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About Us

Trivium Asset Management is an Asia-focused real estate investor concentrating on commercial property, especially hotels. Through our extensive network, and relevant expertise, we strive to capture alpha in real estate investments for investors regionally, and across the globe. We believe that establishing, and maintaining, our reputation in the market is the key to our long-term growth and sustainability.

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Aerial Photo of an Intersection


Small Street in Japan

Japan Hospitality

We invest primarily in limited service hotel properties at a discount to market, in prime locations, with solid operations. Seeking core-plus returns but with core-like risk.

Image by Alessio Lin

Hong Kong Hospitality

Due to dislocations arising from COVID-19, and the global macro & geopolitical situation, we believe that this is a great time to invest in Hong Kong, which has been one of the most expensive and dynamic real estate markets in Asia. Typical investment would involve deal structuring to achieve downside protection, while participating in upside potential.


Image by Laura Thonne

Osaka Limited Service Hotel
120 Rooms

Image by KWON YOUN

To be updated

Image by Andre Benz

To be updated


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Richard Zen, CFA
Founder and Managing Partner

Prior to founding Trivium, Richard was a Director at FIT Investment, a family office investing primarily in hotels in the United States. He was responsible for FIT’s Asian initiatives, including investments in private equity and real estate. Before FIT Investment, Richard spent over 7 years at Phoenix Property Investors, one of the top private equity real estate funds in Asia, based out of Hong Kong.

He successfully led multiple acquisitions, disposals, and new fundraisings totalling over $2 billion. Focused primarily on direct equity transactions in Japanese hotels, China and Hong Kong real estate, as well as prop-tech and other PE/VC, and also real estate debt. Member of the Urban Land Institute (ULI) Hong Kong, and one of its youngest Global Governing Trustees. Initially started his career in public accounting at Ernst & Young in San Francisco, where he earned his CPA. Graduated with honors, BSc in Business Administration from UC Berkeley, Haas School of Business.

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