Transforming Ideas In The Global Space

Because We Dare to Succeed

First Reliance Capital Pte. Ltd. was established in 1999. We operated as an investment manager under the Securities and Futures (Licensing and Conduct of Business) Regulations of Singapore until late 2013.

Supported by established relationships with strategic global participants of the financial industry and selected stakeholders, both individuals and institutions, we decided to traverse new businessa directions in 2014.

Our core expertise continues in private equity, special situations and structured alternative investments. Our team seeks to create value through investments in competitively advantaged businesses and to target opportunities in the financial markets that de-correlate returns with risks. FRC is committed to meet the customised investment objectives of our stakeholders, and business partners.

Private Equity and Special Situations

We target a wide range of industries to act as provider of patient liquidity for effective mobilisation of capital flows. With innovative investment and management models, and close collaborations with management teams, we intend to uncover the potential of businesses specifically small and medium sized companies offering above- average capital growth, and have the ability to increase in value regardless of the wider economic backdrop. These are access to investment opportunities not usually made available to retail investors, including new issues and secondary fundraises.

Structured Products

Our primary strength and focus will be to engage in structured investment in the international market. The reverse inquiry methods of participation, and the corresponding risk controlled strategies, significantly minimises the risks associated with such trades..

Our investment strategy includes the combination of complex tactical trades in response to changes in economic events. These models of participation permit the flexibility to manage the risks on positions while optimising returns.

Alternative Investments

Alternatives are typically investments that aim to generate alpha through the use of a wide range of instruments not commonly available in traditional markets. They provide diversification and may enhance portfolios by improving returns. We invest in such alternative investments both directly or through third party fund managers, made available through our alliances with global financial market partners.

Our Stakeholders are sophisticated investors who :

Are investing in structured products, alternative investments, private equities through participation at various stages;

Require the resources to avail of an appropriate platform for executing trades in derivatives or to evaluate a broad set of growth capital investment and private equity opportunities; and/or

Seek asset allocation targeted towards growth companies, developing nations, event driven and special situation opportunities.

We can also efficiently build a portfolio of fast growing companies which complement one another in terms of geography, stage of investment, industry and risk profile. Furthermore, we can lead venture into multiple companies or technologies competing in and for the same market. This ability offers both the potential for growth as well as a realistic approach to risk reduction within the most attractive and rapidly changing sectors of the global economy.

Our guiding philosophy is to deliver on our promise to grow the asset value of our Stakeholders by uncompromising qualification of investments with relatively superior returns in a minimal risks environment. In other words, we ambitiously strive to confound the modern portfolio theory by de-correlating returns with risks.

Our partners are from a diverse group, and some are unique participants of the wealth management industry that operate in non-competitive markets with proprietary abilities to deliver “attractive returns with relatively low risks”. We wish to believe there are not many others like our team in the industry who are the exception rather than the norm.

We design solutions and find real answers for clients to realise their objectives. This function is possible since our bandwidth on specialisation is broad, while we manage and arrange everything from a single source.

We can also efficiently build a portfolio of fast growing companies which complement one another in terms of geography, stage of investment, industry and risk profile. Furthermore, we can lead venture into multiple companies or technologies competing in and for the same market. This ability offers both the potential for growth as well as a realistic approach to risk reduction within the most attractive and rapidly changing sectors of the global economy.

Gerard Kevin

Managing Director

Gerard Kevin has more than 23 years of collective experience in venture capital, private equity, investment management and advisory work. He started his career with a venture capital outfit where he eminently co-managed investments over USD 150 million in real estate and facilitated USD 350 million of private equity investments into technology businesses across Asia – this included the acquisition of a company in the United States of America which was later slated to be listed on the NASDAQ.

Gerard is the co-founder of First Reliance Capital Pte. Ltd. and has been an active member of the company since inception, and by 2004, he spearheaded and continued to manage the firm’s overall business in providing useful resources to a wealth of clientele specialising in a variety of projects in Asia.

Ramlan Ahmad

Executive Director

Ramlan Ahmad has more than 35 years of continuous experience in the financial industry, particularly in corporate finance advisory & fund management. His distinguished responsibilities include among others, acting as Chief Financial Officer of a public listed company, Head of Investment Departments at financial institutions and Consultant to a government linked company where he assisted in the evaluation of approximately USD 1 billion of investment portfolio. Since early 2010, Ramlan has been appointed as an independent consultant to a state government in Malaysia to assist in the development of its oil and gas strategy. Ramlan has been a member of the board of directors since 2010.

Michael Ng

Executive Director

Michael Ng has more than 18 years of experience in the financial industry, particularly in fund management and financial advisory. He started his career with a certified public accounting firm in Singapore and later joined the financial industry where among others, he was a product specialist with The Development Bank of Singapore. Additionally, Michael had also successfully run a business specialising in the distributions of branded consumer goods in Singapore. Michael has been a member of the board of directors since 2010.

Lim Hoe Chai

Independent Consultant

Lim Hoe Chai has more than 30 years of experience as a management consultant with specialisation in the area of operations and systems management. He has advised a comprehensive spectrum of companies, both private and publicly listed, in diverse industries ranging from financial to manufacturing, retail, shipping and property development. His multitudinous assignments and appointments included the role as a regional director of operations of a management consultancy company listed in the London Stock Exchange, and as management consultant to multifarious companies including Twin City Fan Companies Ltd, Philips Taiwan and China, Daihatsu Automotive Taiwan, The Airport Authority of Hong Kong, Diethelm Thailand, Sanyo Electric Malaysia, Thomson Consumer Electronics Indonesia and Natsteel Singapore. Notably, he was the operations and system consultant of The Plessey Company Plc where among others: (1) he designed the model for stewardship and configuration control for System X, the world’s first digital telecommunication project, (2) he was part of the team that received NATO security clearance Level 3 to evaluate the capability of the naval fleet against nuclear attacks, (3) he was part of a team to assess the critical systems of the space shuttle Adrianne for European Space Agency, and (4) he was part of the team to design oil platform for Conoco Inc. Hoe Chai has been a member of the board and an Independent Consultant since 2007.

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