# Carret Private Capital Limited

Carret Private Capital Limited is a Multi Family Office based in Wan Chai, Hong Kong.

## Overview

- **Organization type:** Multi Family Office
- **Headquarters:** Wan Chai, Hong Kong
- **Region:** Asia
- **Address:** Wan Chai, Hong Kong
- **Founded:** 2015
- **Assets under management:** 4000 (Altss estimate)
- **Website:** carretprivate.com
- **LinkedIn:** https://www.linkedin.com/company/carretprivate

## Regulatory record

- **Reports private funds:** No

## About

Carret Private Capital Limited began in 2015 when Kenneth Ho and Samuel Lee established the multi-family office in Hong Kong. Kenneth Ho previously held senior roles at Credit Suisse Hong Kong, Julius Baer and McKinsey. The firm later merged with Lumen Capital Investors and was acquired in majority by Endowus in October 2022. Carret deploys capital through direct co-investments, SPVs, hedge funds, private credit, private equity, real estate and secondaries. It targets early-stage, growth and middle-market opportunities. Confirmed exposures include positions in Digital Health, ClimateTech and AI/ML across Asia, Europe, North America and Oceania. The firm also runs Carret Private High Conviction Alpha SP and maintains a principal investing portfolio. The firm employs an unspecified number of professionals at its Wan Chai office at Level 6, Five Pacific Place. Endowus holds majority ownership following the 2022 transaction. Kenneth Ho serves on the board of Pico Far East Holdings Limited and the Governor’s Advisory Board of the University of Chicago Booth School of Business. He is also a founder and vice chairman of the Family Office Association of Hong Kong. Carret maintains a hybrid structure that combines internal principal investing with external fund commitments and a fintech joint venture, SBI Carret, with SBI Hong Kong Holdings. This architecture allows the office to retain control over select direct opportunities while accessing third-party managers across multiple regions.

## Sectors

- Digital Health
- ClimateTech
- AI/ML

## People

- Kenneth Ho — Founder and Managing Partner
- Samuel Lee — Co-founder and Managing Partner
- Victor Ho — Managing Partner

## Questions

### Who runs investment decisions at Carret Private Capital Limited?

Kenneth Ho serves as Founder and Managing Partner. Samuel Lee and Victor Ho act as Managing Partners. Decisions draw on their prior experience at Credit Suisse, Julius Baer and McKinsey.

### How is Carret Private Capital Limited structured relative to its parent?

Endowus acquired a majority stake in October 2022. Carret continues to operate as a distinct multi-family office while maintaining a strategic partnership with Lumen Capital Investors.

### Does Carret participate in fund commitments or only direct deals?

The firm uses both approaches. It commits to hedge funds and private equity funds while also executing direct co-investments and SPVs.

### Which sectors does Carret explicitly target?

The firm focuses on Digital Health, ClimateTech and AI/ML. It also maintains exposure to private credit, real estate and secondaries.

### What is Carret’s geographic footprint?

Carret invests across Asia, Europe, North America and Oceania. Its Hong Kong headquarters coordinates these mandates.

### How does Carret source proprietary deal flow?

Flow originates from Kenneth Ho’s network at prior institutions and from the firm’s board roles, including Pico Far East Holdings. The SBI Carret joint venture supplies additional fintech opportunities.

### Does Carret maintain philanthropic structures?

The firm lists support for Christ Church Hong Kong and Mary Rose School. No separate foundation vehicle is disclosed.

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- [Brooklyn NY Holdings (Lerner Family Office)](https://altss.com/profile/brooklyn-ny-holdings-lerner-family-office)
- [Rix Capital](https://altss.com/profile/rix-capital-igor-and-dmitry-bukhman-family-office)

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

Canonical page: https://altss.com/profile/carret-private-capital-limited

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