PACM Announced as Gold Sponsor for the Vancouver Chinatown Foundation Autumn Gala

PACM Group (Holdings) Limited (“PACM” or “Pacific Aegis Capital Management Group”) is pleased to announce its role as a Gold Sponsor for the Vancouver Chinatown Foundation Autumn Gala. The Gala featured an impressive collection of generously donated artworks by internationally renowned Canadian artists, which were auctioned to raise funds for the construction of 58th West Hastings (“58WH”), BC’s largest social housing project. The 58WH project aims to provide 231 affordable housing units, a 50,000-sqft integrated health centre, and skill-building programs and resources to the community. With 800 attendees, including representatives from all levels of the Canadian government, particularly Hon. David Eby, Premier of British Columbia, and Hon. Ken Sim, Mayor of Vancouver. The evening was a resounding success, raising CAD 1.9 million to support the 58WH project.

Through the opportunities facilitated by Ms. Carol Lee, Chair of the Vancouver Chinatown Foundation, PACM has the privilege of partnering with this respected registered charity devoted to revitalizing Vancouver’s historic neighborhood. Together, we share a common vision for community development and revitalization. As a private credit investment management firm with a focus on real estate, PACM recognizes the significance of affordable housing, sustainable community growth, and the preservation of historic buildings. This alignment with the goals of the 58WH Art Project is a natural fit, as it encompasses PACM’s expertise in these areas and our effort to foster a vibrant and culturally rich community.

The Gala represents an innovative approach to community development, where art plays a vital role in giving back to the community. Not only will the funds raised contribute to the 58WH project, but the donated artworks will also be integrated into the design of the building, creating a unique and culturally significant space for residents and visitors alike. The project broke ground in July 2021 and is slated for completion in Spring 2024.

Mr. Francis Ng, Managing Director and Chief Investment Officer of PACM, said, ” We are excited to see the profound and positive impact it will have on Vancouver’s Downtown Eastside. By uniting all levels of government, partner organizations, and renowned Canadian artists, this project brings together individuals and groups who share a deep commitment to the community. At PACM, giving back to the community is not merely an option but an imperative that is deeply ingrained in our investment philosophy. Through our continued investment efforts and adherence to responsible investing practices, PACM strives to contribute to the betterment of society on a global scale.”

END