1WealthStreet

1WealthStreet

1WealthStreet was founded by Kimmis Pun, a former private banker who left the traditional wealth management structure to build an independent platform serving the liquidity-event needs of Asian business owners. The firm positions itself not as a product distributor but as a deal originator, connecting family capital directly to private credit opportunities and real estate transactions across the region. The firm's strategy centers on direct lending and structured credit — typically to mid-market companies in Southeast Asia — alongside opportunistic real estate in gateway cities. Rather than managing pooled funds, 1WealthStreet syndicates individual deals to its network of family offices and high-net-worth investors, earning placement fees and carried interest on performance. Known transactions include bridge financing for property developers in Singapore and mezzanine debt for operating businesses across Malaysia and Vietnam. Pun operates from Singapore with a lean team, leveraging a network built over two decades in Asian private banking. The firm runs no commingled vehicles — each opportunity is structured as a standalone special purpose vehicle with investors opting in per transaction. In early 2024, Pun was noted in Bloomberg as part of a cohort of ex-bankers building independent advisory and capital-raising platforms for Asia's growing single-family office base (per Bloomberg, 2024). The structural distinction of 1WealthStreet lies in its absence of a balance sheet or discretionary mandate. Investors choose each deal individually, making the firm a curated deal-flow service rather than an asset manager. This architecture shifts the due-diligence burden onto the participating families themselves, with 1WealthStreet acting as arranger and ongoing servicer — a model that appeals to newly liquid Asian founders who want control over each deployment decision.