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Investment Highlights
Biotechnology
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PROMETHEUS BIOSCIENCES

2018

We were an early and key investor in Prometheus Biosciences, a biotechnology company that utilizes precision medicine to target immune-medicated diseases.
 
 

TESSA THERAPEUTICS

2017

We were an early and key investor of Tessa Therapeutics, a Singapore-based biotechnology company developing novel cell therapies for cancer.

Asia Opportunity Segregated Portfolios

2019-Present

We manage several portfolios that focus on public debt and equity investments driven by fundamental analysis. The portfolios emphasize APAC- and US-based investments in multiple sectors including technology, healthcare, and commodities.

5E Advanced Materials 2024

We made a ~US$40M part-equity, part-convertible-note investment in 5E Advanced Materials, a boron and lithium supplier, enabling them to progress towards commercialization.

 

Widgie Nickel

2023

We participated in the company’s AU $12 million placement in 2023, becoming a substantial (9.9%) shareholder. The deal enables continued exploration and development of the company’s Mt Edwards Project.

Stanmore Resources

2022

We provided a US $120 million loan facility to Stanmore Resources as part of their US $1.2 billion deal to purchase an 80% interest in BHP Mitsui Coal (BMC). The deal positions Stanmore as a global leader in metallurgical coal exportation.

 

Stanmore Resources

2020

In conjunction with Golden Energy and Resources (GEAR), we completed an on-market takeover of Stanmore Resources, an Australian coal company. At the on-market purchase price of AUD 1 per share, we acquired a 75.33% stake in the company, which represented a value of ~A$203 million (~US $155 million) in 2020.

Moladin

2022

We are a key investor of Moladin, an Indonesia-based omnichannel used car marketplace.

 

Fundtastic

2019

We are a key investor of Fundtastic, an Indonesia-based financial technology company that operates a personal finance and investing platform.

One Rail Australia

2023

We participated in a deal involving Magnetic Rail Group’s acquisition of railway assets from One Rail Australia, owned by Aurizon Holdings, worth AU ~$425M.