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US Multifamily Specialist Opens First Regional Office in HK

CP Capital, a US multifamily specialist, has opened its first regional office in Hong Kong to raise capital from Asian private wealth investors for its latest $300 million multifamily fund. The Hong Kong office will be led by Murphy Mok and target family offices and high-net-worth individuals. CP Capital chose Hong Kong due to its strategic location, tax benefits, ease of doing business, and legal system. Many Asian private wealth investors are interested in multifamily investments to preserve capital and obtain consistent returns during high inflation and interest rates.

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Nichole Simblante
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110 views1 page

US Multifamily Specialist Opens First Regional Office in HK

CP Capital, a US multifamily specialist, has opened its first regional office in Hong Kong to raise capital from Asian private wealth investors for its latest $300 million multifamily fund. The Hong Kong office will be led by Murphy Mok and target family offices and high-net-worth individuals. CP Capital chose Hong Kong due to its strategic location, tax benefits, ease of doing business, and legal system. Many Asian private wealth investors are interested in multifamily investments to preserve capital and obtain consistent returns during high inflation and interest rates.

Uploaded by

Nichole Simblante
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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US multifamily specialist opens first regional office in HK


CP Capital is looking to garner capital from Asian private wealth investors for its latest $300m US multifamily fund.

Christie Ou - 3 hours ago

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US multifamily specialist CP Capital has picked Hong Kong to open its first office in Asia-Pacific as it looks to raise

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capital from the region’s private wealth investors.

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The office will operate under the brand CP Capital Advisory Asia, which runs in parallel with its parent company CP

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Capital US. The firm has hired Murphy Mok to be a vice-president based in the Hong Kong office, leading the capital

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raising activities in the region for the firm’s flagship funds and separately managed accounts. Prior to joining CP

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Capital, Mok worked at a listed Hong Kong real estate company and developer Rykadan Capital.

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The firm chose Hong Kong to be its first regional office due to its “strategic geographic location in Asia with a direct
link to mainland China,” according to Mok. He noted the city’s tax regime, ease of doing business, and legal system
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continue to make it attractive as a regional headquarters. “With the pandemic subsiding and all the borders having re-
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opened since early 2023, we see this as good timing to establish our footprint in this city to connect investors from the
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east to our offerings in the west.”


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The US multifamily manager will start by targeting regional family offices and high-net-worth individuals. During this
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high interest rate and high inflation environment, many Asian private wealth investors are looking at multifamily
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investments as way to help preserve their capital while providing a consistent risk-adjusted return, according to Mok.
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CP Capital manages $15.3 billion in assets, including $3.5 billion in separately managed accounts and $11.8 billion in
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funds. Since it was established in 1989, the firm has generated a net internal rate of return of 16 percent via 234 realized
investments. Currently, it is in the market with its latest fund, RECAP Multifamily Opportunity Fund IV. With a target
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of $300 million, the fund has garnered $217 million and acquired six multifamily development projects to date.
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