Target Information

Pacific Aegis Capital Management Group (PACM) is a prominent player in the real estate private credit investment sector based in Hong Kong. The company specializes in distressed investments and unique financial situations, particularly in developed markets. As a regulated entity under the Hong Kong Securities and Futures Commission (HKSFC), PACM possesses a Type 9 Asset Management license that enables it to operate within a stringent regulatory framework while pursuing lucrative investment opportunities.

In June 2023, PACM entered into a memorandum of understanding with Lai Wah Pawnshop to establish a fund focused on real estate private credit, with expected capital reaching up to $300 million. Lai Wah's CEO, Chan Kai Ho, stated that the new fund will also seek to diversify income streams, primarily derived from pawn loans and mortgage interest income.

Industry Overview

The private credit market has witnessed a significant rise in recent years, particularly following the global financial crisis and ensuing reforms in the banking sector. According to data provider Preqin, the global private cr