TR Capital Positions Firm to Capture Tremendous Growth Opportunity in Southeast Asia with New Singapore Office

TR Capital, the leading Asian secondary private equity firm, today announced the opening of its fifth office in the APAC region, and the firm’s Southeast Asia Headquarters, in Singapore.

Paul Robine, Founder and CEO of TR Capital, said, “We see huge potential in the secondary private equity market in Singapore, as well as the wider Southeast Asia (“SEA”) region, making Singapore a strong new location for TR Capital, in addition to our offices in Greater China and India. This combined with favourable policies designed to cement Singapore’s position as a financial hub, make it an obvious choice from which to create value for our investors.”

The Southeast Asia region presents significant opportunities for investors, with its fast-growing consumer trends, sought-after technology companies and lively start-up culture. The private equity market in Southeast Asia reached an all-time high of US$25 billion in deal value in 2021, more than double the 2020 figure(1) . Singapore led this growth in both the number of deals and their value, recording 104 deals worth a total of US$12.1 billion. In the coming years, SEA-focused private equity firms will look for exit opportunities to meet their liquidity needs. As a secondary investor, TR Capital will be well-positioned to capitalize on these market dynamics.

“At TR Capital, our strategy is centred around making investments in innovative and established leaders from the technology, consumer, and healthcare sectors. Our focus on secondaries comes at a critical time when many private equity firms are evaluating exiting assets, while institutional investors are also looking to rebalance their portfolios amidst an environment of highly volatile market conditions,” continued Mr. Robine. “Given our active investment style, we have always placed importance on having local offices on the ground run by strong local teams. We are incredibly proud to be the only secondary private equity firm to have five offices in Asia ex-Japan. The new office in Singapore perfectly positions us to capture emerging opportunities in Southeast Asia, which will complement our investments in China and India.”

TR Capital is led by Founder and CEO Paul Robine, and by Managing Partners Colin Sau and Frederic Azemard, with flagship offices in Hong Kong and Singapore, and additional offices and local teams in Shanghai, Shenzhen and Mumbai.

About TR Capital
TR Capital is a leader in secondary private equity investments in the Asia-Pacific region.

TR Capital focuses on providing liquidity solutions to owners of private equity assets through Secondary Direct (single asset) and Fund Restructuring (portfolio) transactions. The firm targets significant positions in established leaders in the Technology, Consumer and Healthcare sectors. TR Capital is an active investor and shareholder and works with its portfolio companies to optimize their business models and capital structures.

TR Capital currently manages four funds with capital commitments of over US$1.2 billion. The firm’s sophisticated investor base includes sovereign funds, pension funds, asset management firms, entrepreneurs, and family offices. Founded in 2007, TR Capital has subsequently closed 40 secondary investments and built a solid track record closing four funds since launch.

TR Capital’s 30 professionals are based in offices in Hong Kong, Singapore, Shanghai, Shenzhen and Mumbai.

(1) 2022 annual Southeast Asia Private Equity report by Bain & Company

For more information, please contact:
Artemis Associates
Diana Footitt, CEO
M: +852 9183 0667
E: diana.footitt@artemisassociates.com

Claire Wong, Managing Director
M: +65 8266 4213
E: clairew.wong@artemisassociates.com

Bowen Chui, Director
M: +852 9783 0643
E: bowen.chui@artemisassociates.com






Topic: Press release summary

Decisive Capital, Inc. Launches with No Bureaucracy, No BS Approach to Investing in Service and Emerging Tech Companies

 Founded by Britt Schwartz and Bob Dziewulski, Decisive Capital, Inc., is an equity investment firm that takes active ownership roles through investments in professional service and emerging tech companies. Its mission is to partner with owners who dare to double down on their visions and are ready to lean into scaling their organizations through sophisticated business practices while protecting their companies’ souls.

Created in December of 2021, while sitting at the Sierra Nevada Brewery in Fletcher, North Carolina, Decisive Capital is not another soulless corporate investment entity. Instead, its creation is a statement about its founders’ beliefs. Recognizing the prevailing wisdom founders draw from when scaling was born during the industrial revolution, Decisive Capital is deliberately different, but not for just being different. Now, high-growth businesses require fostering creativity, curiosity, and autonomy that is too often diminished or eradicated by archaic approaches.

Bob and Britt believe that high-profit business growth can be achieved authentically by being more human. And that authenticity in an organization is achieved by replacing mechanized and one-dimensional processes with progressive frameworks that exist solely to support results driven by human connection and individual autonomy.

With his master’s in public administration and management, bachelor’s in philosophy, and Juris doctorate, Bob is not only a licensed attorney, but he is also a principal member of over ten companies with roles ranging from back-of-the-napkin founder to equity and debt investor. He has also raised capital, enabled acquisitions, and made personal investments in those companies. Bob’s expertise spans multiple verticals, including technology, construction, law, and property investment.

“Our partnership is bonded by the shared belief that business should be conducted with greater authenticity. We enjoy questioning conventional wisdom or dismantling traditional structures, then taking creative approaches for practical business outcomes, ultimately resulting in bold and decisive organizational change,” says Bob, president of Decisive Capital.

“Individually, we have always bristled and sometimes rebelled in response to more traditional, authoritative corporate structures. Together, we strive to create work environments that value individuality, creativity, and a genuine sense of teamwork. Many leaders turn to lip service alone but fail to recognize that their management structure stifles curiosity and our innate desire to create value. We are committed to healthier work environments that improve business outcomes.”

Britt is the founder and CEO of BS+Co Consulting, Inc. BS+Co. has grown from a single-person operation to an 11-person marketing and business firm, sustaining triple-digit growth yearly. BS+Co. serves highly-regulated industries, including cybersecurity, high-tech, manufacturing, aviation, and DoD-adjacent technology.

“As excited as I am to see the growth of BS+Co., nothing is more satisfying than to witness others taking up the challenge to create a space that hasn’t existed before,” says Britt, CEO of Decisive Capital.

“Looking toward the future, I am excited to partner with founders like myself; I want to hear their goals and put the full force of Decisive Capital behind them to further their visions.”

With their shared belief that 3 A.M. is an entirely reasonable time to start your workday, radically opposing views on the cultural value of Ed Sheeran, unaligned opinions on the consumable bitterness of a beer, and, ultimately, their shared desire to create something different for the better, Britt and Bob are committed to removing the bureaucracy and BS that stands in the way of what business can be.

To learn more about becoming involved with Decisive Capital as either an investor or to apply to become a Decisive Company, visit decisivecap.co or contact Bob Dziewulski at bob@decisivecap.co.

About Decisive Capital, Inc.

Founded in 2021 by Britt Schwartz and Bob Dziewulski, Decisive Capital is an equity investment firm with offices in Knoxville and Manhattan. Britt and Bob, through Decisive Capital, take active equity positions within professional service and emerging technology companies offering the insights, strategies, and outcomes they’ve successfully driven for companies prior. They have requested that it be noted that they are not a hands-off PE or a demanding investment bank – instead, it is their deep desire to help owners realize the fullest potential of their visions.

Decisive Capital, Inc.

Britt Schwartz

865-279-5721

www.decisivecap.co

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Mesa West Capital Funds $49 MM Loan to Recap W. Palm Beach Apartment Community

Monteverde At Renaissance Park

Monteverde At Renaissance Park

NEW YORKAug. 30, 2022PRLog — Mesa West Capital has provided a joint venture of ESG Kullen and Angelo Gordon with $49.24 million in first mortgage debt for the recapitalization of a 219-unit multifamily property in Palm Beach County, FL.

The floating rate loan is secured by Monteverde at Renaissance Park located at 1625 Renaissance Commons Blvd. in Boynton Beach, less than 15 miles south of Downtown West Palm Beach. Built in 2006, originally as condominium, the 2.5-acre property offers a mix of one-, two- and three-bedroom apartment homes housed in three six-story buildings. The Property, which was 91.8 percent leased at closing, offers an attractive array of amenities, including a resort-style pool and jacuzzi, a fitness center, billiard room, outdoor grills, bicycle storage, a gated parking garage and an on-site property manager.

The Property is located in Boynton Beach within the Renaissance Commons master-planned community, which features dining, shopping, entertainment venues and various other retailers. Within a two-mile radius of the community there is more than two million square feet of retail, including Boynton Beach Mall, Renaissance Commons and multiple grocery-anchored centers.

Driven by the financial, medical and education sectors, Palm Beach County – the third most populous county in the state of Florida – has exceeded 16% population growth since 2010. The county has taken on the moniker of “Wall Street South” due to more than 2,400 financial services firms establishing offices there. Monteverde also benefits from its proximity to five major medical centers (Bethesda Memorial Hospital, JFK Medical Center, Delray Medical Center, Boca Raton Regional Hospital, and West Boca Medical Center) and four major education centers (Palm Beach Atlantic University, Palm Beach State College, Florida Atlantic University, and Lynn University), all within a 20-minute drive.

“Monteverde offers the sponsor an outstanding value-add opportunity in reimagining the common and amenity spaces to bring them in-line with market current standards,” said Mesa West Executive Director Russell Frahm, who led the New York City-based origination team along with Vice President Brian Hahn and Analyst Jacob Rosen. “In addition, the Property will benefit from strong multifamily demand drivers, including the continued Sun Belt migration, especially to no income tax states like Florida, and greater appeal of multifamily living in this higher interest rate economy.”

Mesa West Capital continues to invest in Palm Beach County, FL with over $310 million in loans originated in West Palm Beach, Delray Beach Boynton Beach and Jupiter in the past 24 months.

The financing was arranged by Michael Lupo, Principal at CCL Capital. Mesa West Capital was represented in the transaction by the legal team led by Mark Osher, Eric Steiglitz, and Zak Baron from Gibson, Dunn & Crutcher LLP.

About Mesa West Capital, LLC

Mesa West Capital (http://www.mesawestcapital.com) is a leading commercial real estate debt fund manager and portfolio lender.  With offices in Los Angeles, New York, Chicago and San Francisco, Mesa West has been one of the leading providers of commercial real estate debt since its founding in 2004. Mesa West provides non-recourse first mortgage loans for core/core-plus, value-added or transitional properties throughout the United States. Mesa West’s lending portfolio includes all major property types with loan sizes ranging from $20 million up to $400 million. Since inception, the firm has sourced and closed more than 400 transactions totaling over $26 billion.

Contact

Bruce Beck

DB&R Marketing Communications, Inc.

***@dbrpr.com

Spartan Capital: Society Pass (Nasdaq: SOPA) – SoPa’s Nusatrip Cleared for Take-off

Spartan Capital Securities LLC (“Spartan Capital”) issues Equity Research Report on Society Pass Inc. (Nasdaq: SOPA) (“SoPa”).

Click Here (on Society Pass website) to view the full Spartan Capital Equity Research Report. https://tinyurl.com/SpartanCapital-SOPA-25August

Summary Points:

– Society Pass recently closed on its acquisition of the Indonesian online travel site Nusatrip just as the Indonesian travel market is taking off with international travel up 525% year-to-date.

– The deal was signed at an event on July 1st and just closed on August 15th with SoPa paying $620,000. Spartan Capital attended the closing event, visited Nusatrip’s Jakarta offices, met with its founder and CEO, and met the president of the seller, PT Moratelindo in Jakarta. Moratelindo is a telecom juggernaut in Indonesia with strong government connections, but Nusatrip was not a core business. The two companies remain close, for example with Nusatrip utilizing Moratelindo data centres, so SoPa has gained a strong, valuable partner in the region.

– Nusatrip is the third largest online travel agency in Indonesia, after Traveloka, which is independent, and Tiket.com, which is owned by the Indonesian conglomerate Djarum Group. According to recent press accounts, both have considered capital markets transactions in the last year which would value each in the billions of dollars. So Nusatrip could well be worth more than SoPa paid.

– Indonesia is a democracy with the fourth largest population in the world. GDP growth is projected at around 5% this year and next and its rapidly growing young population is served by numerous ultra-low-cost carriers (ULCCs). In Spartan Capital experience, young emerging market adults tend to avail themselves of international travel as soon as they have some disposable income. The domestic market is huge as Indonesia is an archipelago consisting of 18,000 islands, so much travel is by air, not by car.

– Nusatrip was EBITDA positive and growing rapidly before the pandemic with positive EBITDA from 2014, its second year in business, to 2018.

– The Indonesian travel market is again booming with traffic up 92% over 2021 through the first six months of this year. Spartan Capital expects this rebound to continue as it began later than the US and European markets and traffic is only about half that of 2019, before the pandemic.

– So, in Spartan Capital’s view, SoPa has impeccable timing, buying a business that was loaded with debt incurred to cover operating costs during the pandemic but poised for rapid growth, and likely to return to profitability again soon.

– Spartan Capital identifies six relatively straightforward synergies between Nusatrip and the other SoPa business units which should drive revenue across the ecosystem, furthering the founder’s dream of creating the next billion-dollar Southeast Asia super-app.

1. Expand Nusatrip to the other four countries where SoPa operates.
2. Cross sell Gorilla travel eSIMs so Nusatrip international travel customers can use their phones abroad.
3. Leverage Thoughtful Media social media/influencer marketing to market the service.
4. Leflair, SoPa’s luxury goods flash sale app, is launching in Indonesia later this year.
5. Allow Nusatrip customers to earn points through the Society Pass loyalty program to purchase goods on any of the seven other SoPa businesses.
6. Allow customers of the other seven SoPa businesses to use their loyalty points for travel booked through Nusatrip.

About Society Pass Inc

As a digitally-focused loyalty and data marketing ecosystem in Vietnam, Indonesia, Philippines, Singapore and Thailand and with offices located in Angeles, Bangkok, Hanoi, Ho Chi Minh City, Jakarta, Manila, and Singapore, SoPa is an acquisition-focused e-commerce holding company operating 6 interconnected verticals (loyalty, lifestyle, F&B, telecoms, digital media, and travel), which seamlessly connects millions of registered consumers and hundreds of thousands of registered merchants/brands across multiple product and service categories throughout SEA.

SoPa’s business model focuses on analysing user data through its Society Pass loyalty platform and circulation of its universal loyalty points or Society Points. The Society Pass loyalty platform drives customer acquisition and increases customer retention for merchants. Since its inception, SoPa has amassed over 3.3 million registered consumers and over 205,000 registered merchants/brands onto its platform. It has invested 2+ years building proprietary IT architecture with cutting-edge components to effectively scale and support its consumers, merchants, and acquisitions.

Society Pass leverages technology to tailor a more personalised experience for customers in the purchase journey and to transform the entire retail value chain in SEA. SoPa operates Leflair.com, Vietnam’s leading lifestyle e-commerce platform, Pushkart.ph, a popular grocery delivery company in Philippines, Handycart.vn, a leading online restaurant delivery service based in Vietnam, Mangan, the leading local restaurant delivery service in Philippines, Gorilla Networks, a Singapore-based, web3-enabled mobile blockchain network operator, Thoughtful Media Group, a Bangkok-based, a social commerce-focused, premium digital video multi-platform network, and NusaTrip (“NusaTrip”), a leading Jakarta-based Online Travel Agency (“OTA”) in Indonesia and across SEA. For more information, please check out: http://thesocietypass.com/.

Media Contacts:
PRecious Communications
sopa@preciouscomms.com






Topic: Press release summary

Mesa West Capital Funds $140 MM Loan for Acquisition of Denver Apartment Community

Terracina Apartments Broomfield, Co

Terracina Apartments Broomfield, Co

LOS ANGELESAug. 23, 2022PRLog — Mesa West Capital has provided Sares Regis Group with $139.88 million in first mortgage debt for its acquisition and repositioning of a 386-unit multifamily property in Broomfield, CO.

The five-year, floating rate loan is secured by Terracina Apartments located at 13620 Via Varra Road in the Denver metro area. Built in 2010, the 16.5-acre community offers a variety of one- and two-bedroom apartment homes housed in four four-story residential buildings. The community features a wide range of amenities including a pool and hot tub, a clubhouse and fitness center, co-working lounge, dog park and pet wash, fire pit and grilling area, and outdoor games area.

A portion of the loan proceeds will help to fund the sponsor’s capital improvement plan that will feature upgrades to unit interiors as well as the renovation of the community’s common areas.

Terracina Apartments is well situated between Denver and Boulder, site of the state’s flagship university, the University of Colorado. Located close to U.S. 36 and rapid transit, the property draws from the Mile High City’s major growth and Boulder’s tech and life sciences sectors.

“Broomfield is uniquely positioned between Denver and Boulder, pulling from those major economic engines with more affordable housing options,” said Mesa West Capital Executive Director Josh Westerberg, who led the origination team out of the private lender’s San Francisco office.  “The area’s consistent annual rent growth is proof of that attractive market dynamic. The planned capital improvements for Terracina Apartments will add even more value to this property.”

Over the last decade, Broomfield has experienced tremendous growth, outperforming surrounding metro Denver cities. In particular, skilled millennials are drawn to its high quality of life and much lower housing costs, according to Westerberg. Terracina Apartments offers residents quick connections to Broomfield’s major employers, including Vail Resorts, VMware, OpenText, Crocs, Trimble and SCL Health. Also, Oracle leases more than 1 million square feet across six buildings in the city.

Terracina Apartments was 95.1 percent leased at closing.

The financing was arranged by Brian Torp, Managing Director in the Orange County office of Jones Lang LaSalle.

About Mesa West Capital, LLC

Mesa West Capital (http://www.mesawestcapital.com) is a leading commercial real estate debt fund manager and portfolio lender. With offices in Los Angeles, New York, Chicago and San Francisco, Mesa West has been one of the leading providers of commercial real estate debt since its founding in 2004. Mesa West provides non-recourse first mortgage loans for core/core-plus, value-added or transitional properties throughout the United States. Mesa West’s lending portfolio includes all major property types with loan sizes ranging from $20 million up to $400 million. Since inception, the firm has sourced and closed more than 400 transactions totaling over $26 billion.

Contact

Bruce Beck

DB&R Marketing Communications, Inc.

***@dbrpr.com