Andre Koo Jr., member of a Taiwanese family valued at $6.3B according to the Bloomberg Billionaires Index, has launched a New York-based hybrid venture capital and private credit firm, K8 Capital, and is reportedly seeking to raise $50M for his first fund.
In a recent filing with the SEC, Koo disclosed raising $3.7M in December 2024 for his first fund, K8 Fund I, against a stated target of $20M. In subsequent reporting by Bloomberg, Koo is actually seeking to raise “at least” $50M for the debut fund, which has a minimum investment of $500K and has so far tapped five investors, according to the SEC filing.
Koo founded the firm in 2023, at which time it operated as part of the Koo Family Office, but according to its website, K8 Capital is now operating independently from but still in coordination with the family office, in which Koo “remains actively involved.” According to Bloomberg, the Koo family dynasty dates back to 1895 and is one of Asia’s most influential families, with substantial holdings across a variety of sectors, including real estate, industrials, and finance.
The firm is targeting private credit venture transactions of up to $5M each in the artificial intelligence and enterprise software startups spaces and is already deploying capital, achieving gains of over 50% through short-term loans, according to documents obtained by Bloomberg.
