# Alchemy Investment Management

Alchemy Investment Management is an Asset Manager based in Singapore, Singapore.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Singapore, Singapore
- **Region:** North America
- **Address:** Singapore
- **Assets under management:** Undisclosed
- **Website:** alchemyinvestment.com

## Regulatory record

- **Reports private funds:** No

## About

Founded in Singapore by Tay Eng Hoe, Alchemy Investment Management operates as a dedicated real estate private credit manager. It traces its origins to the post-global-financial-crisis regulatory vacuum, when traditional banks retreated from real estate lending in Asia, opening space for non-bank financiers. The firm's wealth origin is operational rather than inherited — it is a professional asset management company, not a family office — and its mandate reflects the disciplined credit culture of its founder. The firm's strategy centers on originating and managing senior secured real estate loans across Singapore. Asset-class exposure is concentrated in residential, commercial, and industrial property-secured lending, with a typical loan-to-value ratio that provides a significant equity cushion beneath the firm's position. Alchemy has participated in transactions including the financing of luxury residential developments in prime districts and commercial refinancing for mid-market office assets. Its geographic focus is exclusively on Singapore, where its origination team maintains direct relationships with developers, property owners, and intermediaries. Alchemy's scale remains privately held — employee counts, fund sizes, and aggregate deployment are not publicly disclosed. The firm has not launched listed vehicles or publicly reported fund closes. In September 2023, Alchemy participated as a co-lender in the refinancing of a prime Orchard Road retail asset, confirming its continued ability to deploy in core-plus commercial credit amid a rising-rate environment. The firm does not maintain a disclosed philanthropic foundation or separate operating company. Structurally, Alchemy differentiates through its narrow mandate. In a region where many private credit managers drift toward mezzanine, distressed, or opportunistic equity, Alchemy hews strictly to senior secured lending — the shortest-duration, lowest-risk segment of the real estate capital stack. That self-imposed constraint is its organizing principle, allowing the firm to underwrite and close quickly while institutional competitors require committee approvals across broader mandates.

## Sectors

- Real Estate
- Private Credit

## People

- Tay Eng Hoe — Chief Executive Officer

## Questions

### What asset classes does Alchemy Investment Management target?

Alchemy targets senior secured real estate loans across residential, commercial, and industrial properties. The firm does not pursue unsecured lending, mezzanine debt, preferred equity, or common equity positions. Its portfolio is concentrated in Singapore, where it maintains local origination capabilities.

### How does Alchemy source its deal flow?

Deal flow originates through founder-led relationships with Singapore-based property developers, commercial real estate owners, and specialized intermediaries. Unlike auction-driven credit platforms, Alchemy relies on bilateral negotiations and repeat borrower relationships, which account for a meaningful share of its origination pipeline.

## Related profiles

- [ALC Co.](https://altss.com/profile/alc-co)

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Last updated: 2026-06-03T20:00:00.000Z

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