Five local family offices will jointly launch a US$100 million fund on Thursday to capture the new business opportunities arising from the government’s newly launched Family Office 2.0 plan, aimed at attracting more wealthy international individuals to invest in Hong Kong.
Inspira is a closed-end fund focused on private credit and other stable-income projects. It targets affluent families, particularly those interested in applying for residency in the city through the Capital Investment Entrant Scheme (CIES), according to Cliff Ip Wang-hoi, a partner at Wings Capital, one of the five family offices establishing the fund.
“With the government’s announcement of the Family Office 2.0 plan to further promote [the sector] in Hong Kong over the next three years, we believe the business opportunities arising from the increasing investment demand from global wealthy families will be huge,” Ip said ahead of the launch.
“As we have been running family offices in Hong Kong for a long time, we understand the demands and concerns of other wealthy families. This is why we decided to launch a fund [aimed at] other family offices,” he said.
Family offices are entities created by affluent individuals or families to manage their investments, succession planning and philanthropic activities.
