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EQUITY2
Terence Fung runs EQUITY2, a Hong Kong single-family office deploying capital into property-secured private credit and select venture investments.
EQUITY2
We drive equitable and inclusive investments in high-impact operating businesses and real estate projects.
General information
Firm type
Single Family Office
Year founded
—
AUM
Undisclosed
Location
Region
Asia
Country
Hong Kong
City
Kansas City
Corporate office
Hong Kong
Principals
Terence Fung
Director
Sector focus
Frequently asked questions
Who runs investment decisions at EQUITY2?
Terence Fung, a director of EQUITY2 LLC, leads investment decisions for the family office. The firm operates with a small internal team supporting loan origination and monitoring. There is no disclosed investment committee beyond the Fung family principals.
What is EQUITY2's primary investment strategy?
The office primarily originates Hong Kong dollar-denominated private credit loans secured against residential, commercial, and industrial real estate. These are typically short-term bridge loans. A smaller portion of the portfolio is allocated to early-stage venture capital and special-situation equity investments.
Does EQUITY2 accept external LP capital?
No. EQUITY2 appears to deploy exclusively Fung family capital and does not operate any pooled fund vehicles that accept outside investor commitments. It functions purely as a single-family office rather than a fund manager.
What geography does EQUITY2 cover?
The firm is based in Hong Kong and focuses its credit book on Hong Kong Island and Kowloon properties. Its venture activity extends into southern China, including exposure to logistics and consumer platforms operating in the Greater Bay Area.
What happens if a borrower defaults on a loan from EQUITY2?
Because EQUITY2's loans are typically secured by hard property assets, the firm retains the right to enforce security and take possession of the underlying real estate. This allows the office to convert a non-performing credit position into an owned real estate asset or negotiate an equity stake in the borrower's project, giving it multiple recovery pathways.
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