About GLy Capital
Anchored by Geely Holdings, GLy Capital is a Hong Kong based investment management entity established in 2017. With offices in Hong Kong, the United States and Singapore with ecosystem partners across all major markets, GLy Capital invests in companies which redefine the global mobility industry.
With the successful track record of the GLy Fund I (“New Mobility Fund”), the second vintage fund, “GLy Fund II” backs entrepreneurs who are unlocking new paths to environmentally responsible economic growth. By leveraging its key sponsors’ eco-systems, industry know-how and strong reach, GLy Capital continues to find the best-in-class investable assets to provide them with global market access, industry insight, and commercial advantage.
About GLy Fund II
The Fund will focus on green technology companies that contribute to a net-zero ecosystem across 4 sectors:
- Energy Transition
- Smart Cities
GLy Fund II – Investment Highlights
Unique Access and Proposition to Deals: GLy prioritizes maximizing returns and adding values to the portfolio companies by bringing a powerful network of customers and co-investors.
Global Reach for Industry Know-how and Capital Deployment: Via constant dialogue with the industrial advisors and ecosystem partners, GLy is positioned to get deep industry insights and identify winners early on.
Impressive track record of existing funds: Fund I has deployed ~$150M in less than 2 years across 10 investments. 2 investments have successfully listed on NASDAQ. As of June 30, 2023, Fund I has achieved a Gross IRR of 12%, with DPI of 0.5x and TVPI of 1.1x.
On selecting Areus Asset Management as their exclusive Australian distributor, GLy Capital Co-founder Harry Krkalo commented:
“Personally knowing the integrity of their team to be impeccable, I am thrilled that GLy will be partnering with Areus Asset Management to serve our Australian investors. Areus’s mission to dutifully make inaccessible best-in-class strategies available to their clients, fits perfectly with GLy’s objectives to leverage its network of industrial partners to gain real insights and an informational advantage benefiting our portfolio companies and investors.”
About Geely Holdings
Geely Holdings is a global automotive group headquartered in Hangzhou, China, ranked among the Fortune Global 500 since 2012 with assets totaling over c.US$72bn. The group has established R&D centers globally with more than 20,000 R&D and design personnel and more than 14,000 innovation patents.
Geely operates world-class vehicle and powertrain manufacturing plants in China, U.S., U.K., Sweden, Belgium, and Malaysia. It also owns and manages several brands including Geely Auto, Zeekr, Volvo Cars, Polestar, London Electric Vehicle Company, Lotus, Smart, Proton, and other brands.
Areus Founder & CEO Trent McGraw commented:
“It is an honor to have been selected and have the opportunity to work with the GLy & Geely teams to bring attention to a Fund that has environmentally responsible investing at the core of its principles. This partnership continues our objective of delivering a best-in-class suite of funds and investment products, and the ability to add outstanding investment options and returns to our most valuable asset, our clients.”