Where Expertise Meets Opportunity

A leading real estate investment and asset management firm with on-the-ground presence across Hong Kong, Japan, and Taiwan.

Grounded in Asia. Built for Growth.

Our team's combined 50+ years of institutional experience delivers end-to-end expertise — from sourcing and underwriting to active management and exit.

Disciplined Capital. Local Conviction.

Proprietary deal sourcing through deep industry relationships — uncovering opportunities long before they reach the broader market.

About Us

Trivium is an Asia Pacific real estate investment and asset management firm with on-the-ground presence across Hong Kong, Japan, and Taiwan.

Trivium is a Latin word meaning “the meeting of three paths,” symbolising connection, clarity and disciplined thinking. In our real estate strategy, it reflects how we systematically connect three core dimensions: capital, assets and users. We focus on uncovering mispriced opportunities, then applying data-driven asset management and thoughtful design to align investor objectives with end-user needs. This three‑path framework guides how we underwrite risk, curate partnerships and create resilient income streams across markets. Trivium therefore captures our role in “connecting the dots” in a complex world, transforming fragmented information into clear, actionable investment conviction.

OUR FOCUS AREAS

01

Hong Kong Distressed & Credit

We pursue opportunities in hospitality, residential, and commercial assets, as well as credit opportunities, unlocking value through repositioning, refinancing, and upgrades aligned with market trends.

02

Japan Hotels & Living Strategies

We target core, value-add, and leisure hotels (limited-service to mid-scale), leveraging flexible rental and management structures with local partners. In the Living sector, we focus on off-market, yield-driven opportunities in supply-constrained, high-demand markets.

03

Real Estate Asset Management

We deliver best-in-class asset management across Hong Kong’s real estate sectors — including sourcing, leasing, sales & marketing, and disposals. Our clients include institutional investors, financial institutions, creditors, family offices, and high-net-worth individuals. By integrating AI-driven and marketing tools, we optimise operations and maximise returns.

04

Private Equity

We pursue opportunities in infrastructure, hospitality, proptech, and platform businesses (e.g., utilities, data centres, lodging) with a focus on sustainable, long-term growth.

Total ft²

Total AUM (Asset Value)

US$ 0 M+

Year's Combined Experience

0 +

Closed Deals

Assets

Founded

Our Investment Philosophy

We invest with discipline, conviction, and a clear focus on value creation. Every decision is grounded in rigorous analysis, active ownership, and the kind of local insight that only comes from being embedded in our markets for decades.

1. Strategic Focus

Targeting prime assets in key sectors and dynamic sub-markets to capture enduring demand and macro trends.

2. Proprietary Sourcing

Leveraging deep industry relationships to uncover high-quality, often off-market opportunities, including dislocations and special situations.

3. Risk Management

Applying detailed cash flow, yield, and downside analysis to deliver resilient, risk-adjusted returns.

4. Active Value Creation

Driving performance through operational improvements, repositioning, and active asset management applying AI and technology.

The Team

Leadership

Managing Partner

Richard Zen

Richard is Managing Partner at Trivium and is also affiliated with its anchor investor. Previously, he served as Vice President of Investments at Phoenix Property Investors, executing acquisitions, disposals, and fundraisings totalling US$2B+. His experience spans hotel operations with a listed Hong Kong developer and public accounting at EY, where he earned his CPA. A graduate of UC Berkeley, Haas School of Business, Richard is actively involved with the Urban Land Institute (ULI) and is among its youngest Global Governing Trustees.

Managing Partner

Wilfred Ma

Wilfred is Managing Partner at Trivium. Previously, he was Head of Hong Kong Investments at Phoenix Property Investors, overseeing equity and debt transactions of US$3B+. He began his career at Vermilion Capital Management, a Tokyo-based private equity real estate fund. Wilfred holds a BSc in Management (LSE) and an MSc in Real Estate (HKU), with additional studies in Japanese at Keio University. He serves on the ULI Hong Kong Executive Committee and co-chairs the Housing Committee.