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R L Capital
R L CAPITAL, LLC is an SEC-registered investment adviser in OVERLAND PARK, KS. The firm manages approximately $12 million in regulatory assets.
R L Capital
R L CAPITAL, LLC is an SEC-registered investment adviser in OVERLAND PARK, KS. The firm manages approximately $12 million in regulatory assets. It has 1 employee and 1 investment adviser.
General information
Firm type
Single Family Office
Location
Region
North America
Country
United States
City
Overland Park
Corporate office
San Francisco, CA, United States
Principals
Richard Li
Founder and Chairman
Sector focus
Frequently asked questions
Who is the principal behind R L Capital?
Richard Li, the younger son of Hong Kong billionaire Li Ka-shing, founded and chairs R L Capital. Li generated his primary wealth through the 1993 sale of Star TV to News Corporation and later built PCCW into a dominant Hong Kong telecom and media group. He also founded FWD Group, a pan-Asian insurer. Forbes estimated his personal net worth at $3.8 billion in 2024.
How is R L Capital distinct from the other Li family investment vehicles?
R L Capital is Richard Li's personal US-focused investment office, operating independently of the broader Cheung Kong group and Horizons Ventures, which manages early-stage technology investments for the wider Li Ka-shing family. R L Capital has a permanent presence in San Francisco and targets direct investments in North American technology, media, and real estate assets on Li's behalf, without outside limited partners.
Does R L Capital take outside capital or operate as a fund manager?
No. R L Capital is structured as a single-family office managing Richard Li's personal capital exclusively. There are no known pooled vehicles, feeder funds, or co-investment programs open to external allocators. All investments are principal commitments from Li's own balance sheet.
What does R L Capital's typical investment portfolio look like?
The firm's historically disclosed portfolio spans US venture capital (drone logistics, blockchain infrastructure), direct real estate (San Francisco commercial properties, high-end residential), and media assets. Known positions have included Matternet, Elastos, and the 690 Market Street commercial building in San Francisco, co-acquired with Lincoln Property Company. The firm does not report sector allocation percentages publicly.
Where is R L Capital based, and does it have other offices?
R L Capital is headquartered in San Francisco and operates as a Registered Investment Advisor in the United States. The office provides Richard Li with a permanent, on-the-ground presence for US deal flow. There are no publicly disclosed additional offices beyond San Francisco, though Li's other business operations — including PCCW and FWD Group — are based in Hong Kong.
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