Status
ACTIVE
Global HQ
Singapore, Singapore
Countries of investment
- Singapore
- China
- Japan
- South Korea
- India
- Indonesia
Investment stages
- Series B
- Series C
- Growth
Industries
- Artificial Intelligence
- AI Infrastructure
- Healthcare
- Life Sciences
- Consumer
- Financial Services
- Enterprise Software
- Deep Tech
About
Kembangan Capital Partners (KCP) is an Asia-focused private equity and venture capital firm headquartered in Singapore, founded by former Temasek Holdings and Pavilion Capital executive Koh Wai Kit. Investing across Southeast Asia, China, Japan, Korea, and India, the firm reached a first close of approximately $725 million in 2026—$500 million for fund-of-funds investments and $225 million for direct and co-investments—anchored by a sovereign wealth fund. Its name derives from the Malay word for expansion.
Kembangan Capital Partners (KCP) is an Asia-focused private equity and venture capital firm headquartered in Singapore, founded by former Temasek Holdings and Pavilion Capital executive Koh Wai Kit. Investing across Southeast Asia, China, Japan, Korea, and India, the firm reached a first close of approximately $725 million in 2026—$500 million for fund-of-funds investments and $225 million for direct and co-investments—anchored by a sovereign wealth fund. Its name derives from the Malay word for expansion.
Investment Thesis
Kembangan Capital Partners' investment thesis is to capture Asia's most selective private equity and venture capital opportunities through an institutional platform anchored by sovereign capital, combining a fund-of-funds mandate with direct and co-investments. The firm partners with Asia's foremost fund managers, founders, and management teams, focusing on secular growth sectors including artificial intelligence and supporting infrastructure, healthcare and life sciences, consumer businesses, and financial services.
Manager's Experience
Founded by Koh Wai Kit (Founder), former Temasek Holdings executive and founding team member of Pavilion Capital (Temasek subsidiary). Team of investment professionals with experience across sovereign wealth funds, financial institutions, government, and fund management. Regulated by the Monetary Authority of Singapore. Manages over $1B AUM with $725M first close in August 2026 anchored by an unnamed sovereign wealth fund ($500M for fund of funds, $225M for direct/co-investments). Focus on Asia's most selective PE and VC opportunities across Southeast Asia, China, Japan, Korea, and India. Portfolio includes Moonshot AI, Sarvam AI, Carro, and Stockbit.
Team
Koh Wai Kit - Founder & Managing Director
Portfolio
Moonshot AI
Sarvam AI
Carro
Stockbit