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ACSEAN Capital
Our Partners
We seek synergistic, value-adding relationships with key partners and stakeholders in the emerging technology space. These may include early and growth stage technology companies, professional networks, industry specialists, financial institutions, investment advisers, management consultants, and technical experts in this space.
Company Overview
ACSEAN Group ("Acsean") is a Singapore-based group established to seek out investment opportunity in the upcoming wave of advanced technology, especially in the Semiconductor and AI sectors. Formed under the umbrella of ACSEAN Capital ("Acsean") as the holding company, Acsean aims to become a major investor in start-up and growth companies at various stages of pre-initial public offering levels, in the tech sector by leveraging strategic partnerships, extensive networks, and deep industry expertise.
We operate as a sub-fund of the Asian Portfolio Specialists Funds VCC, which is managed by APS Asset Management Pte. Ltd. We aim to achieve our investment objective by primarily investing in a portfolio of private equities that provides attractive risk-adjusted return potential, including making direct equity investments in privately operating companies, where such investments are typically made through privately negotiated transactions.
APS Asset Management is licensed and regulated by the Monetary Authority of Singapore, the nation’s central bank and integrated financial regulator. APS has operated as a fund manager with a capital markets services (CMS) license since 1995.
Background of ACSEAN CAPITAL
Acsean is a private fund managed by APS Asset Management Pte Ltd ("APS"), an asset management company licensed by the Monetary Authority of Singapore with over 30 years of track record founded by Mr. Wong Kok Hoi. APS manages assets for investors under Acsean, founded by Mr. Wong Kok Hoi and Dr. Wong Kien Keong. Together, they bring over 80 years of experience in building businesses, including successful asset management and legal firms from the ground up.
WHAT WE BRING
- Extensive Networks: Acsean possesses strong political and business relationships, along with professional and regulatory access in every ASEAN country.
- Industry Expertise: Deep understanding of the tech industry's dynamics, consumer preferences, and cultural factors in each market.
- Focus: Acsean focuses on promising technology companies, using its financial resources, and decades of financial and legal expertise to empower them to expand their markets and market share.
- Multilingual Teams: Staff proficient in multiple languages, including bilingual and trilingual capabilities.
- China Collaboration: A dedicated China team to work closely with Chinese tech partners, and global tech partners looking to expand into the Chinese market.
- Experienced Leadership: Founders with over 80 years of combined experience in investment, management, and legal expertise.
Investment Principles
We invest in companies that deeply understand their markets as well as their products, technology and services, and have go-to-market strategies.
We also invest in founders. A business idea on its own is not enough. We look for a sound business plan that accompanies the idea, and the X-factor to lead a team that will execute it well.
Team
WONG KOK HOI
FOUNDER & CHAIRMAN

Mr. Wong Kok Hoi is the Founder, Executive Chairman and Chief Strategist of APS Asset Management Pte Ltd (APS). With 44 years of investing experience in Asia Pacific equity markets, he established ACSEAN Capital to invest in startups in the Southeast Asia/China region.
Mr. Wong served as a Senior Investment Officer in the Asia Pacific Equities Department at GIC from 1981 to 1985. He held the position of Chief Investment Officer at Cititrust and Banking Corporation, Japan, from 1986 to 1990. He also worked as a consultant to the Monetary Authority of Singapore from 1990 to 1991. During this period, he played a key role in helping the National University of Singapore establish Singapore's first endowment fund and served on its inaugural Endowment Investment Committee. As a Japan Monbusho scholar, he earned his Bachelor of Commerce (Honours) degree from Hitotsubashi University. Additionally, he attended Harvard University's Investment Appraisal and Management Program and is a CFA charter holder.
WONG KIEN KEONG
DIRECTOR & CO-CHAIRMAN

Dr. Wong Kien Keong is a highly accomplished professional with a diverse background in engineering, law, and corporate leadership. He holds degrees from MIT, Oxford, and Imperial College London and was a British Commonwealth Universities scholar for his PhD. He is qualified as a barrister in England & Wales, as well as an advocate in Singapore and Malaysia. He began his career as an engineer and academic before transitioning to law, practicing for nearly 30 years as a litigator and later as a corporate and tax lawyer.
Dr. Wong founded two law firms, Wong & Leow (Singapore) and Wong & Partners (Malaysia), which are part of Baker McKenzie International (BMI). He played key roles in BMI’s global strategic planning, Asia-Pacific leadership, and the development of its Venture Capital and Private Equity practice. Beyond law, he has invested in startups and mentored entrepreneurs.
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ACSEAN Capital does not accept and act on orders or instructions sent by e-mail.
ACSEAN Capital is a sub-fund of the Asian Portfolio Specialists Funds VCC, which is managed by APS Asset Management Pte. Ltd.
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