# Heritas Capital Management

Heritas Capital Management is a Private Equity based in Singapore, Singapore.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Singapore, Singapore
- **Region:** Asia
- **Address:** Singapore, Singapore
- **Founded:** 1997
- **Assets under management:** Undisclosed
- **Website:** www.heritascapital.com
- **LinkedIn:** https://www.linkedin.com/company/octave-cap

## Regulatory record

- **Reports private funds:** No

## About

OCTAVE Capital is a purpose-led investment firm deploying capital into business models that deliver financial performance and create lasting societal and environmental impact. It invests across private equity and venture capital to drive meaningful and measurable outcomes. It invests in companies that enhance well-being, regenerate nature, and reshape industries for a sustainable future. Heritas Capital rebranded as OCTAVE Capital.

## Sectors

- Healthcare Services
- Enterprise Software
- FinTech
- AgriTech & FoodTech
- Digital Health

## People

- Woon Choon Foo — Chief Executive Officer

## Questions

### Who runs investment decisions at Heritas Capital Management?

Woon Choon Foo leads the firm as Chief Executive Officer, overseeing both direct investment activities and fund-of-funds allocations. The investment team operates from Singapore and draws on a network of venture partners and operating advisors with domain expertise in healthcare and technology. Investment committee composition and final decision-making authorities are not publicly detailed.

### Does Heritas invest directly in companies or only through funds?

Heritas uses a hybrid model that combines direct growth-equity investments with fund commitments to external venture and growth managers. On the direct side, the firm has backed companies like ConnectedHealth and Celligenics. On the fund side, it has committed capital to managers including Wavemaker Partners and Jungle Ventures, often co-investing alongside the GPs it backs.

### Which sectors does Heritas explicitly avoid?

Heritas does not publish an explicit exclusion list, but its mandate centers on healthcare, enterprise technology, fintech, and sustainability-adjacent themes. The firm is not known to invest in heavy industry, extractive sectors, real estate development, or consumer discretionary outside of health-and-wellness adjacencies.

### What is Heritas's geographic footprint?

Heritas is headquartered in Singapore and deploys capital across Southeast Asia, India, and China. The firm's healthcare focus aligns with demographic shifts and regulatory reforms in these markets, and its limited-partner relationships include Singapore-based institutional capital alongside regional family offices.

### How is Heritas connected to Temasek or other Singapore state-linked entities?

Heritas has anchored funds seeded by entities with Temasek links, but the firm operates independently as a private-sector fund manager. The relationship provides institutional credibility and alignment with Singapore's national healthcare innovation priorities, but Heritas is not a subsidiary or portfolio company of Temasek.

## Related profiles

- [Heritage Ventures](https://altss.com/profile/heritage-ventures)
- [Herius Capital](https://altss.com/profile/herius-capital)

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Last updated: 2026-08-11T15:06:57.816Z

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