Primas Asset Management

Co-founder Jason Suen serves as Chief Investment Officer and leads the investment committee. He and co-founder George Tsang, the CEO, previously worked together on Standard Chartered's Hong Kong principal finance desk. The two principals control all credit decisions and maintain a flat partnership structure without external investment-committee members.

Primas sources transactions through the founders' existing Asian borrower networks — primarily real estate developers, infrastructure operators, and asset-heavy corporates in Greater China and Southeast Asia that the team has financed since their Standard Chartered tenure. The firm does not rely on intermediated auction processes; origination is proprietary and relationship-driven, with deal flow concentrated in the same counterparty pool the principals know from their banking careers.

Primas is an institutional asset manager, not a family office. It is a Hong Kong–domiciled, UK-regulated credit specialist managing commingled fund vehicles and co-investment mandates on behalf of institutional limited partners. The London entity is authorized by the UK Financial Conduct Authority as a full-scope AIFM.

Primas focuses on private credit, deploying predominantly through senior secured loans and asset-backed structures. While the firm's mandate centers on fixed-income-like credit exposure rather than equity upside, specific deals may include equity kickers or warrants. Core activity remains structured lending against hard assets in real estate and infrastructure.

The firm does not publicly market a distinct co-investment program alongside outside GPs, but its fund structures are designed to accommodate direct institutional co-investment alongside the flagship vehicles. Primas's typical model is manager-led origination with limited partners participating at the fund or parallel-vehicle level rather than as anonymous participants in third-party syndicates.