The 23 Fund
The 23 Fund is a company.
Active
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Financial History
Total Raised
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Valuation
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Leadership Team
Key people at The 23 Fund.
The 23 Fund is a company.
Key people at The 23 Fund.
The 23 Fund is a Singapore-based venture capital firm registered as a Variable Capital Company (VCC) with the Monetary Authority of Singapore (MAS), focusing on long-term capital growth through investments in equity and equity-related securities, primarily in US and Asia stock markets.[2][3] Its mission centers on active investing to identify growth companies poised to dominate amid technological disruption, particularly in the Fourth Industrial Revolution driven by AI and modern tech transforming traditional industries.[2][3] The investment philosophy combines value and growth strategies via a proprietary 23-step analysis framework, targeting 10-12% compounded annual returns (net of fees) over mid-to-long horizons (3-30 years), with holdings for years or decades to leverage compounding, reinvestment, and dividends.[2][3] Key sectors emphasize future trends in tech-disrupted industries and supply chains, seeking "Value in Growth" stocks with significant upside.[2]
While not a traditional VC backing startups en masse, it supports extraordinary entrepreneurs—potentially from networks like Stanford GSB MBA Class of 2023—and influences the ecosystem by spotlighting high-potential public and growth-oriented companies that edge out competitors early.[1][2]
The 23 Fund was founded by Ryan Tan, a fund manager with over 25 years of global investing experience, who serves as Founder and Chief Investment Officer.[2][3][4] Tan, a Mechanical Engineer graduate from Nanyang Technological University of Singapore, gained hands-on expertise in electronics manufacturing lifecycles working with giants like Samsung, Sony, Nokia, Apple, Foxconn, and Asus, spanning semiconductors to end products.[4] His passion for investing began in college; post-industry, he managed client funds in discretionary global multi-asset portfolios, delivering 27.6% average compounded annual returns from 2017-2024 on similar strategies.[4]
Incorporated as a Singapore VCC and registered with MAS, the fund's name derives from its rigorous 23-step analysis framework for vetting industries and supply chains.[2][3] A pivotal early marker: as of April 2021, Tan's referenced portfolio grew over 1073% to US$700+ (from Yahoo Finance data).[3] The fund evolved from Tan's manufacturing insights to a top-down focus on tech-driven growth companies.[2][4]
(Note: One source mentions backing Stanford GSB 2023 entrepreneurs, suggesting selective startup affinity alongside public equities.[1])
The 23 Fund rides the Fourth Industrial Revolution wave, where AI and tech displace traditional industries, positioning it to capitalize on supply chain shifts in US/Asia markets.[2][3] Timing aligns with accelerating tech adoption post-2020s disruptions, favoring long-horizon bets on compounding growth amid volatility.[3] Market forces like AI-driven manufacturing evolution and Asia-US equity synergies play to its strengths, as Tan's OEM background uniquely spots resilient players.[4]
It influences the ecosystem by validating "Value in Growth" companies early, potentially bridging public markets and entrepreneurial networks (e.g., Stanford ties), fostering tech dominance over decades.[1][2]
Next for The 23 Fund: Scale AUM via its MAS-registered VCC structure, deepening 23-step vetted portfolios amid AI-industrial booms, with Tan's team expanding analytics for precise entries.[2][4] Trends like AI supply chain reconfiguration and sustained compounding in volatile markets will shape it, potentially elevating returns beyond 10-12% if historical 27.6% patterns hold.[3][4] Influence may grow by mentoring tech entrepreneurs from elite networks, evolving from niche active manager to Fourth Industrial pacesetter—backing the future as traditional sectors yield to tech titans.[1][2]
Key people at The 23 Fund.
