# SO Capital

SO Capital is a Private Equity based in Wellington, New Zealand.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Wellington, New Zealand
- **Region:** Oceania
- **Address:** Level 1, 250 Wakefield Street, Wellington, 6011, New Zealand
- **Assets under management:** Undisclosed
- **Website:** socapital.co.nz
- **LinkedIn:** https://linkedin.com/company/so-capitalnz

## Regulatory record

- **Reports private funds:** No

## About

Capital is an investment firm focused on private equity within the hospitality, IT, and tourism sectors. It offers investments in hotel guest rooms and airline operations through its open funds, The 1K Fund and The Wings Fund. The company is based in Auckland, New Zealand.

## Sectors

- Aviation
- Healthcare Services
- Mobility & Transportation

## Offices

- Auckland, New Zealand
- Napier, New Zealand

## People

- Shah Aslam — CEO
- Gregor Schmalz — Chairman
- Jodi Thomas — Executive Director, Strategy
- Laurence Kubiak — Executive Director, Stakeholder Management
- Colin Keel — Executive Director, Finance and Strategy
- Anindya Sen — Executive Director, Money
- Queenie Lai — Portfolio Manager
- Jonathan Haggart — Data Analysis

## Questions

### Who runs investment decisions at SO Capital?

CEO Shah Aslam leads the management team and oversees deployment, supported by Portfolio Manager Queenie Lai and Data Analysis lead Jonathan Haggart. The governance team — five executive directors including former Goldman Sachs quant Anindya Sen and ex-Qantas/American Airlines executive Colin Keel — provides structural oversight and deal review.

### Does SO Capital operate as a traditional fund manager or a holding company?

SO Capital functions as an operating-company-driven private-equity group. It embeds senior leaders inside portfolio entities — CEO Shah Aslam is actively involved in Air Napier, while SO Health operates Medicross — and retains governance directors with deep sector-specific C-suite backgrounds rather than delegating oversight to external boards.

### Does SO Capital maintain any regulated fund structures?

Publicly available information does not confirm any regulated fund vehicles. The firm's operating model — direct acquisition of Medicross, direct financing of seaglider assets, and embedded C-suite operators — functions more like proprietary capital deployment through an investment office, though the ultimate source of the capital it deploys is not disclosed.

## Related profiles

- [SOCAM Development](https://altss.com/profile/socam-development)
- [Social Alpha](https://altss.com/profile/social-alpha)

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Last updated: 2026-06-03T20:00:00.000Z

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