinction for his research dissertation. Anil graduated with Honors in Engineering for his undergraduate degree and is a Singapore national.

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    • Name: FIL
      Domicile: Singapore
      Investment Manager: Gordian Capital Singapore Pte Ltd
      Administrator: Portcullis Fund Administration (S) Pte Ltd
      Tax Counsel: PricewaterhouseCoopers
      Singapore Legal Counsel: Allen & Gledhill LLP
      Auditor: UHY Lee Seng Chan & Co
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  • P-ESM
  • Pegasus 7 Ventures
  • S-ACI
  • S-AH
  • S-AM
  • S-AP
  • S-RBW
  • S-RWD
  • S-VH

Fund of Venture Capital Funds

  • Mistletoe Venture Partners International

    The Fund will make investments in private equity investments including, but not limited to, early and/or late stage investments in the form of venture capital, early stage, seed and/or pre-seed investing and is expected to invest, or otherwise acquire interests, directly or indirectly, in investment funds, collective investment schemes or other forms of investment mandates and investment vehicles as the Manager may consider appropriate from time to time.

    The Fund is advised by Gordian Capital Japan Limited
    • - Tokyo based.
    • - Established 2016
    • - Holds an Investment Advisory license
    • - Regulated by Japan Financial Services Agency (FSA)

    Katsumasa Niki - Senior Advisor

    Mr. Niki is a Senior Advisor with Gordian Capital Japan Limited and also serves as a Non-Executive Director of Mistletoe Venture Partners, Inc. and as an Advisor to SoftBank Corp. From June 2005 to September 2016, Mr. Niki was an employee with various group companies within SoftBank, where he last served as SoftBank’s Corporate Officer of Business Development. During his time with SoftBank, Mr. Niki led many of SoftBank’s highest-profile investments and mergers and acquisitions activities, including investments into Vodafone K.K., Supercell Oy and Grab, as well as the US$21.6 billion acquisition of NYSE-listed Sprint Corporation. Mr. Niki was also nominated by SoftBank to serve as a director from January 2011 to December 2015 on NYSE-listed Renren Inc.

    Name: Mistletoe Venture Partners International
    Domicile: Cayman
    Investment Manager: Gordian Capital Singapore Pte Ltd
    Investment Advisor: Gordian Capital Japan Limited
    Directors: Wayne Loo, Yusuke Morimoto, Taizo Son
    Administrator: Portcullis Trust (Singapore) Ltd
    Singapore Legal Counsel: Rajah & Tann Singapore LLP
    Cayman Legal Counsel: Walkers (Singapore) Limited Liability Partnership
    Tax Counsel: KPMG

Real Estate

  • AGRE - AFKA
  • AGRE - AIMH
  • AGRE - BCS
  • AGRE - CHGDM
  • AGRE - ILA
  • AGRE - JREI2
  • AGRE - JREI3
  • AGRE - KVA
  • AGRE - MRD
  • AGRE - OI
  • AGRE - OII
  • AGRE - PMIB
  • AGRE - PMIIB
  • AGRE - SECH
  • AGRE - SHNDRM
  • AGRE - SR
  • AGRE - YGL
  • AGRE - YJ2
  • AGRE - YJ3
  • IRE

    It was formed to, originate, acquire, hold, finance, manage and ultimately dispose of investments in companies involved in real estate assets and or companies that principally provide products or services to other firms engaged in the real estate business.

    Anil Ponnampalam – Portfolio Manager

    Anil is an Executive Director and the Chief Portfolio Officer for Fund Solutions at Gordian Capital Singapore Private Limited; he serves as Senior Portfolio Manager, as Member of the Investment Committee, on the Board of Directors, and as Supervisory Board Member to various Private Equity, Real Estate, Venture Capital, and Private Debt Funds on the Gordian platform, in addition to advising on fund structuring. Anil brings over 17 years’ investment management experience having worked on liquid strategies (Public-Listed Markets & Instruments – both on Long-Short and Long-biased mandates), as well as illiquid strategies (Private Markets).

    He serves as the Portfolio Manager, Member of the Investment Committee, and on the Board of Directors of the IRE.

    Prior to Gordian he was with Asset Management firm Daiwa Sumitomo Bank Investments and Hedge Fund Fundamental Capital; both as Portfolio Manager, responsible for security selection and portfolio construction for Asia/Asia Pacific Ex-Japan Equity mandates. Anil started his career on the equity derivatives trading and structuring desk at the Development Bank of Singapore Treasury and Capital Markets division and subsequently worked for a boutique investment firm, Orion Capital, on private equity and mezzanine transactions as well as corporate restructuring. Anil has managed assets for institutions (sovereigns, pensions, corporates, and funds of funds) as well as multi-family offices, served on asset allocation committees and is experienced in running active overlays in various asset classes as hedge to underlying equity portfolios. Anil is a Registered Representative for the regulated activity of fund management with the Monetary Authority of Singapore and a Member of the Singapore Institute of Directors. He completed the Private Equity Executive Programme at the University of Oxford and has a post-graduate Master’s degree specialising in Economics and International Finance from King’s College University of London, receiving a merit for the taught program and a distinction for his research dissertation. Anil graduated with Honors in Engineering for his undergraduate degree and is a Singapore national.

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    Name: IRE
    Domicile Singapore
    Investment Manager: Gordian Capital Singapore Pte Ltd
    Administrator: alter Domus Singapore Pte. Ltd
    Auditor: RSM Chio Lim LLP
    Tax Counsel: KPMG Services Pte Ltd
    Singapore Legal Counsel: Rajah & Tann LLP
     
  • P-TM

Venture Capital

  • EFSI

    To selectively invest in early stage technology start-ups globally.

    Anil Ponnampalam – Portfolio Manager

    Anil is an Executive Director and the Chief Portfolio Officer for Fund Solutions at Gordian Capital Singapore Private Limited; he serves as Senior Portfolio Manager, as Member of the Investment Committee, on the Board of Directors, and as Supervisory Board Member to various Private Equity, Real Estate, Venture Capital, and Private Debt Funds on the Gordian platform, in addition to advising on fund structuring. Anil brings over 17 years’ investment management experience having worked on liquid strategies (Public-Listed Markets & Instruments – both on Long-Short and Long-biased mandates), as well as illiquid strategies (Private Markets).

    He serves as the Portfolio Manager to EFSI.

    Prior to Gordian he was with Asset Management firm Daiwa Sumitomo Bank Investments and Hedge Fund Fundamental Capital; both as Portfolio Manager, responsible for security selection and portfolio construction for Asia/Asia Pacific Ex-Japan Equity mandates. Anil started his career on the equity derivatives trading and structuring desk at the Development Bank of Singapore Treasury and Capital Markets division and subsequently worked for a boutique investment firm, Orion Capital, on private equity and mezzanine transactions as well as corporate restructuring. Anil has managed assets for institutions (sovereigns, pensions, corporates, and funds of funds) as well as multi-family offices, served on asset allocation committees and is experienced in running active overlays in various asset classes as hedge to underlying equity portfolios. Anil is a Registered Representative for the regulated activity of fund management with the Monetary Authority of Singapore and a Member of the Singapore Institute of Directors. He completed the Private Equity Executive Programme at the University of Oxford and has a post-graduate Master’s degree specialising in Economics and International Finance from King’s College University of London, receiving a merit for the taught program and a distinction for his research dissertation. Anil graduated with Honors in Engineering for his undergraduate degree and is a Singapore national.

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    Name: EFSI
    Domicile: Singapore
    Investment Manager: Gordian Capital Singapore Pte Ltd
    Administrator: Alter Domus Singapore Pte. Ltd.
     

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