Frequently asked questions.

Enduring Ventures is a Singapore-based permanent-capital holding company. We buy exceptional Southeast Asian businesses from founders thinking about succession or what comes next — and we hold them for decades, not quarters. We are not a private equity fund with a mandate to exit.

Enduring Ventures was founded by Lucien Ong and publicly launched in January 2025. Lucien spent more than a decade in Southeast Asian M&A and corporate development — most recently as Director of M&A and Corporate Development at the Jebsen & Jessen Group — before building the buyer he wished had existed for the founders he worked alongside.

We are headquartered in Singapore. We invest across Singapore, Malaysia, Indonesia, Thailand, the Philippines, and Vietnam.

Yutaka is Enduring Ventures' first and platform acquisition — a 50-year-old industrial business supplying packaging machinery, food-service equipment, and system integration to food-processing and semiconductor customers across Asia. It was acquired in 2025 and continues to operate independently under its long-tenured leadership.

From first conversation to signed LOI typically takes three weeks or less. From LOI to close is typically 45–60 days. Our process is designed to let you keep running your business while we do the work.

Lucien reads every inbound personally and responds within 72 hours. If there is potential fit, he will schedule a 45-minute intro call — no materials required. After the call, we sign an NDA and ask for high-level financials. If the numbers work, we move to LOI.

Yes — always and early. We sign a mutual NDA before you share any financial information. We take confidentiality seriously. Your employees, customers, and competitors will not hear about this from us.

We buy 51–100% of businesses, with cash at close preferred. Deals are denominated in SGD by default, with USD available where appropriate. We do not use aggressive leverage and prefer not to tie earnouts to unreasonable projections. We pay fairly for real earnings and durable customer relationships.

SGD is our default currency. We can accommodate USD or other regional currencies depending on where the business operates and where the seller prefers to receive proceeds.

Less than most buyers. We do not load businesses with debt to amplify short-term returns. Our capital structure is designed for permanence — businesses we buy should be able to invest and operate without servicing an aggressive debt load.

Yes. We buy businesses to run them, not to strip them. Long-tenured leadership at every level is one of our core criteria. If you have built a team, we are betting on that team.

Almost never. Your brand has value with your customers. We do not have a portfolio rebrand agenda. Yutaka continues to operate as Yutaka.

We are flexible. Some founders stay for years. Some transition out within six to twelve months. We will work with you on a transition that is right for the business and right for you. What we do need is strong second-line leadership that can run the business without you.

Culture is one of the things we most want to protect. We invest in it — in open-book management, in profit-sharing with the team, and in the operational stability that lets cultures survive ownership transitions.

We are deliberate about sectors rather than agnostic. We focus on manufacturing, industrial services, distribution, business services, food processing, packaging, and semiconductor supply chain. We know how to underwrite and steward these businesses. We are not a software or tech acquirer.

Singapore, Malaysia, Indonesia, Thailand, the Philippines, and Vietnam. We are headquartered in Singapore and transact in SGD by default.

We typically look at businesses with SGD 5M–100M in revenue and SGD 1M–10M in EBITDA, with at least 10 years of operating history. These figures are indicative — if you are slightly outside them, reach out. We would rather have the conversation. {{needs_confirm: confirm size bands with Lucien}}

Yes — this is core to what we do. Many of Southeast Asia's best businesses are family-owned and approaching a point where the next generation is not in a position to take over. We are built for exactly this situation.

The most important difference: we have no fund clock. Private equity firms must return capital to investors within a defined window — typically five to seven years. That timeline creates pressure to sell or recapitalize businesses on a schedule that has nothing to do with what is best for the business. We are permanent owners. We do not have an exit horizon.

Yes. We work with M&A advisors, business brokers, and accountants representing sellers. If you are advising a business that may be a fit, email deals@enduringventures.co directly.