Black Spade Capital Limited

Black Spade Capital Limited is a Hong Kong-based private investment firm specializing in mergers and acquisitions. The firm manages a diversified global investment portfolio spanning public equities, fixed income, real estate, and pre-IPO opportunities. It has led significant transactions, including a $23 billion merger with VinFast Auto Ltd. through its SPAC, Black Spade Acquisition Co., in August 2023. Additionally, Black Spade Acquisition II Co, another SPAC sponsored by the firm, completed a business combination with The Generation Essentials Group in June 2025. The firm's investment strategy emphasizes innovation, diversification, and sustainable long-term growth, with a focus on sectors such as medical technology, entertainment, green energy, and culture. Black Spade Capital actively promotes the development of family offices in Hong Kong by supporting favorable government policies and participating in global events such as the BEYOND Wealth Summit. As of 2025, Lawrence Ho’s personal net worth stands at approximately US $1 billion, a significant decline from prior years. This estimate comes from Forbes’ assessment of the Hong Kong 50 Richest list, where Ho dropped off the ranking in February 2024 after his wealth fell from about $1.4 billion to roughly $1.0 billion over the preceding year.