In August 2016, Nan Fung Group became a substantial investor in New Frontier, an Asia-based Internet and Healthcare venture builder and investor. New Frontier’s mission is to invest and build disruptive and impactful companies using a unique set of standardized and proven processes. New Frontier has successfully launched HelloToby, an online services marketplace, in Hong Kong.
In 2015, Nan Fung and Innovo Property Group (“IPG”) formed a real estate investment and operating platform focused on acquiring and managing assets in the greater New York City metropolitan area. IPG is based in New York City and founded by Andrew Chung, former partner and head of The Carlyle Group’s New York Office where he was responsible for investing $1.2 billion of equity in 27 real estate transactions in New York City over ten years. IPG’s investment team brings extensive multi-sector experience and longstanding relationships at all levels of the real estate industry, built over multiple market cycles in New York City.
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