AR Capital is an independent specialist investment management firm focused on capturing growth opportunities arising from emerging secular trends. The firm seeks to deliver superior long-term investment returns to investors while managing downside volatility, identifying sustainable winners early by integrating both bottom-up and top-down perspectives with deep analysis of global value chains. This framework of a fundamental investment approach, combined with valuation discipline, aims to provide a consistent path toward achieving high-quality, long-term returns.

The firm was founded by Leong Wah Kheong, who has over 42 years of investment experience. He spent two decades at Schroders, a global asset management firm, where he served as the Chief Investment Officer for Asia Pacific ex-Japan equities before he left in 2005 to establish AR Capital.

Today, the firm has grown in strength with the addition of second-generation key managers, Millicent Lai, who joined in 2008 from Schroders, Merrill Tan, who began his investment career with AR Capital in 2006, and Angeline Toh, who joined the firm in 2010. Millicent played a pivotal role in advancing AR Capital, working closely with Wah Kheong to establish a dynamic and focused investment team with deep global expertise in emerging secular trends while Merrill spearheaded the firm’s global research efforts, strengthening our knowledge base and generating valuable insights that connect the dots across the globe. Angeline leads AR Capital’s critical functions in Legal, Compliance, Risk and Operations, ensuring a strong foundation for continued growth.

The original founding shareholders and the senior management team are deeply invested in the funds. This alignment of interests underpins AR Capital’s philosophy and reflects the firm’s commitment and conviction.