Asia's Leading Private Equity Real Estate Specialist
2007
Year of establishment
Pan-Asia
Offices in Singapore
and Hong Kong
(MAS and SFC licensed)
US$1b+
Completed and
ongoing investments
EXS is an experienced investment manager sponsoring private equity style investments into real estate businesses in partnership with expert management teams. EXS’ disciplined and contrarian approach achieves to outperform in Asia volatility vs. traditional PE/RE blind pool funds, with over 16-year track record of success on every investment. A prominent "Developer of Developers" since its inception, EXS expanded its focus into "Social Real Estate" five years ago.
Developer of Developers
EXS identifies opportunities characterized by the value disconnect between capital markets and the real economy. By partnering with management teams at the platform level, EXS supported several real estate developers in Asia and helped them scaled into internationally recognized organizations.
Social Real Estate
Over the past decade, highly innovative, Social Real Estate platforms such as co-working, co-living, student housing, niche hospitality and related sectors emerged across Asia and the world. Our latest strategy targets these sharing-economy, tech-enabled, community and experience-driven modern real estate platforms.
Overfunded and abandoned by VCs, EXS aims to take control of these businesses at a fraction of their former values and quickly turn them around by leveraging our real estate and operational expertise to be profitable, growing businesses while also capturing the real estate upside.
Our People
Founded and led by industry veteran Eric Solberg with 30+ years of entrepreneurial, private equity & real estate experience across Asia, our pedigree team comprises professionals from top-tier global investment banks, investment managers and Big Four accounting firms.
EXS employs a highly differentiated strategy and structure
Highly aligned with our investors, we invest our own capital first in every deal
PRINCIPLES
People & platforms, not just assets
Contrarian &
counter-cyclical
Skin in the game
Alignment & transparency
Investment structures for Asian volatility
Bigger, better exits
PLATFORMS
EXS built a strong track record of successful partnerships with both management teams and investors, with over US$1 billion of completed and ongoing investments across Asia
Our goal is to support and grow our portfolio companies to become global market leaders
SOCIAL REAL ESTATE
Social Real Estate businesses offer flexibility, convenience, community and experience at a lower occupancy cost,
fueled by sharing economy and technology, it attracts people with competitively priced base hospitality products.
As customers engage and socialize in groups, it upsells with ancillary services at premium for greater profit.
SRE is at a particularly opportunistic inflection point. Valuations are finally declining as investors realize these are
not tech businesses, ironically, despite strong continuing fundamental growth in underlying demand.
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Co-Working
Flexible offices with shorter-term leases and access to shared facilities
Co-Living
Affordable community-driven living with shared common spaces
Fitness & Wellness
Holistic solutions tailored to fitness and wellness
Niche Hospitality
Experience & tech-driven hospitality
Vacation Rental
Short-term accommodation to guests in a residence
Student Housing
Dedicated shared housing for students
ONGOING PROJECTS
Project Voyager
EXS is leading several rounds of investment into Mad Monkey, the largest hostel operator in Southeast Asia. The company adopts a community-led hospitality business model and provides customers with a differentiated experience in a highly fragmented market.
Project Harmony
EXS is leading the investments into the largest creative space provider globally with 730+ studios, offering independent artists and musicians studio space, equipment and tools to rehearse, create content and record high quality music, ultimately monetizing their talents and content.
PIRATE.COM
Project ZOEYI
EXS is sponsoring ZOEYI, an integrated fitness, nutrition and wellness community ecosystem with physical spaces and online presence across Asia. The business provides fitness and wellness consulting and coaching services.
DEVELOPER OF DEVELOPERS
A pioneer of investing into Asian real estate businesses and platforms, EXS’ “Developer of Developers” strategy supports premier
real estate investment and development teams to grow their pipeline and business through to public listings.
Contrarian in approach, EXS tends to invest in times of apparent crisis when value abounds, which in turn allows us to negotiate
strong downside protection, controls and rights as well as good upside potential. Having secured a great entry price and position,
EXS works closely with the expert management team to drive the investments to the best outcome.
REALIZED INVESTMENT
Project Lemongrass
EXS identified SonKim Land, a leading luxury real estate developer in Ho Chi Minh City, as a promising Vietnamese developer with strong potential and leadership in 2012. As one of the few institutional private equity real estate investors, the team led multiple rounds of investments totalling US$184 million into the company and fully realized all investments, marking a significant achievement for Lemongrass Master Fund I and strong returns for its investors.
![[low res] Front view of the Galleria fro](https://static.wixstatic.com/media/071f40_1a2fb402df814ed78c5c291fa720efb3~mv2.png/v1/fill/w_275,h_219,al_c,q_85,usm_0.66_1.00_0.01,enc_auto/%5Blow%20res%5D%20Front%20view%20of%20the%20Galleria%20fro.png)
TEAM
Multi-disciplinary team with broad experience across Asian markets, industries and investment strategies
Various members of EXS are licensed with the Monetary Authority of Singapore for Fund Management, the Hong Kong Securities & Futures Commission for Advising on Securities, Advising on Corporate Finance and Asset Management, the Hong Kong Estates Agents Authority for Real Estate Brokerage and registered with the Cayman Islands Monetary Authority.
ENTREPRENEURS
EXS seeks long-term partnerships with expert management teams to build companies of lasting value and create significant wealth for founders, management and investors
EXS looks for experienced partners, undervalued situations, and an aligned structure
EXS takes a long-term, multi-stage investment approach, partnering and working side-by-side with management teams to survive and thrive through volatile Asian business cycles
More than just capital; EXS typically also leads strategy, structuring, corporate finance, investor relations, legal, tax and value realization for management and partners, thus allowing them to better focus on operations to drive growth and profits to the benefit of all
ESG
Social Real Estate businesses are inherently ESG-friendly by their very nature
Responsible Investment
EXS has rigorous due diligence process, including ESG factor assessment. We endeavor to avoid material environmental, social or government risks in our investments
Sustainable Private Equity Real Estate
EXS's ongoing investments have strong dedication to ESG, and contribute significantly to their local communities.
We aim to minimize environmental impact throughout the real estate investment and operation cycle through our business partners and investee companies
LICENSES
MONETARY AUTHORITY OF SINGAPORE
EXS Capital Pte. Ltd. is licensed by the Monetary Authority of Singapore under the Securities and Futures Act to conduct Fund Management under the Capital Markets Services License
CAYMAN ISLANDS MONETARY AUTHORITY
EXS Capital Limited is registered with the Cayman Islands Monetary Authority as a Registered Person
EXS is licensed & authorized for business activities in its relevant jurisdictions
ESTATE AGENTS AUTHORITY
EXS Property Limited is licensed by the Hong Kong Estate Agents Authority
SECURITIES AND FUTURES COMMISSION
EXS Capital Asia Limited is licensed by the Hong Kong Securities & Futures Commission for Type 4 (Advising on Securities), Type 6 (Advising on Corporate Finance) and Type 9 (Asset Management)