Singapore Exchange-listed New Silkroutes Group Ltd (NSG) is teaming up with New York-based CG Capital Partners LLC (CG Capital) 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 formed New Silkroutes Capital LLC, a joint-venture asset management firm that will invest in a portfolio of dollar, euro and RMB-denominated structured pro­ducts, which include equity-linked derivatives and equity-linked indices.

New Silkroutes Capital Pte Ltd owns 70 per cent of the New York-headquartered joint venture, while CG Capital owns the remaining 30 per cent.

Helmed by seasoned CG Capital partners with decades of Wall Street experience with major international investment banks, the joint venture will also raise and manage funds that can buy additional assets and enter into transactions to finance projects.

NSG, previously known as Digiland Inter­national Ltd, said the entry into fund management is part of a strategic shift for the Group following its exit from the SGX Watchlist in November 2014.

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.

It will also collaborate with banks and insurance companies in Europe and Asia to offer and launch private-label funds for distribution through established marketing networks in the key cities in which it operates.

Sean Rice, managing partner of CG Capital, will be the managing partner of New Silkroutes Capital in the Americas, while NSG CEO 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.”

Mr Rice has nearly 20 years of experience building and managing structured products and derivatives businesses.
As president of CG Capital Markets, he is responsible for business strategy and investment banking activities, as well as the origination, trading and distribution of all arranged capital markets products.

“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.

New Silkroutes Capital LLC’s principal place of business will be its midtown Manhattan location at 733 Third Avenue in New York, from where it will service non-US tax resident clients.

For further information, contact New Silkroutes Group Limited on E: ipr@newsilkroutes.org or

CG Capital Partners, LLC on E: inquiries@cgcapitalpartners.com

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