Family office Black Spade Capital invests in HK's IFCX

Black Spade Capital, the family office of Macau casino tycoon Lawrence Ho, has invested in Hong Kong-based real estate group IFCX, which aims to raise at least USD5bn from Asian investors for emerging-market property deals. IFCX operates platforms including Asian Bankers Club, Knightsbridge Partners, and Easy Pro, covering investor sales, developer representation, and global property services. The partnership will help IFCX scale its presence in markets such as Vietnam, Thailand, and the Middle East while integrating AI-driven tools for digital transactions and market analytics, said CEO Kingston Lai. Ho, worth USD1.2bn per Forbes, also chairs Melco Resorts and previously backed VinFast. Black Spade CEO Dennis Tam said emerging-market real estate aligns well with the firm’s investment outlook.