Singapore’s New Silkroutes Group forms JV with CG Capital Partners

Singapore Exchange-listed New Silkroutes Group Limited (NSG) will team up with New York-based CG Capital Partners LLC to offer fund management services, including sophisticated financial products and dedicated asset-class-specific funds, to Asian investors.

New Silkroutes Capital Pte. Ltd., NSG’s wholly owned Singapore-based investment arm, and CG Capital have formed New Silkroutes Capital LLC. New Silkroutes. owns 70% of the New York-headquartered joint venture, while CG Capital owns the remaining 30%.

New Silkroutes Capital LLC will target institutional and private wealth in Europe, the Middle East and North Africa, and Asia, particularly China. It will launch dedicated asset-management funds for specific verticals or asset classes, including energy/resource, healthcare, infocomm technology and real estate.

Mr. Sean K. Rice, Managing Partner of CG Capital, will be the Managing Partner of New Silkroutes Capital in the Americas, while NSG CEO Dr. Goh Jin Hian will chair New Silkroutes Capital LLC’s board of directors.

“We are honoured to be joining New Silkroutes Group in this new joint venture, which underscores our interest and commitment to Asia Pacific,” Mr. Rice said. “Asian investors not only have the appetite but are getting increasingly knowledgeable and keen to invest in more sophisticated structured products and a wider range of asset classes.”

“The joint venture is a major milestone for New Silkroutes Group’s business transformation. With experienced partners and access to global capital across key time zones, we are positioned to drive future growth of our business sustainably,” said Dr. Goh.

Both the New York and Singapore offices of New Silkroutes Capital will commence operations in March 2016. The international units are expected to roll out progressively in 2016 across the key gateway cities of London, Malta, Shanghai, Hong Kong, and Kuala Lumpur.