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Invest in Asian
hidden gems

We enable investors to access mispriced, high-quality businesses across Asia, not accessible through passive or larger funds, with management teams we can trust.

Who we are

Ascender Capital is a Hong Kong based investment boutique run by entrepreneurs and managing a single equity strategy since 2012.

We are looking for hidden gems or companies that are misunderstood by the market. Our on-the-ground presence allows us to exploit these inefficiencies while avoiding the numerous pitfalls that can be found in the region.


Inception of first fund


High quality portfolio companies


Average portfolio EV/EBIT valuation


Hong Kong and Tokyo based team

Navigating Asia

Building a portfolio of hidden gems

We invest in high-quality businesses across Asia, including Japan, with a focus on inefficient segments of the market, where companies are not followed by brokers and disclosures are limited or not always available in English

Our process combines quantitative and qualitative approaches.


New ideas are sourced exclusively from our proprietary Quality Universe. Our database is composed of companies that we have met since 2012 and is updated weekly.

Fundamental research

Our framework focuses on assessing business quality, minimizing biases and allowing comparison across a wide universe of geographies and business models.

Portfolio construction

Our scoring tool combines quality and valuation metrics, with cheaper and better businesses getting the best scores.

Case studies

CITIC Telecom 

A highly cash-flow generative Chinese telecom company with a stable track-record and consistent shareholders returns.


A recurring Japanese IT services business with high market shares, strong profitability and shareholder-friendly capital allocation.

About us

Partner and co-CIO
Partner and co-CIO
Investment Analyst
Investment Analyst
Fund Accounting and Operations Manager

Reach out today

Feel free to send us a message and we will get back to you promptly. Our team is highly responsive, aiming to respond within a few hours.
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+852 3758 2608
Suite 3001, 30/F, W50, 50 Wong Chuk Hang Road,
Hong Kong
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