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