# PRIME SOURCE ENTERPRISES, INC

PRIME SOURCE ENTERPRISES, INC is a RIA based in Natick, United States.

## Overview

- **Organization type:** RIA
- **Headquarters:** Natick, United States
- **Region:** North America
- **Address:** Natick, MA, United States
- **Founded:** 1990
- **Assets under management:** Undisclosed

## Regulatory record

- **CRD number:** 133981
- **Registration status:** Registered
- **Reports private funds:** No
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/133981

## About

PRIME SOURCE ENTERPRISES, INC is a state-registered investment adviser. The firm manages approximately $25 million in regulatory assets. It has 1 employee and 1 investment adviser.

## Sectors

- Real Estate
- Life Sciences
- Venture Capital
- Private Equity

## People

- Gerald Chan — Principal

## Questions

### Who runs investment decisions at PRIME SOURCE ENTERPRISES, INC?

Gerald Chan is the principal and directs all investment activity for the office. Chan holds a PhD in biology and a master's in medical radiological physics from Harvard University, giving him the technical background to personally evaluate scientific opportunities. His approach is research-intensive and concentrated, rather than delegated to a large investment committee.

### How is PRIME SOURCE ENTERPRISES, INC related to the Hang Lung Group?

The office manages personal and family capital derived from the Hang Lung Group real estate fortune. Gerald Chan's father, Chan Tseng-hsi, founded Hang Lung Group and built its commercial property portfolio across Hong Kong and mainland China. Gerald Chan's brother, Ronnie Chan, leads the Hang Lung Group operating businesses, while Gerald focuses on investment and philanthropic activities through separate vehicles.

### What is the firm's investment strategy in life sciences?

PRIME SOURCE ENTERPRISES, INC concentrates on early-stage therapeutics, platform biotech companies, and healthcare innovation, with a long-term, patient capital posture. Chan is known for making substantial bets on companies where his scientific background provides a diligence edge, often investing at the venture stage and holding through public listings. The portfolio spans direct investments, venture fund commitments, and occasional university spinout financings.

### How is PRIME SOURCE ENTERPRISES, INC different from Morningside Group?

Morningside Group is the broader Chan family investment platform with a presence in Hong Kong, Shanghai, and other Asian markets, active across venture capital, private equity, and real assets. PRIME SOURCE ENTERPRISES, INC operates as Gerald Chan's personal investment vehicle, with a more concentrated focus on life sciences and biotechnology in the United States. The two entities share family ties but pursue distinct investment programs.

### Does the firm participate in fund commitments or only direct deals?

PRIME SOURCE ENTERPRISES, INC uses a hybrid model that includes direct equity investments in private and public biotech companies, limited-partner commitments to venture capital funds, and occasionally co-invests alongside academic institutions. The direct investing program is the most visible component, reflecting Chan's preference for concentrated positions in companies he has personally vetted.

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Last updated: 2026-07-06T01:24:23.596Z

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