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The sole navigator of an Asia Strategy within the Portuguese Fund Industry.
SINCE 2004
Founded in Singapore, delivering two decades of proven experience in global capital markets.
Our Story
Founded in Singapore in 2004, THERON CAPITAL GROUP delivers to clients and investors two decades of proven experience in global capital markets.
Our core management team has amassed an outstanding track record of international investment and successful exits across private equity funds, equity investment, capital markets listing and financing, and asset securitization (REITs).funds, and integrated asset management.
THERON CAPITAL ASSET MANAGEMENT, SCR, SA is the Group's core platform focused on private equity investment management. Officially approved and registered by the Portuguese Securities Market Commission (CMVM), it operates in full compliance and provides robust, professional investment management services to global high-net-worth clients and institutional investors.
The Sole Navigator of an Asia Strategy within the Portuguese Fund Industry.
The Sole Expert, All-in-One Portuguese Fund Platform Integrating Private Equity Investment, Global Capital Markets, Cross-Border M&A, and Senior Management Expertise at Listed Companies.
The Sole Dual-Dimensional Professional Think Tank dedicated to unifying multinational legal frameworks and international financial strategy for holistic advisory solutions.
> 15% Returns
The average Internal Rate of Return (IRR) for investment projects historically spearheaded by our core management team exceeds 15%, with capital returns on some projects reaching as high as 150%, fully demonstrating our exceptional performance and capacity for value realization.
Years Experience
Theron Capital's core management team comprises seasoned corporate finance professionals from HSBC Investment Bank, Hong Kong listed companies, and top-tier Chinese private equity firms, with an average of over 30 years of industry experience. This elite team, combining international investment banking pedigree with practical Asia capital market experience, leverages a global strategic vision and in-depth professional expertise to consistently generate sustainable, cycle-transcending value for our clients.
Cumulative Capital Deployment
Our team's cumulative track record in global capital deployment, spanning many years in the international capital markets, private credit, and M&A, exceeds €8.5 billion, demonstrating outstanding performance across economic cycles.
Business Landscape
Performance Record
08
New World Development Company Limited
A private equity real estate fund focused on China's gateway cities.
US$500 million
One of the pioneer funds in China's real estate market.
New World Development Company Limited
Issued pre-IPO convertible bonds in the Luxembourg market.
US$375 million
Awarded Best Equity Deal of the Year.
New World China Land
IPO listing plan for New World China Land on the Hong Kong Stock Exchange.
US$550 million
Successfully listed during the Asian Financial Crisis.
Chongqing Tiandi
Strategic disposal of 20% in a Chongqing development project.
RMB1.0 billion
Contributed RMB400 million profit to the IPO at that time.
Shui On Land
Issued pre-IPO preferred shares to international strategic investors.
US$400 million
Successfully raised capital during the SARS crisis.
Shui On Land
Issued pre-IPO bonds with equity warrants.
US$375 million
The first private bond placement by a mainland Chinese developer.
09
Shui On Land
Listed on the Hong Kong securities market.
US$877 million
The largest IPO of a private Chinese real estate company at the time.
Rui Hong New City
Strategic disposal of 25% in the Shanghai Rui Hong New City residential project.
RMB1.125 billion
Successfully raised the large relocation and resettlement funding required by the project.
Chongqing Tiandi
Formed a strategic partnership with Yonglingtong Capital and sold 25% of a Chongqing super high-rise project.
RMB1.021 billion
A complex offshore transaction structure, including asset separation and diversified equity design.
Shanghai Xintiandi
Introduced strategic partners by selling 49% of a Shanghai high-end residential project.
RMB363 million
Successfully introduced offshore equity investors for projects involving resettlement.
Wuhan Tiandi
Strategic disposal of 25% in the Wuhan Tiandi mixed-use development project.
RMB1.245 billion
Contributed RMB400 million profit to Shui On Land in that year.
Shanghai Xintiandi
Refinanced Shanghai Xintiandi through a cross-border banking syndicate.
RMB2.2 billion
Secured cross-border loans at 75% LTV after significant asset value enhancement.
10
CSC Group
With Shanghai as the core focus, invested in scarce high-quality real estate projects and scaled assets under management.
RMB8.8 billion
Completed integration of this asset package in only 11 months.
China Aoyuan
Through precise transaction structuring, made a key contribution to China Aoyuan achieving an 8.88 million sqm land reserve in that year.
Investment: RMB820 million
Successfully secured 2.7 million sqm of development land, valued at RMB5.6 billion at the time.
CSC Group
Acquired a prime North Bund Huangpu riverfront office tower project in Shanghai through leveraged investment.
Transaction Value: RMB2.34 billion
Completed the transaction in only 3 months.
China Aoyuan
IPO listing plan for China Aoyuan on the Hong Kong Stock Exchange.
Raised HKD3.6 billion
Roadshow to over 300 global professional institutions; achieved 198.66x oversubscription with over HKD73 billion frozen capital.
CSC Group
Invested in a North Bund apartment project in Shanghai through a trust structure.
Investment: RMB850 million
Investment return: ROE 60%; strategic portfolio investment with rapid exit via block trades then retail sell-down.
CSC Group
Acquired a Shanghai Wujiaochang office project through leveraged investment.
Transaction Value: RMB670 million
Investment return: ROE 120%; exited after a 12-month holding period.
Our Mission
We are dedicated to achieving a balance between prudent investment and regular income, pursuing attractive returns with capital preservation as our core strategy.
Prudent Positioning
We adhere to a systematic, phased investment strategy, leveraging deep market insight and seasoned execution capability to ensure capital is deployed judiciously at the opportune time. With deep roots in Asia and a strong foothold in Europe, we capture unique investment opportunities, precisely timing our moves to create long-term value while effectively managing macroeconomic and regulatory risks.
Attractive Returns
Our team's outstanding track record across global capital markets, private credit, and cross-border M&A enables us to design investment solutions with superior risk-adjusted returns. Blending the discipline of institutional-grade investment with the agility of an entrepreneurial approach, we excel at identifying high-potential opportunities, particularly in untapped markets such as Portugal, to generate alpha for our investors.
Capital Preservation as the Core
Protecting our investors' capital is our core philosophy. We comprehensively mitigate potential risks through stringent risk management, meticulous due diligence, and conservative use of leverage. Our fund structure, specifically tailored for Golden Visa investors, prioritizes long-term security and capital preservation while ensuring regulatory compliance.
Regular Income
We are committed to providing our investors with a stable, predictable cash flow and distributing income regularly. Whether relying on structured credit instruments or assets with resilient cash flows, our strategy aims to generate consistent returns while retaining the potential for capital appreciation, offering peace of mind to families seeking European residency and financial stability.
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Because we value your security, our selected funds portfolio are built towards enhancing expected results.