YMC Capital
Fund strategies, deal software and corporate services.
YMC Capital Limited is the investment manager of Nodal SPC, a Cayman Islands segregated portfolio company. We also run a software platform for listing businesses and assets for sale, and provide Marshall Islands corporate services.
What we do
What we do.
Deal Network
On the Deal Network now.
Businesses and assets listed by their owners, each under a codename. Sign the NDA and the room opens to the material the owner has chosen to share.
Singapore
Open nowProject Nutmeg
Restaurant groupA Singapore restaurant group with a central kitchen and ten restaurants in shopping malls and HDB neighbourhood centres.
FY2025A revenue>S$16m>S$15m in FY2024A- Outlets
- 10
- FY2025A EBITDA Adjusted
- >S$1m
- ~7% margin
Taking requestsOpen the roomThailand
Coming soonProject Lantern
Boutique resortA boutique resort on Phuket's west coast, under 30 keys, with one restaurant and a pool, set on hillside land that its two Thai companies hold.
FY2025A revenue>THB 23m>THB 20m in FY2024A- FY2025A EBITDA
- >THB 4m
- ~18% margin
- Occupancy
- ~75%
- FY2025; ~65% this year
See the deal
Strategies
Our strategies.
Every strategy starts from one question: how do we not lose the money?
Credit
Lending in Asian markets the banks underserve. We underwrite every loan ourselves, we know our borrowers, and the principal is secured.
Distressed & Special Situations
It is designed to invest in single-name corporate defaulted private credit, stuck LP interests and other distressed positions.
Opportunistic / Bespoke
Dislocations, corporate events and one-off deals. We only do them when we understand the downside and the margin of safety is clear.
Digital Assets
The strategy is designed to hold Bitcoin for the long term and pay for it with conservative stablecoin income. No leverage. No derivatives. No speculation.
Insights
What we write about stuck positions
Practical notes on deciding whether to sell, wait, enforce, restructure or write down a difficult position. Written by the partners. No offers, no performance claims.
Strategy
How to Close Out a Position Nobody Will Bid On
General information on closing out a position that has no real bid. Not tax advice.
ReadFirm Brief
Launching the YMC Deal Network
We're opening the YMC Deal Network, a software platform for listing businesses and assets for sale.
ReadFund Education
Have You Diligenced Your SPV?
Holding pre-IPO shares through an SPV? Who controls it, whether it owns the shares, what you pay in fees, and the one question to ask the manager first.
ReadGet the next one. Roughly monthly, no offers, unsubscribe on any issue.
Leadership
Leadership.
Our partners have spent decades in investment banking, distressed credit, fund management and digital assets.
Moe Ibrahim
Co-Founder & CIO
30 years in capital markets and fund management. He was a Vice President at Lazard.
"The foremost emphasis must always be on the preservation of capital. Conservative and deliberate portfolio construction is always the best hedge."
Clement Wong
Co-Founder & COO
Co-founder of ExPopulus. He has built businesses in gaming, technology and digital assets. At YMC he runs fund operations, technology and the digital asset strategy, including blockchain research, DeFi analysis and crypto custody.
Infrastructure
A small firm with a proper structure.
YMC Capital Limited is certified by the BVI Financial Services Commission as an Approved Investment Manager (certificate no. IBR/AIM/25/2192) and is the investment manager of Nodal SPC, a Cayman Islands segregated portfolio company. We built our own platform for data rooms, e-signing, KYC and reporting.
Nodal SPC
Our Cayman Islands segregated portfolio company. Each portfolio’s assets, liabilities and NAV are legally separate from every other.
Client Portal
Documents, data rooms, e-signing and KYC behind one private login. We built it and we run it.