Real estate private equity
Real Assets.Real Returns.
Firmus Capital funds invest across core-plus, value-add and opportunistic real estate strategies, with a disciplined approach to achieving risk-adjusted returns.
Net IRR
Divested Assets
Funds Closed
Investment Thesis
Conviction-led investments — in complex, capital-intensive real estate investments that demand deep operational expertise, local market knowledge, and the conviction to act decisively.
Core-plus
Stabilised income-generating assets in primary markets with modest value-creation potential and predictable cash flows.
Value-add
Transitional assets requiring repositioning, renovation, or re-leasing to unlock embedded value and drive appreciation.
Opportunistic
Complex situations — distressed assets, ground-up development, and special situations where value can be created through active management and capital solutions.
Featured Funds
Recent Funds
Firmus Property Fund III
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Firmus Property Fund I
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Firmus Property Fund II
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Track Record
Fund Performance
Net IRR
Divested Assets
Equity Multiple
Past performance is not indicative of future results.
Why Firmus
Built to Create Value.
01
Sourcing Edge
Established industry relationships and local market knowledge support access to investment opportunities, including off-market transactions.
02
Operational Value Creation
Integrated investment and asset management capabilities help identify and execute strategies to enhance property income and long-term value.
03
Disciplined Structuring
Investment decisions draw on careful due diligence, risk management and structures designed around each opportunity.
04
Institutional Experience
Our team brings experience across investment management, asset management and real estate development in key Asia-Pacific markets.
Our People
People at Firmus.
Lim Su Kiat
Founder & CEO Leads Firmus Capital's investments, strategic direction and growth.Leonard Lee
Managing Director Leads the firm's investment and asset management teams.James Kish
Development Director Leads development and asset management activities across existing and greenfield assets.Show more + Show less −
Wallace Khoo
Client Coverage Experience across investment management, deal structuring and fundraising for private and institutional capital.Carol Leck
Corporate Finance Manager Over 25 years of experience in financial accounting and management reporting.Rikki Suarez
Investment Management Manager Experience across real estate investment, portfolio strategy and asset management.
Licensed and Regulated
Our credentials in Singapore and Australia
CMS No. 100838
AFSL 513332
Get in Touch.
Whether you are considering an investment with Firmus or have an opportunity to share, our team would like to hear from you.