# Apricot Capital

Apricot Capital is a Single Family Office based in Singapore, Singapore.

## Overview

- **Organization type:** Single Family Office
- **Headquarters:** Singapore, Singapore
- **Region:** Asia
- **Address:** Singapore, Singapore
- **Founded:** 2017
- **Assets under management:** Undisclosed
- **Website:** apricotcapital.com
- **LinkedIn:** https://sg.linkedin.com/company/apricot-capital-pte-ltd

## Regulatory record

- **Reports private funds:** No

## About

Apricot Capital was established in 2017 by David Teo after the exit from Super Group. The firm manages family wealth through direct holdings and operating partnerships rather than external fund commitments. The strategy mixes real estate, private equity, and select venture exposure. Confirmed positions include Serene Centre in Bukit Timah, BreadTalk IHQ in Paya Lebar, Riverfront Residences in Hougang, and Park Hotel Kyoto. The firm also holds I-Park @ Senai Airport City in Johor and The Peak Cambodia in Phnom Penh. Investments span early-stage and growth rounds in Asia, with additional reach into Europe and North America. Structures include direct co-investments, SPVs, and limited fund-of-funds participation. The team consists of family principals David Teo, Darren Teo, Elaine Teo, and June Teo, supported by business partner Eugene Lim. Adjacent vehicles include the Apricot Capital Foundation. No public headcount or AUM figures exist. The office maintains a concentrated Southeast Asia real-estate book alongside founder-stage equity bets, creating a hybrid mandate that links operating businesses with property assets.

## Sectors

- EdTech
- AgriTech & FoodTech
- PropTech
- Media & Entertainment
- Circular Economy
- Healthcare Services
- Mobility & Transportation
- Energy Transition & Renewables
- Supply Chain & Logistics

## People

- David Teo — Founder
- Darren Teo — Managing Partner
- Elaine Teo — Managing Partner
- June Teo — Vice Chairman
- Eugene Lim — Business Partner

## Questions

### Who runs investment decisions at Apricot Capital?

David Teo founded the firm. Darren Teo and Elaine Teo serve as Managing Partners. June Teo holds the role of Vice Chairman.

### How does Apricot Capital source proprietary deal flow?

The firm relies on direct founder relationships and recurring joint-venture partners such as Eugene Lim of The Assembly Place.

### Is Apricot Capital structured as a single family office or does it operate more like a venture firm?

It is organized as a single-family office that also executes early-stage and growth equity investments alongside real-estate holdings.

### Does Apricot Capital participate in fund commitments or only direct deals?

The firm uses direct co-investments and SPVs as primary vehicles while maintaining limited fund-of-funds exposure.

### What investment stages does Apricot Capital typically target?

Activity centers on seed, early stage, and growth rounds.

### Does Apricot Capital maintain philanthropic structures, and how are they separated?

The Apricot Capital Foundation operates as the family's philanthropic vehicle.

## Related profiles

- [Après-demain](https://altss.com/profile/apr-s-demain-sa)
- [Apricus Finance](https://altss.com/profile/apricus-finance)

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Last updated: 2026-08-10T15:54:10.904Z

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