B
lack Spade Capital, the family office of Macau casino mogul Lawrence Ho Yau-lung, has invested in IFCX, a Hong Kong-based real estate brokerage group targeting at least US$5 billion from Asian clients for emerging market investments. IFCX operates multiple subsidiaries, including Asian Bankers Club, Knightsbridge Partners, and Easy Pro, which offers property management and residency solutions.

    "This partnership is a significant opportunity for us," said Dennis Tam, Black Spade president and CEO. "Investing in real estate in emerging markets makes strategic sense." The venture focuses on the Middle East, Vietnam, and Thailand. Ho's family office has previously invested in Vietnamese electric vehicle maker VinFast Auto.

    The partnership will allow IFCX to tap into the family office ecosystem, according to founder Kingston Lai. Plans also include leveraging artificial intelligence to build digital platforms for transactions, market analytics, and investor engagement tools.