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“如果不是不動産投不了，因為這是我們的專長，整個投資團隊都是房地産或是基金公司出來的人組成。”
Los Angeles, CA — Pacific Aegis Capital Management Group (PACM), an independently owned real estate and asset-backed private credit investment manager, has successfully closed a US $22 million last-mile financing facility.
After all, it’s not hard to imagine people embracing private credit in a city with pawn shops seemingly in every corner. Ask Oi Wah Pawnshop Credit Holdings, which is teaming up with local asset manager PACM Group Holdings to raise a $300 million private credit fund.
Hong Kong-based Gaw Capital and Pacific Aegis Capital Management Group (PACM) are building a US$400 million war chest to tap lending opportunities backed by properties in the city as they embrace the unloved real estate sector after it was shunned by banks taking a negative economic view.
PACM Group (“PACM” or “Pacific Aegis Capital Management Group”), an investment management firm specializing in real estate private credit and equity investment, is delighted to announce the successful completion of the initial round of fundraising for PACM OW Global Special Situation Fund II L.P. (the “Fund“). The Fund has garnered significant interest from both existing […]
香港樓市積弱多時，衍生不少問題，其中企業在新冠疫情前所做的貸款陸續到期，偏偏遇上利息上升和物業估值大縮水，難以有效地「借新債冚舊債」。以私募放數為主業的柏衛資本管理董事總經理吳旨賢接受本報專訪時坦言，這情況在「重資產和重債務」的企業尤為嚴重，今年在市場看到的債務違約牽涉物業被接管個案按年上升一倍，由柏衛沒收的本地物業也有4、5個。可見在逆市之下銀行「落雨收遮」，造就了私募借貸的生意機遇。
PACM Group (Holdings) Limited (“PACM” or “Pacific Aegis Capital Management Group”) is pleased to announce a commitment of HKD 1 million to The Nesbitt Centre, a non-profit organization in Hong Kong dedicated to empowering young adults with learning disabilities through vocational education and social enterprises. This contribution comes as The Nesbitt Centre celebrates its 30th […]
柏衛資本管理有限公司 (「Pacific Aegis Capital Management Group; PACM」) 是一間受到證監會監管的房地產私人信貸投資管理公司。現時公司業務遍佈全球各地，包括香港、新加坡、澳洲、英國、美國和加拿大等地。
Private credit lenders are circling distressed property developers in Hong Kong, with a record $23.4 billion of bank loans coming due next year for the downtrodden sector.
顧名思義，房地產私募債的核心抵押品就是房屋或其他不動產。通過合理的按揭成數（loan-to-value ratio）及其他風險管理措施，私募債貸款人能夠在風險可控的情況下，收取目標回報。那麼，在債務違約的情況下，貸款人如何收回資金呢？就此，其中一個貸款人強而有力的工具就是委任接管人，因為接管抵押品給予貸款人相當大的自由度去處理抵押品以收回貸款。
Minister of Foreign Affairs of Canada Mélanie Joly (middle) On 10th November, the Youth Town Hall event, in collaboration with the Porte Impact Fund and the PACM Group (“PACM” or “Pacific Aegis Capital Management Group”), provided a unique platform for Canadian youth to engage in a townhall discussion with speakers the Honourable Ms. Mélanie Joly, […]
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 […]
從事房地產私募信貸投資的柏衛資本董事總經理兼首席投資總監吳旨賢接受本報訪問時稱，面對當前息口正在上升，對私募信貸投資的需求增加之餘，亦帶動了公司的不良資產貸款融資(Non-Performing Loan Financing)的業務表現。
在整體香港物業市場動蕩期間，私募債或私募信貸（Private Debt/Private Credit）或成為投資者關注的另類投資產品之一。私募債是指由非傳統金融機構（如私募基金和對沖基金）向中小型企業或沒有信貸評級的企業所提供的直接貸款。對於需要融資的借款人而言，私募債提供了一種除了向銀行或資本市場之外的代替方案。私募債通常提供較高的固定收益、短期限和較低風險的投資選擇，因此吸引投資人的關注。此外，私募債的風險監測相對於股權投資更簡單，包括信用風險、流動性風險等，故資產管理投資人更容易進行風險評估，而能更有效的做出投資組合的風險分散。
靄華押業信貸（01319）紮根香港近半世紀，最初只有幾位伙計，專注典當業務，其後開拓樓宇按揭市場，生意愈做愈大，並於2013年上市，奠定行內龍頭地位。雖然靄華押業生意早已上軌道，但近期與柏衛資本（PACM）合組基金，開拓國際房地產私募信貸業務，明言目標投資回報率至少12%。事實上，過去兩年股債市場表現未如理想，私募信貸已成市場新寵。靄華押業主席、行政總裁兼執行董事陳啟豪說，籌組基金旨在尋求海外擴張機會，致力增加集團收入來源。
提及加息，大眾往往着眼對樓市買家的影響，由供樓負擔比率上升到收租回報率變負數。但事實上，加息對於發展商、賣方的影響甚至更大。由於地產發展的投入資金龐大，而且項目周期往往長達4至5年，些微的息口改變對於整個周期的發展成本影響可以相當大。據統計，2022年香港樓價跌約15%，在長期的利息高漲下地產行業舉步艱難，以現時融資成本4至5厘的水平，按照5至6年發展時間累計，已經是2至3成的利息成本。當新盤因為市場環境而遲遲未能推出，銷售周期每多一年，利息成本就隨之增加，即使樓盤最終仍然能夠以理想價錢售出，但其中利潤卻會被利息成本所蝕食。
Pacific Aegis Capital Management Group (“PACM”) has successfully navigated a complex financial transaction spanning across three nations – Canada, the United Kingdom, and Hong Kong, China. This deal involved secured financing of HKD 210M across five assets, collectively worth HKD1.6B. Our primary security in this transaction was a senior mortgage. On August 9th, 2023, PACM […]
靄華押業信貸（1319）與柏衛資本日前宣布籌組投資基金，投資於發達市場的房地產資產作擔保的私募信貸產品，預期基金規模最高達三億美元，基金回報率則達雙位數，獲不少家族辦公室、機構投資者支持，以分散投資組合的風險。
Pacific Aegis Capital Management (PACM), a Hong Kong-based asset manager focused on real estate private credit, hopes its nimbleness and athleticism will help it beat the competition when it comes to tapping Asia’s lucrative wealth markets.
PACM Group (Holdings) Limited (“PACM” or “Pacific Aegis Capital Management Group”) is pleased to announce its co-sponsorship of Cars and Hoops Charity Festival 2023, the largest supercar show and charity basketball event in Vancouver, British Columbia, Canada. With the Vancouver representative office recently setup, PACM is actively engages in efforts for the benefit of the […]
靄華押業信貸（1319）與柏衛資本合作拓展國際房地產私募信貸機構投資管理業務，擬籌組3億美元基金，投資有本地及海外房地產資產作擔保的私募信貸產品。靄華主席兼行政總裁陳啟豪認為，不少投資者在過往2年買入內房債券及股票而「損手」，而房地產抵押基金可為客戶帶來利息收入，相對較穩定及有定期回報，相信在未來1至2年會受歡迎，並指目前是集資的好時機。
柏衛資本集團早前與靄華押業信貸（01319）訂備忘錄，共同拓展國際房地產私募信貸業務。雙方將主攻每宗金額介乎3,000萬至5,000萬元的中端私貸市場，除瞄準直接借貸，也會考慮不良債權收購、收購融資、優先級融資等業務，目標投資回報率至少達12%。
6月上旬，香港上市公司靄華押業主席、行政總裁兼執行董事陳啟豪旋風來台，他與PACM柏衛資本集團董事總經理、首席投資總監吳旨賢在三天內密集地拜訪了10多家金融機構。
靄華押業（1319）近期落實與柏衛資本管理，達成戰略合作的諒解備忘錄，擬籌組總值3億美元（23.4億港元）的基金。靄華押業主席兼行政總裁陳啟豪表示，集團和柏衛將分別出資1000萬美元，並視乎情况加碼投資。柏衛資本管理董事總經理兼首席投資總監吳旨賢補充，該基金至今募資逾1億美元，到今年底時完成募資，參與的香港及普通法地區的一按項目，會各佔一半比重。
靄華押業（01319）與柏衛資本（PACM）於6月宣布攜手合作，籌組一隻金額最多3億美元（約23.4億港元）的投資基金，並專注於房地產私募信貸（real estate private credit）業務，預計7月底開始運作。
Hong Kong-based asset manager PACM Group Holdings Ltd. and local financier Oi Wah Pawnshop Credit Holdings Ltd. plan to launch a private credit fund together with a focus on real estate, as more players expand into direct lending in the Asian financial hub.
The board of directors of Oi Wah Pawnshop Credit Holdings Limited (HKEx stock code: 1319.HK, the “Group” or “Oi Wah”) and PACM Group (Holdings) Limited (“PACM Group”) jointly announced that the two companies have entered into a memorandum of understanding (the “MOU”) yesterday, in relation to the formation of a strategic partnership to carry out […]
息口攀升及樓市調整，加上疫情下部分業主周轉不靈急謀短錢還債，不少偏好舊經濟板塊的投資者藉「放債」圖利，地產資產管理公司柏衞資本管理，主要向客戶提供有抵押短期融資，旗下基金獲不少家族辦公室追捧，董事總經理及首席投資總監吳旨賢稱，息口走勢見頂、處於5厘至6厘水平，對旗下基金有正面作用，投資項目時收取的年利率可按12厘或港元拆息加9厘計，而且投資機會有所增加。
Pacific Aegis Capital Management Group (“PACM”) is delighted to announce the successful restructuring of a non-performing loan portfolio, which was acquired from China Construction Bank (Asia) Limited (“CCBA”) in December 2022. PACM’s team of skilled investment professionals collaborated closely with the borrowers, effectively transforming the non-performing loan into a valuable asset. The structured loan now […]
2023年，柏衞資本作為專業的房地產私人信貸投資管理公司，在逆市中始終專注於房地產私募債，為投資者帶來穩健回報。回顧2022年全球各類資產收益，是繼2008年全球經濟危機後跌幅最大的一年，受到全球主要經濟體高通脹引發的貨幣緊縮政策及悲觀經濟預期的影響，美國、歐洲、日本、 韓國等主要經濟體及香港地區的股指均出現了大幅下跌，而中國市場也由於強預期弱現實使得整個A股指數增長乏力。然而房地產作為一種長期的投資工具，擁有較強的實際使用價值和生產價值，能夠更好地抵禦市場風險。其中作為以房地產為主要抵押資產的房地產私募債，因與傳統金融市場（如股票和債券市場）的相關性較低，投資者可以通過配置相關資產從而分散投資風險，還能夠提供相對股票和債券投資更高的利息收益。
PACM announces the closure of its first senior secured debt in Australia on May 4th, 2023, with a facility amount of HKD 150 million (the “Facility”) to an Australian Company. The facility is secured by a first lien mortgage against an apartment building located in a prime location in Melbourne, Australia (the “Property”), and together […]
Pacific Aegis Capital Management Group (PACM), a Hong Kong-based real estate private credit investment management firm, is in the process of raising its second special situations fund to invest up to $300 million in opportunities across developed markets.
近年環球經濟甚為動盪，先後出現中美貿易戰、新冠疫情爆發、俄烏戰爭，引起全球糧食、能源、供應鏈乃至資金危機。財富投資與管理難度大增。市場關注另類投資，早前新興投資如NFT及加密貨幣等，卻因加密貨幣風暴令一眾投資者損手。不少高端專業投資者開始著眼回歸傳統投資產品，要求度身訂造產品，例如投資私募債及房地產信貸等，協助其捕捉增值潛力、作為減低波幅及分散風險的有效工具。
Pacific Aegis Capital Management Group today announced the appointment of Mr. Kenneth Li as Managing Director – Head of Investment – Private Equity at Pacific Aegis Capital Management Group, with effect from April 1, 2023. Mr. Li will be based in Hong Kong and will be responsible for spearheading our investment activities on the Real […]
PACM has acquired a Non-Performing Loan portfolio from China Construction Bank (Asia) Limited (“CCBA”) secured by luxury residential unit and car parking spaces located in Tai Tam, Hong Kong Island, Hong Kong.
Pacific Aegis Capital Management Group today announced the appointment of Mr. Tok Li as Managing Director – Head of Legal at Pacific Aegis Capital Management Group, with effect from November 1, 2022. Mr. Li will be based in Hong Kong. Mr. Li was a counsel at international law firm Bird & Bird. During his seven-plus […]
PACM has provided a cross-border HKD 110 million loan facility to a Canadian company. The loan facility is secured by mortgages on a residential asset located in Vancouver BC, Canada, and another residential asset in Southern District in Hong Kong. Proceeds are used to repay the existing indebtedness and expenses associated with the facility.
Pacific Aegis Capital Management Group today announced the appointment of Ms. CHAN Hoi Shan Karen as Director – Head of Finance and Operations at Pacific Aegis Capital Management Group, with effect from 1 September 2022. Ms. Chan will be based in Hong Kong. Ms Chan will be responsible for overseeing Finance and Operations department at […]
Pacific Aegis Capital Management Group today announced the appointment of Mr. Lau Tak Wa Antony as Managing Director – Head of Origination and Capital Management (ex-Korea) at Pacific Aegis Capital Management Group, with effect from June 20, 2022. Mr. Lau will be based in Hong Kong.
PACM has provided a HKD 230 million senior secured financing facility to a company listed on the Hong Kong Stock Exchange. The financing facility is secured by an en-bloc industrial building with an approved waiver granted by the Lands Department to convert into a commercial building located in Kowloon, Hong Kong. Proceeds are used to finance general working capital and repay the existing indebtedness.
Pacific Aegis Capital Management Group today announced the appointment of Mr. Cheng Ko Pang Biff as Managing Director – Head of Investments (ex-Australia) at Pacific Aegis Capital Management Group, with effect from February 7, 2022. Mr. Cheng will be based in Hong Kong.
PACM has acquired a HKD 371 million non-performing loan from a local Hong Kong financial institution. The loan is secured by an en-bloc residential building located in Kowloon, Hong Kong currently owned by a Chinese property developer listed on the Hong Kong Stock Exchange.
Pacific Aegis Capital Management (IM) Limited, an affiliate of the Pacific Aegis Capital Management Group, has been officially granted the Type 9 (Asset Management) License by the Hong Kong Securities and Futures Commission (SFC).
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