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This company is spreading its wings wide (although I would hope they would be more original with their alternative/private investment companies) and have shown some results. More importantly, they have also demonstrated their OPMI friendliness by sharing part of the proceeds. And together with the construction boom, this company could be a very interesting investment candidate for the medium term when it decides to do more asset recycling down the road.
MINUTES OF THE EIGHTEENTH ANNUAL GENERAL MEETING
• Managed 2 PBSA Funds with AUM of A$1.7 billion in Australia, with 6,071 beds spread across 8 assets in 5 major cities, involving both institutional and retail investors.
• Fund 1: Seven operational assets of 5,662 beds across five cities in Australia. Exited Majority Stake on 1 April 2025.
• Fund 2: One operational asset with 409 beds in Sydney, Australia, with completion in February 2025.
• Following the disposal of Fund I, the Group will continue to manage Fund II.
• On track to establish our 3rd Fund for our new PBSA development in Adelaide in 2025.
• KK39 Ventures is the alternative investment arm of Wee Hur Holdings which invests in venture capital, private equity and private credit globally.
• As at 31 December 2024, the Group has deployed a total of S$33.48 million, representing approximately 5.1% of the Group’s Net Asset Value (“NAV”).
• In addition, we expanded our allocation to private credit strategies and funds, leveraging elevated interest rate environments to capture significant opportunities.
• In 2024, the Group began exploring the private equity ecosystem, focusing on low to mid-market funds with specialist strategies in Asia-Pacific, laying the groundwork for potential investments from 2025 onwards and reflecting our commitment to a diversified and sustainable portfolio. To support this initiative, KKX Capital Pte. Ltd. was established in 2025.
https://links.sgx.com/FileOpen/WHHMinute...eID=846925
MINUTES OF THE EIGHTEENTH ANNUAL GENERAL MEETING
• Managed 2 PBSA Funds with AUM of A$1.7 billion in Australia, with 6,071 beds spread across 8 assets in 5 major cities, involving both institutional and retail investors.
• Fund 1: Seven operational assets of 5,662 beds across five cities in Australia. Exited Majority Stake on 1 April 2025.
• Fund 2: One operational asset with 409 beds in Sydney, Australia, with completion in February 2025.
• Following the disposal of Fund I, the Group will continue to manage Fund II.
• On track to establish our 3rd Fund for our new PBSA development in Adelaide in 2025.
• KK39 Ventures is the alternative investment arm of Wee Hur Holdings which invests in venture capital, private equity and private credit globally.
• As at 31 December 2024, the Group has deployed a total of S$33.48 million, representing approximately 5.1% of the Group’s Net Asset Value (“NAV”).
• In addition, we expanded our allocation to private credit strategies and funds, leveraging elevated interest rate environments to capture significant opportunities.
• In 2024, the Group began exploring the private equity ecosystem, focusing on low to mid-market funds with specialist strategies in Asia-Pacific, laying the groundwork for potential investments from 2025 onwards and reflecting our commitment to a diversified and sustainable portfolio. To support this initiative, KKX Capital Pte. Ltd. was established in 2025.
https://links.sgx.com/FileOpen/WHHMinute...eID=846925