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Spartan Group
Spartan Group is an SEC-registered investment adviser in Greensboro, NC, registered since 2020. The firm manages $384 million in assets, with $199 million on a...
Spartan Group
Spartan Group is an SEC-registered investment adviser in Greensboro, NC, registered since 2020. The firm manages $384 million in assets, with $199 million on a discretionary basis. It has 5 employees and 4 investment advisers.
General information
Firm type
Generalist
Year founded
2017
AUM
$500M (per firm, 2025)
Location
Region
Asia
Country
Singapore
City
Greensboro
Corporate office
Singapore
Principals
Kelvin Koh
Co-founder & Partner, CIO, Spartan Capital
Melody He
Co-founder & Partner, Co-Head of Spartan Advisory
Casper B. Johansen
Co-founder & Partner, Co-Head of Spartan Advisory
Leeor Groen
Partner, Spartan Advisory
Adrian Lai
Chief Creative Officer
Sector focus
Frequently asked questions
Who runs investment decisions at Spartan Group?
Kelvin Koh is Co-founder, Partner, and Chief Investment Officer for Spartan Capital, the asset management division. He oversees all three funds — Liquid, DeFi, and Gaming & Metaverse — and leads a team of 11. The advisory and labs divisions have separate leadership under Melody He and Casper B. Johansen, reporting into the partnership.
Is Spartan Group a single-family office or an asset manager?
Spartan Group is an independent asset manager and advisory firm, not a single-family office. It operates Spartan Capital and Spartan Advisory as distinct lines of business, with a separate venture studio (Spartan Labs). There is no disclosed family-wealth origin; the firm manages capital for external LPs and deploys its own balance sheet.
What investment stages does Spartan Group target?
Spartan invests across the full lifecycle of Web3 assets. Its venture practice targets early-stage equity and token rounds in new crypto networks and protocols. The liquid fund trades active tokens, while the DeFi and Gaming & Metaverse funds provide thematic exposure to more mature subsectors. The advisory arm also intermediates secondary transactions and cap-table restructurings.
Which sectors does Spartan Group explicitly focus on?
Spartan focuses exclusively on Web3: decentralized finance, gaming and metaverse, and liquid token markets. It does not invest in traditional equities, real estate, or Web2 enterprise software. All three Spartan Capital funds are digitally native, investing in on-chain protocols, tokenized platforms, and Web3 infrastructure.
What is Spartan Group's known posture on co-investments alongside external GPs?
Spartan co-invests routinely alongside other crypto-native funds and generalist VCs in token rounds. It also leads and syndicates advisory mandates, often acting as placement agent or M&A advisor. The firm has not disclosed a formal LP program or a dedicated fund-of-funds allocation for outside managers.
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