Heritage Group
In view of current global economic uncertainty, Heritage Funds LPF is driven by our purpose as one-of-a-kind to focus on Barter Trade Contract (BTC) by solving big problems to shape a better project financing solution for mutual trade benefit.
Heritage Funds LPF is well known as rigorous, disciplined, thematic and innovative funds for implementing our government-to-government projects on-time, and within budget.
It is a trustworthy and compliant gateway to project financing.
Our project financing key differentiator, likes an everlasting tangible diamond!
Our focus on Hong Kong regulatory compliance in asset management, it is a reflection of the dedication to our government-to-government projects in hand.
We adapt the strategies, operation and investment approaches for our government-to-government projects to cope with the challenges and capture the opportunities amid the current global turbulence.
Our key strengths have lied in its strategic partnerships with Chinese networks for China money for its project owners / employers / project holders.
Heritage group together with its Heritage Funds LPF (Limited Partnership Fund), is based in Hong Kong acting as a bridge by leveraging Hong Kong’s status as an international financial center.
As a preeminent & giant project financier with extensive China money fundraising ability, we work together with Chinese state-owned companies, Chinese funds, Sinosure, Chinese policy banks for our governmental project implementations.
Our proprietary network of distinguished relationships and certainty of capital, and the benefits of our project financing structural model, which marries third party capital with our own capital, it makes us uniquely positioned to access several pools of substantial capital from China and within Asia.
Heritage group started in 2012, since then, it has gone on to establish itself as a credible, high conviction and value-adding investor together with China money from its Chinese co-investors to the government-to-government projects, and it has grown successfully already. Its success story has been based on our proven skills, our expertise, and our entrepreneurial attitude, directly supported by our strong China DNA and its network of connections in today China’s economic dynamic environment.
Today, we have a pragmatic & firm focus on networking with the top governmental leadership. We strive to provide our best-in-breed partners / project owners / employers / project holders for a better and smart a-z solution of fundraising, financing, execution, and completion of our government-to-government (G-to-G) projects. The objective is to ensure it has done on-time, and within budget by our differentiated approach to G-to-G projects.
We only do this one thing. In pursuit of this, and in doing so, we are energized to take a very hands-on and extensive in our on-the-ground and thoughtful approach. We have established ourselves as the leader in what we do in project financing. We pride consistently ourselves for the diligent work ethic with proven results and a solid track record with over ten years at the heart of government-to-government projects. We have developed unique expertise in what we do it best.
We solely stay true to our such core principle, we always do it. Therefore, success doesn’t happen by accident. For us this path has not been a linear one. It is riddled with in an upward spiral from uncertainty, lag, angry, bitter, pessimistic, resentful, rejection, exhaustion, to optimistic, pride, elation and glorified. Now, we have a proven methodology for achieving enduring excellent results based on three criterion to add genuine value: China money financing & its connection network, project implementation know-how technology, and a very good brain.
In all our endeavours, our word is our bond and promise, we keep it, we live up what we commit, at our heart only has one thing: our mandate is very clear with adherence to our highest standards of integrity at the heart of everything we do:
Our value prop & strategy are always this action: we only persevere, systematically focusing on government-to-government projects to create the greatest value possible. This is matter what Heritage Funds LPF always does!
Himalayas inspiration from climb to climb to the top of mountain, it has been always in our ethos and DNA, it is what makes us evolving into more great champion. It leads to a pillar for our project financing portfolio accumulatively reaching to US$1 billion and Euro5 billion in February 2023.
Our motivation is empowered by a full excitement of working with the most distinct governmental top leadership networks. It is always with tomorrow in mind.
impactful and leading cross investment partner
Heritage Funds LPF is approved and regulated by the Limited Partnership Fund Ordinance (Cap. 637) of Hong Kong (registration number: 72665155), and its activity is led by one of its General Partners Lee Kwok Wan, who works in compliance with the SFC type 9 (asset management) license regulated by Hong Kong Securities and Futures Commission (SFC) under the registration CE number: AZL662.
Heritage Funds LPF has a trusted Chinese platform. We enter into a series of the appropriate valuable long-term oil & LNG off-take agreement, that enables us leverage and exchange the oil & LNG order-intake agreement with Heritage Funds LPF. The objective is to secure the project financing for the smooth project implementation. This model works well with Chinese state-owned companies & its financial institutions and investors, as well with the project owners / employers / holders.
We consolidate our own resources and China capital as the strategic financial partners. The objective is dedicated to be investing up to 25% of equity with EPC contracts for Chinese state-owned companies to carry out the project implementation.
We have pioneer and developed our approach to optimise innovation making it a more attractive way for more impetus to invest alongside China capital into our portfolio projects. We always take a direct role in managing our assets through direct investment and a fund-of-fund activity.
In summary, Heritage Funds LPF has been viewed as a trustworthy, reliable and well-respected Chinese DNA counterparty for government-to-government projects. We believe that our reputation and ability to execute the projects with China money for the project owners / employers / holders, it offers powerful competitive and strategic advantages.
Government to government projects
Based in Hong Kong, Heritage group with its Heritage Funds LPF, we pride ourselves on being a Chinese private equity firm with truly both China and the international reach. Together with Chinese state-owned companies, policy banks, and Sinosure, it has demonstrated an unparalleled, developmental, evolutional, operational and financial expertise in government-to-government projects by way of origination, execution, underwriting, and financing.
bridge – Super connectivity
Since the inception of Heritage group in 2012 in Hong Kong, it accesses and leverages its top leadership network relationship between GCC countries and China. Heritage group prides itself on being one of prized private equity firms. Together with Heritage Funds LPF “hands on” focus, it always serves as a ‘bridge’ on behalf of both governmental Chinese and private investors and project owners / employers / holders.
Key Differentiator focus
Our proven ability over the last 10-year in uniquely gathering China money. It has led to Heritage Funds LPF focusing on its project financing by working with its Chinese state-owned companies, Sinosure, Chinese policy banks and international private equity firms. We manage project financing risk by being sponsored with guarantees. It has resulted in our success to expand our project portfolio.
The above seeding allows Heritage group robustly to offer a comprehensive range of the fit-for-purpose financing services catering to the unique conditions of government-to-government projects.
We strive to meet the project financing needs in different phases of completion of the projects whilst leveraging local teams to provide us with in-depth knowledge of the government-to-government project’s market features. It enables us to meet a variety of the project owners / employers / holders’ specific requirements with unique conditions to be delivered.
Project Team
It is made up from a group of talented, qualified, brilliant & experienced professionals to ensure projects are completed with the utmost attention.
Organization
Having a simple but dynamic organization structure ensures our sound performance.
Core Activities
Our core business focus is on a range of projects from farming, energy, primary infrastructure to diesel trading.
Branding & Vision
The origins of our red logo and branding and its vision. It has been integral to our Chinese DNA.
We look for ideas to win more government-to-government projects.
Professional Flexible Solutions to build something different.
CONNECTION
Expert in Project Financing
Together with Chinese state-owned companies, Sinosure and policy banks, Heritage group with its Heritage Funds LPF, has rich governmental resources with a deep understanding of China and global experience in the project financing markets. We have a broad and deep network of China & international contacts.
SOLUTION
Financing Solution
Heritage Funds LPF provides a wide array of customized and comprehensive financial project development & construction solutions for the completion & success of the governmental projects undertaken by our Chinese state-owned action partners on time, and within budget.
ABILITY
15%-25% of Funding
We focus on providing the project owners / employers / holders with financing and funding of 15% – 25% of government-to-government projects. It is done by having the sufficient value and long-term off-take agreement of oil & LNG in exchange for the projects within acceptable risk tolerance.
SFC Licenses & Methodology
Heritage Funds LPF is registered under the Limited Partnership Fund Ordinance (Cap. 637) of Hong Kong (registration number: 72665155) to conduct fund management activities. Its activity is led by one of its General Partners Lee Kwok Wan, who holds the SFC type 9 (asset management) license regulated by Hong Kong Securities and Futures Commission under the registration CE number: AZL662.
We strive to be the best and we have become a leader for the government-to-government projects. The well-positioned of leverage and influence of our extensive network & outstanding cross-border capabilities, it has provided a full range of project finance solutions to our project owners / employers / holders.
In other words, Heritage Funds LPF offers unique synergies with our advice, finance, invest, transact, manage, and empower its methodology and advantages to provide integrated one-off project financing services to our project owners / employers / holders.
We also are in the process of applying for the Registered Fund Management Company (“RFMC”) Capital Market Service License under the Securities and Futures Act (Cap.289) (“SFA”) by the Monetary Authority of Singapore (“MAS”) to conduct Fund Management activities.
Project Financing
By working with Chinese governmental authorities, Chinese policy banks, Sinosure and Chinese state-owned companies, Heritage Funds LPF uses a flexible approach toward project funding co-operative programs.
We provide tailor-made / customized project financing solutions to meet the needs of our project owners / employers / holders. Therefore, our focus on financing of government-to-government project strategy with the diversified methods, it is essential to our project owners / employers / holders.
Current Projects in Progress
Partners
Strategic Action Partners
Our professional networks and our Chinese strategic action partners, are our most valuable assets contributing through strategic partnerships with the signed consortium agreements in place with Heritage Funds LPF.
Our Chinese action partners are qualified EPC contractors with capabilities, knowledge, capacities and experiences to undertake and complete the entire projects. They carry out the preliminary design, detail design, project management, construction, completion, delivery and commissioning of the prestigious projects under the platform of Heritage Funds LPF.
Our active relentless drive for achieving and nurturing mutually beneficial relationships, it has been empowered by a full excitement and support of top governmental leadership networks.
Our interests are aligned with Chinese investors / Chinese state-owned main contractors / the project owners / employers / holders and their local sub-contractors.
Advisors & Co-investors
Advisors
The advisors have unique, in-depth and extensive knowledge for the markets we operate in. Based on the accumulated experience of our Chinese investors, partners and advisors, we take pride in our specialist knowledge of local markets under the Belt and Road Initiative for overseas investment drive.
Together with our advisors, we always pay attention to our talents and our connections with project owners / employers / holders for making the success of frontier government-to-government projects by investing into the countries we operate in.
Co-investors
We, Heritage group with Heritage Funds LPF act as the General Partner (GP) and one of Limited Partners (LP). We adopt a co-investment model with its strategic co-investors. Such model contains a relationship with several comprehensive co-investors and strategic equity partners from China and international private equity firms as the Limited Partners (LP).
This always makes our government-to-government projects “investor-ready”. We develop such innovative frameworks to leverage China capital investment.
Past Historical Project Track Records
Limited Partnership Funds (LPF)
Objective
Objective is to identify, structure, fund, develop, & provide hands-on project financing to create and deliver value under this sustainable fund platform for our governmental projects. Heritage Funds LPF are backed by Chinese private equity funds, sovereign funds with its Chinese policy banks and some of the global blue-chip co-investors.
Fund Models
It is led by one of its General Partners Lee Kwok Wan, who works on the compliance with the license of Type 9 (Asset Management) regulated activities by SFC, we work with the selected strategic Chinese & International co-investors. It is the one of the key investment models with Heritage Funds LPF.
Focus & Tasks
The key focus is on project value creation for its government-to-government projects. It should be within the measurable and controllable risk and the time frame given by its Chinese co-investors and the project owners / employers / holders.
Funds
Being a Chinese private equity fund manager, it is entrusted with the management of the funds via a unique and outstanding knowledge of the project market and an unrivalled network of contacts in its dynamic frontier governmental project markets.
The Questions you may ask us:
What is Heritage group's role in the business model?
We together with Heritage Funds LPF, only exclusively focus on the government-to-government (G-to-G) projects. We provide the capital of 15% – 25% of the project value and our expertise to help such G-to-G bright ideas and bold projects take flight.
Heritage Funds LPF adopts and uses “funding” model of Barter Trade for Project (BTP), when the “loan” model between two governments could not be applied.
We only do the first class of project financing, and only in a first class way for the government-to-government projects.
What is Heritage group's role to play an added value to the project?
Heritage Funds LPF has a robust and responsible investing framework and the platform. The platform is led by one of its General Partners Lee Kwok Wan, who acts with integrity as one of the general partners, facilitators, and financiers with China money. The objective is in compliance with SFC type 9 (asset management) license (CE: AZL662) regulated by Hong Kong Securities and Futures Commission.
Our goal has always been to create a tailor-made, happy, valid, integrated, comprehensive and thriving turnkey project financing solutions for the projects of our project owners / employers / holders in an efficient and effective way.
We do our due diligence to assess project opportunities by capturing value across a range of strategic and operational value creation levers of the governmental projects.
Under the platform of Heritage Funds LPF, we adapt our top-down leadership network approach. We work well with Chinese state-owned partners for our governmental projects. We carry out our project implementation on an EPC+F basis in the countries we operate in.
Why has Heritage group been doing so well?
Yes, there is no question about it although it takes years to reach such success story, as we have one decade of success already.
Heritage group is owned by core top Chinese shareholders. It has an excellent in-depth personal direct network of the top governmental leadership within the countries we operate in.
Heritage Funds LPF has been performing well. We have implemented a set of strategies and functional capabilities to drive and transform the government-to-government projects with Chinese state-owed EPC contractors into the implementation of the projects that we have invested in with project owners / employers / holders.
It extends China’s one belt and one road’s value chain, while gaining the synergy in terms of its project intelligence, technical skills, international market experience and financial support, as well as solidifying a strong relationship with the top governmental leaderships.
It has already developed and diversified financing and fundraising channels including Sinosure, Chinese policy banks, international banks, insurance companies, capital markets and asset securitization. The objective is solely for its projects to be implemented by Chinese state-owned EPC companies to realize it step by step.
With the above implementation, it has led to our greatest successes and most fulfilling achievements.
Why choose Heritage Funds LPF to work with?
Having looked at and worked with government-to-government projects over the last 10 years, we have a strong track record of partnering with China money through our investments into the government-to-government projects along with the China belt & road initiatives. It has made us very unique and dependable partner. It has been underpinned by trust and credibility. This strength has been essential to our success.
Everything we do is only focused on government-to-government projects. It makes us one of the independent specialists in this governmental project market. Such strength makes us uniquely agile.
Heritage Funds LPF is approved and regulated by the Limited Partnership Fund Ordinance (Cap. 637) of Hong Kong, and its activity is led by one of its General Partners Lee Kwok Wan, who has complied with the SFC type 9 (asset management) license regulated by Hong Kong Securities and Futures Commission (SFC) under the registration CE number: AZL662. SFC is the principal regulator of Hong Kong’s securities and futures markets. Lee Kwok Wan strictly complies with the statutory requirements for a high level of corporate transparency and a strict monitoring and risk control process during the implementation of our governmental projects.
We have won a number of project award success stories granted by project owners / employers / holders with EPC Chinese state-owned companies in the countries, we operate in.
Why Heritage Funds LPF chooses Hong Kong as the gateway for its government-to-government projects?
- Hong Kong’s unique strategic location at the doorstep of the Mainland China.
- Hong Kong is recognised as one of global premier financial centres.
- It plays a pivotal role in providing comprehensive financial and professional services with the vast opportunities offered by the China “Belt & Road” Initiative.
- It offers a highly regulated environment of international investors.
- Hong Kong provides a robust and transparent legal framework coupled with economic & political stability backed by China.
- Rigorous corporate governance framework and adherence to international accounting standards.
- It plays an active role as the world’s largest off-shore outside China Renminbi hub.
- Favourable tax incentive for Hong Kong local domiciled registration of funds.
- There is no capital gains tax in Hong Kong. Dividend income, whether from Hong Kong or overseas, is not taxable. Also, dividends paid to either residents or non-residents of Hong Kong are not subject to any withholding tax.
We are an Independent Fund investing into government-to-government projects together with our co-investors.
Facts at a Glance
As at 28th Feb 2023
Focus on the governmental project financing
Year Legacy of Triumphs in Project Financing
Chinese Action Partners
Accumulated Projects USD
Flagship Investment Backlog for 2023 Euro
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Thank you for visiting Heritage group website. By underpinning the government-to-government projects in everything we do with commitment, please connect with us to transform your passion and idea into a real project. By connecting to Heritage group, you have connected with the government-to-government projects. It is your home for highlights about how the governmental project in one place for all the goals and all the actions, are implemented. Please tap into this power of one integrated solution website and you can obtain an insight of understanding how it works across the government-to-government projects.
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