Horizons Ventures, which has spread its wings into Singapore, is owned by Solina Chau Hoi-shuen and is not a part of Hong Kong tycoon Li Ka-shing's family office, a spokesperson for CK Asset (1113) has said.
The comments came in response to a report that the private investment firm had opened an office in the Lion City.
Li has only participated in investment projects related to technology and innovation along with the firm, the spokesperson added.
Last Friday, Bloomberg reported that Horizons Ventures, which was co-founded by Li's long-time confidante Chau, was the latest among a raft of high-profile investment firms and family offices to set up a Singapore office.
Ten staff will be based in the city including Jacky Li, a senior investment manager who will focus on deal execution, and Jeffrey Ho, a portfolio curator.
It comes a year after the firm flagged plans to ramp up deals in the region and will be Horizons's first office outside of Hong Kong with a focus on supporting portfolio companies entering the market, the report said.
Li, whose early wealth was built on infrastructure, telecommunications and real estate, enjoyed a surge in wealth thanks to high-tech bets in companies like Zoom Video Communications and Spotify Technology via Horizons Ventures when the pandemic hit.
