Hong Kong School Group Seeks Advisor for $400 Million Endowment

The English Schools Foundation, one of the largest education groups in Hong Kong, is looking for an investment advisor to help manage its endowment, according to people familiar with the matter.

The ESF Group, which operates 22 schools in Hong Kong with some 18,500 students, recently reached out to firms to help it build its nascent endowment, according to the people, who declined to be named citing private discussions. The endowment’s assets were worth almost $400 million in August 2024, the last time the group disclosed its accounts.