History

Alpha Capital AMC Company Profile

Year 1998

  • GE Capital and Goldman Sachs formed a JV in 1998 to acquire the assets from the former Thai finance companies for an NPL platform in Thailand. (Bangkok Capital Alliance)

Year 1999 – 2003

  • Additionally, GE/Goldman managed a NPL servicing platform for Kasikorn Bank from 1999 – 2003

Year 2008

  • Alpha Capital was established in 2008 as GE Capital’s NPL platform in Thailand, along with the Ratanarak Group, a prominent local family as its Thai partner

Year 2016

  • Ares SSG Capital Management (“Ares SSG”), an alternative asset management firm from Hong Kong, bought GE’s interest in Alpha in 2016

  • Ares SSG further institutionalized and managed the business to achieve targeted collections, paving the way for future growth

Year 2019

  • In Q4/2019, Ares SSG established a strategic partnership with 9 Basil Pte Ltd. (“9 Basil”), a local investment firm who came in as 49% shareholder, while Ares SSG maintained 51% stake in Alpha

  • Both shareholders are committed to further grow Alpha’s existing secured NPL business, while continuously looking for expansion in other areas as well

Alpha Capital AMC Key Strengths

  • Long track record of NPL servicing since the Asian Financial Crisis in 1997

  • Experienced cohesive team covering all functions
    - Full-fledged, experienced team in NPL servicing including asset managers, valuation, legal, operations, real estate sales and marketing, among others

  • Solid underwriting standard with rigorous due diligence process
    - Variety of resolution strategies such as discounted payoffs (DPO) collateral transfer, credit bid, foreclosures, and REO sales

  • Extensive network with commercial banks and Asset Management Company (“AMC”)
    - Acquired primary and secondary portfolios from BAY, KTB, KBANK, Standard Chartered Bank, Morgan Stanley, among others

  • Expertise in servicing granular SME and retail mortgage loan portfolios
    - Outperformed through innovative solutions and proactive approach