Category: Our Insights

April 24, 2026

Pacific Aegis Capital Management (PACM) is pleased to share that our Managing Director and Chief Investment Officer, Mr. Francis C.Y. Ng, spoke as a panelist at the KPMG Asset Management Summit held in Hong Kong on 16 April 2026.

Mr. Francis Ng joined a panel that included representatives from the Securities and Futures Commission and ChinaAMC (HK), sharing insights on the opportunities within alternative investments as well as emphasizing the importance of investor education and the necessary guardrails for sustainable, quality growth — including regulatory oversight, an institutional mindset, and supporting infrastructure.

During the discussion, Mr. Francis Ng highlighted the relative nascency of the Asia-Pacific private credit industry, reflecting, among other factors, the inherent challenges of operating in a range of different jurisdictions and regulations; the need for private credit managers to have specialized local knowledge of the markets in which they lend, and the importance of investor education, particularly in helping retail investors better understand the risks and attributes of different private credit investment products, both listed and unlisted.

This participation reflects PACM’s disciplined approach to contributing to industry dialogue on alternative investment strategies and underscores the firm’s ongoing commitment to thought leadership in real estate private credit and special situations investing across Asia.

Pacific Aegis Capital Management (“PACM”) is pleased to announce the closing of a senior secured facility in connection with a premium residential development located in Ting Kau, Hong Kong.

The short-term facility is secured by a first-ranking mortgage over a luxury residential houses complex at a conservative loan-to-value ratio. The proceeds will facilitate debt restructuring, refurbishment works and the provision of working capital to support the enhancement of the project’s market positioning.

This transaction underscores PACM’s disciplined approach to asset‑backed lending and commitment to providing structured financing solutions across the Asia real estate sector, supported by our strong institutional partnerships and local market knowledge.

Remarks:(a) The above information is provided for general information purposes only and does not constitute an offer, solicitation, or recommendation to acquire any investment products or to engage in any investment activities.(b) Interests in the fund(s) managed by PACM are made available only to “professional investors” as defined under the Securities and Futures Ordinance (Cap. 571) of Hong Kong and any rules made thereunder.

Second from right: Cheng Ko Pang, Managing Director, Co-Head of Investments, Pacific Aegis Capital Management

Pacific Aegis Capital Management was recently invited to participate in the “Win-Win: Optimizing Assets – 2025 Guandian Capital Roundtable” forum, hosted by Guandian. The forum convened prominent industry leaders and experts from institutions including CBRE, China Merchants Land, Natixis, and Bank of East Asia, alongside Pacific Aegis Capital Management, to discuss investment strategies and market opportunities amidst global economic volatility and a high-interest rate environment.

Cheng Ko Pang, Managing Director, Co-Head of Investments, Pacific Aegis Capital Management

Cheng Ko Pang, Managing Director, Co-Head of Investments of Pacific Aegis Capital Management, observed the scarcity of high-quality assets in the current environment of elevated interest rates and cyclical volatility. He advocated for a proactive approach, emphasizing the importance of identifying stable and high-growth markets globally. He specifically highlighted Japan and Australia as key markets of interest.

He cited population growth and adaptable policy environments as factors driving attention towards these markets. Furthermore, he noted that ongoing policy reforms in Australia are creating opportunities for transformation within the commercial real estate sector. He emphasized the necessity of considering comprehensive factors such as returns, taxation, and legal aspects in cross-border investments.

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.This facility is backed by a first mortgage on two upscale residential development projects in Los Angeles, highlighting PACM’s ongoing commitment to deploying capital globally beyond the Asia Pacific region.The transaction involves providing refinancing to a California-incorporated company with a strong track record of over a dozen real estate development projects across the United States. The primary assets securing the financing comprise the development of two luxury condominium buildings situated in Los Angeles’ prestigious residential neighbourhood, boasting a combined net leasable area (NLA) of approximately 48,000 square feet.Francis Ng, Managing Director and Chief Investment Officer of PACM, remarked, “We are thrilled to partake in this exceptional project in California. This transaction aligns with our ongoing strategy to expand internationally, strategically invest capital, and devise innovative private-credit solutions to enhance portfolio performance.”A&O Shearman served as PACM’s legal counsel for the project.– END –

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 and new investors on our first closing, with the fund size to be targeted at US$300 million to be fully fundraised by the end of the year. This overwhelming response exemplifies the confidence and recognition that investors have placed in PACM’s investment strategies and proven track record.The Fund’s primary objective is to achieve long-term capital appreciation through various investment strategies, including asset-backed direct lending, non-performing debt acquisition, acquisition financing, stretch senior financing, project financing, bridge financing, and other debt related investment strategies. The fund will focus on developed markets with a legal framework based on common law, specifically targeting regions such as Australia, Canada, Hong Kong, Singapore, the United Kingdom, and the United States.Mr. Francis Ng, Managing Director and Chief Investment Officer of PACM, expressed his gratitude to all investors, stating, “While the current market environment continues to post challenges on fundraising efforts to the industry, we are fortunate to have the continual support of our existing investors and at the same time able to attract new investors with our stellar track record. We firmly believe there are exceptional credit investment opportunities within the markets where PACM has established a solid presence since its inception in 2018. This Fund marks the launch of our second private credit fund, together with the two Real Estate Private Equity funds launched in 2023, making it the fourth fund launched within the PACM Group.Throughout the period of property market adjustments, our team has consistently demonstrated the ability to identify and execute new deals while effectively managing market risks with adaptability and flexibility. We embrace both the opportunities and challenges presented by the current real estate landscape, and we are confident that the Fund under the PACM Group will continue carrying on our excellent investment track record.”– END –

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 anniversary in 2023, and PACM is honoured to be part of its ongoing mission. The donation ceremony was attended by Miss Charmaine LEE Pui-Sze, JP, Director of the Social Welfare Department of the Hong Kong Government, who graced the occasion and provided valuable support.Miss Charmaine LEE Pui-Sze, JP, Director of the Social Welfare Department with The Nesbitt Centre and PACMThe Nesbitt Centre actively promotes a supportive community and provides valuable skills and opportunities to young adults with learning disabilities. As PACM strengthens its capital raising and deployment capabilities, responsible investing within a robust ESG framework remains a fundamental pillar of the company’s ethos. With its global real estate debt fund operating in six jurisdictions, PACM is steadfast in its commitment to sustaining and amplifying its social impact efforts worldwide.Mr. Francis Ng, Managing Director and Chief Investment Officer of PACM, said, “Just as our business helps companies navigate special situations, The Nesbitt Centre plays a similar role in supporting young adults with learning disabilities through challenging times and overcoming obstacles. PACM is continuing to donate 5% of the management fee to charities within the regions covered by the fund’s projects. With a commitment of HKD 1 million, we hope to enhance the capabilities of The Nesbitt Centre, enabling them to extend their much-needed aid to a greater number of individuals in need. PACM believes that social value and investment value are equally important, driving us to continuously explore opportunities for philanthropic contributions. We are happy to create meaningful change and support organizations that make a difference in the lives of vulnerable communities.”Mr. Francis Ng, Managing Director and Chief Investment Officer of PACM– END –

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, Minister of Foreign Affairs of Canada, Federal Members of Parliament Mr. Parm Bains of Steveston—Richmond East, and Mr. Wilson Miao of Richmond Centre. The event aimed to inspire young individuals to recognize their role in a rapidly changing world and encourage their participation in international relations and global politics.During the interactive Q&A session, approximately 50 young attendees and the speakers discussed global issues such as the Russo-Ukrainian conflict and the recent Israel-Palestine crisis. Minister Joly provided valuable insights into these topics and encouraged the youth to explore their potential impact on the global stage. The impassioned discussion amplified the voices of the youth to be heard by the Canadian Government and fostered community connections through open communication on both sides.The event aimed to inspire young individualsMr. Francis Ng, Managing Director and Chief Investment Officer of PACM, stated, “In a year filled with turbulent news that may leave youth feeling confused and insecure. The Youth Town Hall event helped young Canadians to gain a deeper understanding of global issues and their potential to shape the world and generated a ripple effect that extends far beyond the boundaries of the nation. We thank Minister Joly and all the speakers who served as influential figures, engaging with the youth and demonstrating their genuine care. We believe in the power of dialogue, guidance, and inspiration to foster a more equitable and peaceful future. Here at PACM and Porte Global, we will use every approach to empower youth to become active global citizens and catalysts for positive change.”Esteemed speakers with co-organizers PACM and Porte Global– END –

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.Mr. Tsz Chiu Guan, Managing Director and Chief Strategy Officer of PACM (left), Mr. Francis Ng, Managing Director and Chief Investment Officer of PACM (second from the left), Ms. Carol Lee, Chair of Vancouver Chinatown Foundation (middle), Mr. Franco Ng, Director of PACM (second from the right), and Mr. Nelson Lee, Director of PACM (right)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 –