Singapore-based firms Gordian Capital and Tribe Theory are expanding across the region, with the asset management firm entering Shanghai and the hotels-for-startup operator expanding into Indonesia and India.

REAPRA-backed Tribe Theory enters Indonesia, India

Tribe Theory, a REAPRA-backed operator of global hostels and hotel brands for startups and budding entrepreneurs, has expanded into Indonesia and India three months after its launch in Singapore.

The company said it launched in Dalung, on the outskirts of digital nomad hub Canggu, in Bali, Indonesia to address the needs of a new group of business travellers who choose to stay in the Indonesian island to live and work.

In India, Tribe Theory made a strategic investment into Construkt, which operates two startup hostels in Bangalore. Construkt will be rebranded to Tribe Theory overtime and plans for additional locations across India will be announced later this year, according to Tribe Theory.

In Singapore, Tribe Theory has lodged over 500 global entrepreneurs from over 40 countries over its 3-month pre-launch period including, Australian entrepreneur Daniel Liang, Founder and CEO of Qnect, who stayed in the hotel while raising a round of funding.

Tribe Theory is backed by REAPRA, an investment fund and venture builder focused in growing industries across Southeast Asia.

Gordian Capital opens rep office in Shanghai

Singapore-based asset management firm Gordian Capital has established a representative office in Shanghai to support its clients in mainland China, with plans to transform the office into a wholly foreign-owned enterprise over time, the company said in a statement Tuesday.

Gordian Capital also hinted at plans to expand its presence in Beijing in the future to serve its client base in China, which includes an asset manager with AUM of $16 billion, a wealth management group that manages $15 billion, and a large private corporation with $12 billion of assets.

Lu Shuai, who currently heads the trading operations at Gordian Capital Singapore, and Mark Voumard, director of Gordian Capital Limited and CEO of Gordian Capital Singapore, have been appointed as chief representative and authorized representative, respectively, of the Gordian Capital limited Shanghai representative office.

Incepted in 2005, Singapore-based Gordian Capital operates as a platform for institutional teams seeking to launch private equity, venture, capital, real estate, private credit and hedge funds. It operates as an independent funds specialist and manages in excess of $2 billion.

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