INVESTING IN AND / OR ACQUIRING COMPANIES OF DIFFERENT STAGES
VENTURE
Monthly Revenues of >USD100k. Generally we like to invest into or acquire tech companies that have shown revenue traction, with at least 1 year of operating history.
PRIVATE EQUITY
We work with partners, to put together special vehicles to pursue investment or acquisition opportunities of businesses in later stages of their lives, typically with annual revenues of USD10m and up.
VENTURE
SINGLE FAMILY FUND
We do not take external capital, we manage capital for only one family and hence we are nimble in deal making and flexible in deal structures
ASIA FOCUSED
Our team is focused on businesses in Asia ideally within the tech space. We are generally sector agnostic, but prefer B2C businesses
SELECTIVE
We have a lean team so we are selective in the deals that we pursue. That means if we work with you, you have our full attention.
PRIVATE EQUITY
COLLABORATIVE APPROACH
We work with various debt and equity partners to put together competitive and compelling offers for potential deal counterparties
NO TWO DEALS ARE THE SAME
We are here to help you achieve your goals and because of our collaborative nature, we are able usually able to put together winning bids with flexible deal terms that suit your needs
GENERAL PREFERENCE FOR TRADITIONAL BUSINESS MODELS
We create value through integrating improved and optimized business processes into traditional business models and we work with you to build scale, and achieve liquidity in the long term
WHY US?
SPEED AND CLEAN
We don't waste your time and we don't throw curve balls. We are quick, we only do 1 deal at a time, and at most 5 deals a year.
STRONG TRACK RECORD
We're entrepreneurs first, having built multiple successful businesses ourselves. We have a strong track record in building businesses from scratch, to investing into new business, and acquiring good landmark assets. We work with our partners to protect their values.
PORTFOLIO
Who We Have Invested In / Acquired
SOUNDON
RPG
PAKTOR - EXITED
17LIVE
OMO
DAPP POCKET
CAPPUU
DEFISAFETY
CITADAO
OUR TEAM
EVIE ZHANG
Partner
Evie is a Partner based out of Shanghai.
In her early career, Evie served under large conglomerates like P&G, Singapore Telecommunications, DBS, etc. She first entered the venture capital world as an Investment Director for Vertex Venture, a fully owned VC fund of Temasek Holdings. There, she led investments in the new batch of unicorns in Southeast Asia, like Grab, Patsnap, Paktor (now 17Live). She then pursued a career in film as the first employee of Flagship Entertainment, a joint-venture between Warner Brothers and a Chinese media fund CMC Capital. She moved back to the venture capital world for three years after, as partner to a hard-tech RMB investment fund, Lantern Venture, investing in technology driven companies like Landscape (Chinese SpaceX), United Health (Chinese manufacturer of MRI & Pet-CT Scanning machines), etc.
Evie was educated in Singapore under a local scholarship before moving on to pursue an engineering degree at the University of Oxford with a full scholarship from Temasek Holdings.
JOSEPH PHUA
Partner
Joseph is a Partner based out of Taipei.
Joseph serves as Chairman of 17LIVE. Prior, as CEO of 17LIVE, Joseph led the merger of Paktor, the leading regional dating group, and 17 Media, the global leader in livestreaming entertainment. M17 Group (now known as 17LIVE) was officially established in 2017. Joseph co-founded Paktor in 2013 while completing his M.B.A., and served as CEO of Paktor from 2013 to 2017.
He previously held positions in the consulting and banking industries, at McKinsey & Company and Citigroup, and spent a few years in luxury retail with Da Vinci Asia, based in Shanghai and Beijing, China, from 2008 to 2011, where he oversaw nationwide operations for the company's fine watch and jewelry businesses.
Joseph holds an M.B.A. degree from the University of Chicago Booth School of Business and a Bachelor of Science in Finance from the Leonard N. Stern School of Business, New York University.
LEO CHENG
Venture Partner - Blockchain
Leo is a Venture Partner based out of Taipei.
Leo is the co-founder and project lead at C.R.E.A.M. Finance, and the Summoner of the Machi X DAO. Prior to Machi X, he founded Blockstate, a San Francisco-based blockchain advisory service. Before Blockstate, Leo served on the founding management team at Solano Labs, a cloud computing startup that was acquired by GE Digital.
Leo received his BA in Economics from UC Berkeley and an MBA from the University of Michigan. Leo is also an electronica DJ who performed in San Francisco, Los Angeles, and at Burning Man.
(Photo is Leo's Cryptopunk)
ANN LIN
Financial Controller
Ann is the fund's Financial Controller based out of Taipei.
Ann built the foundations of her financial expertise while spending 4 years at PWC where she spent her time focused on audit and financial review / IPO preparation for wide range of industries, including construction, IT, retail, software and technology. In addition, she also worked on designing, analyzing and performing tests of internal controls, across companies in China, Singapore, Malaysia and Taiwan.
Following her career at PWC, Ann took on a corporate role of Senior Financial Analyst at L'Oreal, where she contributed towards regional P&L management. Towards the later part of her time at L'Oreal, she was responsible for Digital Finance where she centralized control and optimization of all of L'Oreal's digital activities.
Ann received her MBA from National Chengchi University, and BSc. in Accounting from National Taipei University.
JOSHUA YEO
Investment Associate
Joshua is an Associate based out of Singapore.
Prior to joining Turn Capital, Joshua was an Associate at DBS Bank in Singapore, where he focused on acquisition, leverage and structured finance transactions in the TMT space. Previously, Joshua worked at KPMG in Corporate Finance in Singapore.
Joshua received a Bachelor’s degree in Accountancy, magna cum laude, from Singapore Management University.
ALAN PENG
Investment Associate - Alternative Assets
Alan is an Associate based out of Taipei. A crypto investment enthusiast, Alan is responsible for Turn Capital's alternative asset investment strategy.
Alan's early career included work at PwC as an audit analyst and market research analyst at Taishin Investment Advisory Firm.
In 2017, Alan saw the potential of blockchain and decided to pivot his career into the crypto universe. Prior to joining Turn Capital, he worked at crypto hedge fund Bincentive and Crypto.com exchange where he acquired trading and product development experience.
Alan graduated from the University of Illinois Urbana-Champaign with a B.A. in economics and Business in 2014.
CAREERS
We focus on 100% win rate across fewer portfolio companies, through hands-on operational approach. All roles require active operational work with portfolio companies. Join us if you're passionate about driving change.
This is an exciting opportunity to join one of the most unique investment houses in Asia. You will play an important role in leading the deployment of capital and managing of portfolio companies. Work with entrepreneurial leadership to hone your investment decision making skills, and operational expertise as you build one of the most exciting portfolios in the region.
Current Openings:
INVESTMENT DIRECTOR
You will Lead Investments and serve as an Operating Director for those investments, driving change in portfolio companies. 2 roles in 1, of which post investment operations is key.
Lead due diligence on companies and market research relevant sectors and industries
Lead investment analyses to support investment decisions
Lead preparation of investment documentation and business plans to support the investment process
Serve as operating director and drive change within portfolio companies throughout investment lifecycle
Identify, meet and screen new companies for potential investments
Develop relationships with the investment community (companies, entrepreneurs, investment funds etc.)
Bachelor’s/Master’s degree in Business/Finance or related field
2 to 5 years experience in operational role within an operating company, with at least 1 of those years with full management of P&L
3 to 5 years experience in a Venture Capital/Private Equity/Investment Bank/Management Consulting
Proficiency in financial modelling and building presentation decks
Ability to read / write / speak Chinese is a plus
INVESTMENT ASSOCIATE
You will Assist in Investment Making process, and work with investment director to drive change in portfolio companies as Operating Associate. 2 roles in 1, of which post investment operations is key.
Conduct due diligence on companies and market research relevant sectors and industries
Perform investment analyses to support investment decisions
Prepare investment documentation and business plans to support the investment process
Serve as operating associate and drive change within portfolio companies throughout investment lifecycle
Identify, meet and screen new companies for potential investments
Develop relationships with the investment community (companies, entrepreneurs, investment funds etc.)
Bachelor’s/Master’s degree in Business/Finance or related field
1 to 2 years of experience in operational role within an operating company
2 to 3 years experience in a Venture Capital/Private Equity/Investment Bank/Management Consulting
Proficiency in financial modelling and building presentation decks
Ability to read / write / speak Chinese is a plus
We work remotely and value independence.
Packages are negotiable.
Referral bonus: USD 10,000 per successful referral, after candidate is with firm for a quarter.
Reach out to us at careers@turncapital.io, let's chat.
