As various industries continue to gain traction from family offices, we continue to shine a light on the alternative wealth space by providing further analysis into the past investment history of these private wealth vehicles. By leveraging the FINTRX Buy-Side platform, which provides details into thousands of direct deal transactions made by nearly 3,000 family offices worldwide, we uncover three family offices investing in Asian-based technology companies.
1. Access Industries
Founded in 1986 by Len Blavatnik, Access Industries is a New York-based single family office and industrial group with offices in London and Moscow. The firm makes investments in commodities, venture capital, real estate and public equities. Sectors of interest include technology, entertainment, television, films, technology, media, telecommunications, natural resources and chemicals. The firm's venture capital arm, Access Technology Ventures, generally participates in later-stage rounds of funding to reputable and established companies. In January of 2019, the group made a direct investment in Haoqipei, a China-based technology company operating as an auto parts business-to-business trading platform. With $2B+ in investable assets, the VC arm remains incredibly active across the global technology landscape, with a primary focus on global technology in the United States, Europe and South America. Access Industries also invests across a wide range of public companies and notably holds significant stakes in LyondellBasell, Clal Industries and Calpine.
2. Echo Capital Group
Established in 2014, Echo Capital Group is a Santa Monica, CA-based single family office serving as the investment vehicle for David Merage and his family. Merage is the Co-Founder of Chef America, best known for producing a variety of frozen foods, including Hot Pockets. Echo Capital Group is a subsidiary of Consolidated Investment Group, which also manages investments on behalf of Merage and is listed on the FINTRX platform. The group seeks venture capital and private equity investments with an emphasis on technology, food & beverage, apparel and accessories, household care, beauty and retail services. In August of 2020, Echo made a direct investment in Yungongchang, a leading online manufacturing service provider with headquarters in Shenzhen, China. Echo Capital Group provides growth capital and seeks to retain preferred equity.
3. DNA Capital (Bueno Family Office)
Founded in 2013, DNA Capital is a Sao Paulo, Brazil-based single family office with an additional office in San Francisco, California. DNA Capital manages the wealth of the Bueno family - founders of AMIL, one of the largest health insurers in Brazil as well as a number of other healthcare companies. The group invests with a global mindset and mainly seeks multi-stage private equity and venture capital investments in healthcare companies, but considers all strategies on an opportunistic basis. For instance, in August of 2019, DNA Capital made a direct investment in The CareVoice, a leading Asian health insurance/tech company based in Shanghai. The group makes co-investments and can act as both the lead or non-lead investor.
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