Hong Kong’s TR Capital opens Singapore office with eye on South-east Asia’s next unicorns

TR Capital, a secondary private equity (PE) firm focused on Asia, has opened an office in Singapore as it looks to buy existing stakes in South-east Asia’s most promising innovative companies.

TR Capital manages over US$1.2 billion across 4 funds, with a focus on healthcare, digital consumer and technology. Its over 40 deals to date have included investments in Indian e-commerce giant Flipkart and Chinese online music platform NetEase Music.

Though deals have been concentrated in China and India, the firm plans to allocate about 20 per cent of its investments in South-east Asia. Its chief executive and founder Paul Robine, who recently relocated his family from Hong Kong to Singapore to grow the business, said the newest office will comprise 10 people.