Who we are
At the core of ERWA Capital is a seasoned leadership team with decades of experience across global financial markets, credit, real estate, and digital finance.
Through our evergreen fund — Allied Real Economy Fund (AREF) — we offer investors curated access to real asset opportunities, backed by institutional discipline and an investor-aligned liquidity structure.
Structured as a Variable Capital Company (VCC) in partnership with Evolve Capital Management Pte. Ltd. (a licensed MAS fund manager), AREF is purpose-built to deliver recurring yield and long-term capital appreciation.
Leadership Team
Backed by decades of experience and trusted operator networks
Randy Tan
Founder, Board Director
20 years Fintech pioneer in digital payments and financial services
Founded and scaled Red Dot Payment from USD 18M to over USD 1B in annual transactions
Former executive at Visa and Citibank
Koh Boon Pin
Chief Executive Officer & Chief Investment Officer
30 years of global multi-asset investment experience across public and private markets
Former Managing Director at SeaTown Holdings, a Temasek-owned investment firm
Johnny Chee
Chief Strategy Officer
20+ years of experience across payments, banking, hospitality, and commercial real estate.
Leads hospitality investments, merging operating insight with structured deal execution across the sector
Advisory Team
Randy Tan
Founder, Board Director
20 years Fintech pioneer in digital payments and financial services
Founded and scaled Red Dot Payment from USD 18M to over USD 1B in annual transactions
Former executive at Visa and Citibank
Koh Boon Pin
Chief Executive Officer & Chief Investment Officer
30 years of global multi-asset investment experience across public and private markets
Former Managing Director at SeaTown Holdings, a Temasek-owned investment firm
Johnny Chee
Chief Strategy Officer
20+ years of experience across payments, banking, hospitality, and commercial real estate.
Leads hospitality investments, merging operating insight with structured deal execution across the sector
Allied Real Economy Fund (AREF)
ERWA Capital’s Evergreen Real Asset Fund
Resilient Income Generation Balanced with Long-term Capital Appreciation
AREF is structured to deliver risk-adjusted performance through a diversified portfolio of private credit and real asset strategies across Asia, anchored in Singapore.
Why Consider AREF?
Our portfolio spans Singapore’s real estate, Asia’s hospitality, and SME Credit — each selected for its recurring cash flow potential, downside protection, and strategic value.
Deep Connection
Led by seasoned professionals across investment, entrepreneurship, and real assets
Direct Access
Exposure to opportunities in Singapore landed property, hospitality, and private credit
Inclusive Capital
Supporting underbanked enterprises through tailored financing strategies
Structured Liquidity
Offers both conventional redemption and digital exit pathways for investor flexibility
Talk to our Team
Important note: Thank you for your message. Your submission has been received and will be treated with strict confidentiality. A member of our team will be in touch within 2–3 business days. Please note that this website is for general information only and does not constitute an offer to invest. Any investment-related communications will be conducted in accordance with MAS regulations and are intended solely for accredited investors.
