# Alset Inc.

Alset Inc. is an Asset Manager based in Bethesda, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Bethesda, United States
- **Region:** North America
- **Address:** Bethesda, MD, United States
- **Founded:** 2018
- **Assets under management:** Undisclosed
- **Website:** alsetinc.com
- **LinkedIn:** https://www.linkedin.com/company/alsetinc

## Regulatory record

- **Reports private funds:** No

## About

Providing a Sustainable Healthy Living System | We specialize in land development, home building, sales and rental and property management. Alset Inc. provides quality designer homes with integrated smart technologies at affordable prices. The focus of the company is on building a Sustainable Healthy Living System including a REIT for long-term income.

## Sectors

- Real Estate
- Digital Health
- FinTech
- Luxury

## Offices

- Singapore
- Seoul
- Hong Kong

## People

- Chan Heng Fai — Founder and CEO

## Questions

### Who controls investment decisions at Alset Inc.?

Founder and CEO Chan Heng Fai controls investment decisions through his role as Chairman and CEO, holding a majority voting stake that concentrates authority over capital allocation. The board includes independent directors as required by Nasdaq listing rules, but strategic direction — including subsidiary acquisitions and divestitures — originates with Chan. His personal holdings include super-voting preferred shares that amplify his decision-making power beyond his economic interest.

### What happened to Alset's electric-vehicle subsidiary?

Alset briefly operated an EV subsidiary in Singapore called Alset International Limited, which was targeting the Southeast Asian fleet market. The initiative was wound down in 2022 after failing to achieve commercial scale, with the corporate entity repurposed for other Asian investments. The episode illustrates Alset's pattern of launching sector-specific subsidiaries that can be spun off or dissolved without affecting the US real-estate core.

### Does Alset invest alongside external co-investors or GPs?

Alset does not operate as a limited partner in third-party funds and rarely co-invests alongside traditional GPs. Instead, the firm raises project-level capital through registered direct equity offerings and convertible notes placed with institutional investors. These transactions function more like corporate finance than fund-level commitments, with Chan retaining operating control over the underlying assets even when bringing in minority equity partners.

### What is Alset's primary real-estate asset?

Alset's core real-estate holding is a master-planned community development in Magnolia, Texas, executed through its Alset EHome subsidiary. The project consists of subdivided lots for single-family homes, originally acquired by Chan Heng Fai's predecessor entities before they were suspended and later rolled into the public vehicle in 2018. Build-out timelines and lot sales are disclosed in quarterly filings, providing a rare window into a family-office-scale development project.

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

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