 | |
| Type | Private |
|---|---|
| Industry | Private Equity |
| Founded | 2011 |
| Headquarters | Singapore |
Key people | Richard Ong Charles Ong |
| AUM | US$15 billion (2023) [1] |
| Website | www |
RRJ Capital is a private equity firm based in Singapore. It is one of the largest private equity firms based in Asia. [2] [3]
RRJ Capital, founded in March 2011 by Richard Ong who is currently chairman and CEO. Ong was previously Co-head of Asia investment banking at Goldman Sachs. The name "RRJ" is named after his three children. His brother, Charles Ong joined RRJ Capital in 2012 and is currently co-CEO and co-chairman. Previously, Charles was the chief strategist of Singaporean sovereign wealth fund Temasek Holdings. [4] [5] [6] [7] [8]
The firm mainly invests in companies based in China and South-East Asia. Its investment industries include healthcare, financial institutions, technology, and logistics. [4] [5] [6] [7] [8]
In December 2023, it was reported that RRJ Capital would be aiming to raise $2 billion for its first private credit fund. [9]
| Fund [10] | Vintage Year | Committed Capital ($m) |
|---|---|---|
| RRJ Capital Master Fund I | 2011 | USD 2,300 |
| RRJ Capital Master Fund II | 2013 | USD 3,600 |
| RRJ Capital Real Estate Fund | 2014 | N/A |
| RRJ Capital Master Fund III | 2015 | USD 4,500 |
| RRJ Capital Master Fund IV | 2020 | USD 235 |
In 2013 and 2015, RRJ Capital invested in two Hong Kong-listed mainland real estate property stocks, Logan Property Holding and CIFI Holdings. [8]
In 2014, RRJ Capital was the only non-Chinese direct investor in the acquisition of 30% of Chinese oil company, Sinopec. [11]
In May 2014, RRJ Capital and Temasek Holdings invested $1.8 Billion in the NN Group before its initial public offering. [12]
In November 2014, RRJ Capital and Temasek Holdings purchased $1 billion of convertible notes issued by Houston-based Cheniere Energy Inc. [13]
In July 2018, RRJ Capita invested around $1.3 billion in companies owned by HNA Group. [14] By then RRJ had a minority stake in insurance company FWD Group, which was reportedly laying the groundwork for an IPO in 2018. [15]
In April 2019, RRJ Capital completed the acquisition of all outstanding shares in Gategroup from HNA Group. As a result, RRJ Capital became the sole shareholder and Temasek was invested in Gategroup through a mandatory exchangeable bond. [16] In September 2019, Temasek converted the mandatory exchangeable bond to acquire 50% stake in Gategroup, making Temasek and RRJ co-shareholders. [17]
In March 2021, RRJ Capital invested €450 million in Vodafone's Vantage Towers as part of its initial public offering. [18]
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