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Welcome to Pegasus Capital

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This website contains information about Pegasus Capital (the “Company”) and any funds/products offered by it. This website is not directed at any person in any jurisdiction where the publication or availability of this website is prohibited. Persons in respect of whom such prohibitions apply must not access this website. Those who access this website do so on their own initiative and are therefore responsible for observing all applicable laws and regulations of their relevant jurisdictions before proceeding to access the information contained in this website.

The information provided in this website does not constitute an offer or an invitation to induce an offer by any person to acquire, purchase, or subscribe for any securities or any of the investments mentioned herein, in any place where such an offer or solicitation is not permitted by law. The information provided in this website is not intended for distribution to, or use by, any person or entity in any jurisdiction or country that would subject the Company to any registration requirement within such a jurisdiction or country.

The information in this website is for general information and reference only and does not constitute nor is it intended to be construed as any professional advice or recommendation to deal in any securities or investments or to adopt any investment strategy. No information on this website shall form the basis of or be relied upon for making any investment decisions.

Investors must make their own assessment of the relevance, accuracy, and adequacy of any information, projections, and/or opinions provided on this website and should seek independent advice from relevant professional advisers before making any investment decisions. Pegasus Capital does not guarantee the suitability or potential value of any particular investment. Investments involve a degree of risk. Past performance is not indicative of future performance. The value of any investment and the income derived from it can fall as well as rise. Investors should read the relevant offering document of a fund for further information, including the risk factors, before making any investment decisions. Investors should also consider their own investment objective and risk tolerance.

While Pegasus Capital takes care to ensure that the information on this website is accurate and up-to-date as of the time of publishing, it may no longer be true, complete, or applicable when viewed by an investor. All information contained herein may be changed or amended without prior notice. To the fullest extent permitted by law, the information on this website is provided on an "as is" basis without any representation or warranty of any kind. As such, no reliance should be placed on the fairness, adequacy, accuracy, completeness, or correctness of any content contained herein, whether it has been provided by Pegasus Capital or a third party. Pegasus Capital shall not be liable for any losses or damages relating to the fairness, adequacy, accuracy, completeness, or correctness of any information on this website or the use of or reliance on any of the content herein. Also, Pegasus Capital is not responsible for any errors or omissions relating to information provided by any third party.

The content contained herein and any funds offered are directed at and intended only for "professional investors" as defined in the Securities and Futures Ordinance (Cap. 571), and are pursuant to the relevant offering documents, subscription forms, and fund documents, all of which must be read in their entirety. No offer to purchase any securities will be made or accepted prior to the receipt by the offeree of these documents and the completion of a formal application form or other application procedure that is required in respect of the offering document.

This website has not been reviewed or authorized by the SFC or any regulatory authority in Hong Kong. Investors are advised to exercise caution in relation to any offer. If an investor is in any doubt about any of the content on this website, the investor should obtain independent professional advice.

About Pegasus Capital

Pegasus Capital is a group of experienced investment managers specializing in Japan real estate assets. We work with institutions, family offices, and private banks to deliver high absolute returns on selectively individual and portfolio opportunities in gateway cities. With our proven track record, we seek to provide the best investing experience to our clients.

Our Angle

An edge built on multiperspectives

Pegasus Capital finds opportunities few others do, we dive deep in our due diligence and move fast to close deals focusing purely on the Japan real estate market.

We are a group of investors with experience deploying capital across public/private equity, credit and property - this gives an unique ability to structure the best outcome and highest returns.

Pegasus Capital, registered as PEG Capital Limited, is a real estate private equity firm licensed under SFC Type 9 for asset management.

We operate as a family of funds, with PEG Capital Limited serving as the licensed manager of these funds. Our investment strategy focuses on sourcing and acquiring real estate assets across the Asia Pacific region, with an initial emphasis on Japan. Our goal is to deliver capital growth to our investors through disciplined fund management and strategic property investments.

For more information, reach out via email or join the waitlist for our next deal and we will be in touch.

Founding & Managing Partner

Perry Tan, CFA, CAIA, FRM

Seasoned investor with 10+ years experience working in Award Winning Hedge Funds
Winner of multiple top awards from Global Investment Competitions hosted by SumZero and FactSet
Led multi-asset investments at family office; achieved CAGR of over 20% over >5 year period through private investments, equity, credit, and special situations investing
Graduated from the University of Chicago with a B.A. in Economics

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What’s New

News & Announcements

Stay up-to-date with the latest news and announcements from Pegasus Capital. Our team regularly posts updates about new investment opportunities, portfolio changes, and more. We are committed to transparency, ensuring that our clients are informed about their investments and have access to the latest news and announcements from Pegasus Capital.

Pegasus completes sale of Tokyo Shibuya Harajuku multi-family residential

Pegasus today announces the sale of a multifamily residential building located in Shibuya to a local real estate company.

Relaunch of Distressed Hospitality Asset in Kyoto

The hotel acquired by Pegasus Capital last December at below replacement costs and close to double digits normalized cash yields has relaunched with a new operator and a hotel name, ORI Rokkaku.

Acquiring third Kyoto hotel - at below replace cost

This boutique hotel was purchased at attractive valuations because the previous owner could not service their debt obligations thus resulting to a forced seller scenario. Through our networks in Japan, we managed to negotiate with the seller’s financing bank directly and managed to negotiate and purchase the asset at below its replacement cost and close to double digits normalized cash flow yields.

Pegasus Capital featured in List Sotheby's International Realty Hong Kong’s publication

Our founder Perry Tan, CFA, CAIA, FRM was featured in List Sotheby's International Realty Hong Kong’s recent publication.

Pegasus enters 3-way Strategic Agreement with Orion and Wayfarer株式会社

The 3 parties will explore real estate investment opportunities in Japan. Orion is a privately owned property and investment group based in Hong Kong and Wayfarer 株式会社 is a Japan-based tech-enabled hospitality brand that optimizes property returns with proprietary automations and a unique operating approach.‍

Acquiring second boutique hotel in Kyoto

With the onslaught COVID-19, we have been actively looking for distressed opportunities in Japan. This hotel was put on sale by a regional cash strapped developer. We managed to purchase the hotel at over a 20% discount to theasset’s replacement cost, over a 30% discount to the asset’s appraisal value and double digits normalized cash flow yields thus providing us with a huge margin of safety.

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