Built by practitioners. Structured for institutions.
Altrus Capital Partners was founded to do one thing exceptionally well—finance genuine commodity trade with discipline, transparency, and a relentless focus on getting capital back.
A track record earned in the market.
Altrus Capital Partners is a Singapore-based commodity trade finance specialist. Since 2020, our founding team has deployed more than US$715 million across 911 transactions with a 100% repayment record and an average tenor of roughly seventy days—exposure that is short, secured, and self-liquidating by design.
That record was forged through cycles, not in spite of them. Our methodology was developed financing physical flows across Asia’s supply chains, where the difference between a clean trade and a loss is written into the structure long before the cargo ships.
An architecture designed to protect.
Our structure separates origination and control from investor-side complexity—so security, enforcement and borrower relationships sit with a single, founder-controlled lender of record.
Advisor & Agent
ACP acts as Fund Advisor and as Facility and Security Agent, with regulated fund management conducted through the relevant licensed entity.
Anchor Lender of Record
A founder-controlled lending entity holds the borrower relationship and security package, insulating it from investor-side complexity.
Acceding Capital
Fund vehicles accede as lenders and share fund economics and security, while origination, control and enforcement remain centralised.
The people behind the discipline.
Richard Liao, CFA
Co-Founder · Managing Partner · CEO & CIO
Richard leads origination and credit at Altrus, serving as both lead originator and chief risk officer in substance—the same person who originates a deal lives with its consequences. He built the origination business of SCCF Singapore, a specialist commodity trade finance platform within the Horizon Capital AG ecosystem, deploying more than US$715 million across 911 transactions with zero credit losses through multiple global dislocations. His earlier career spans senior structured trade and commodity finance roles at Habib Bank, UBAF and Bank of China in Singapore, covering energy and hard and soft commodities across Southeast Asia, the Indian subcontinent, MENA and Sub-Saharan Africa. He holds an Executive Master in Finance with Distinction from INSEAD and is a CFA charterholder.
Jonathan Wong
Co-Founder · Managing Partner · Chief Strategy Officer
Jonathan leads investor relations, capital formation and fund structuring at Altrus, operating under the MAS Representative Notification Framework to conduct regulated fund management activity on behalf of the fund’s CMS-licensed manager. His background spans multi-family-office portfolio management, VCC and SPV structuring, and fund implementation under Singapore’s 13O and 13U schemes, with earlier roles at Horizon Capital AG and in private banking at Standard Chartered and DBS. He holds a BSc in Accountancy (Honours) from Nanyang Technological University.
Let’s talk about your allocation.
We welcome conversations with institutional allocators, family offices and qualified investors.