Alliance Consulting Group

Alliance Consulting Group is a boutique PE Firm serving a precise group of clients. Founded by Alex Cheng in 1997, it was introduced as a traditional CPA firm with the objective of helping emerging businesses and individuals with tax matters, bookkeeping, payroll and management advisory. However, it quickly grew to a 4-office, 26-employee small regional firm by the year 2000 through strategic acquisitions of neighboring CPA firms. In 2006, ACG shifted its focus, combining all of its expertise in order to solidfy an integral business consulting firm.

Since its early years, Alliance has managed assets for high-networth individuals. After repositiong, the team expanded its wealth management and investment advisory to even higher-networth clients. Currently we act as appointed representatives, manage multiple Private Equity Funds, with combined net assets of $800MM. For the past ten years and under the advisory of Alliance Consulting Group, our clients have placed majority of funds in multi-family rental apartments. Specifically, the Funds have acted as Sponsors and/or General Partners in the comprehensive development of such projects. Our investment horizon is typically 4-7 years. We have perfected our model of: Build – Stabilize – Profit. Alliance’s performance has been steadily in the low-20% on the annual basis (leveraged). We also work with an exhaustive construction lending platform which provides the necessary funding with minimum equity requirement.


While the demand for multi-family rental units in the U.S. are on the rise, our team has also made headway in purpose-built student housing apartments. In the last 10 years, we've performed extensive research to advise our clients and provide them with conservative yet high-return investments. Upon approval from our client, ACG will take over all aspects of process from land acquisition to sale at exit point, working with realtors, developers, general contractors and professional national management companies.

Our network is the foundation of our success, and we have earned the utmost trust from our clients. We look forward to working with you in your next project.

Our Approach

ACG prides itself on providing authentic guidance, skillful management and tailored financial strategy to a precise community. Over the past 17 years, our focus has been on working alongside our clients  to guarantee progress, stability and longevity of new and existing ventures. We perform extensive research while exploring the most innovative opportunities, strategies and alliances for our clients. 



Alex Cheng
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With more than forty years of consulting experience in various sectors of financial services,

Alex Cheng is highly skilled in Private Equity (PE) Fund management and has extended knowledge in a wide variety of industries with a deep understanding of operations, investment and accounting. 


As a CPA with +20 years in public accounting practice, Alex has been a trusted professional of 

the elite accounting KPMG as well as of Caltex Petroleum Corporation as its Director of Finance of 

the Asia Pacific region, before starting his own consulting firm. Over the years, he has 

established a large network of valuable contacts and gained firsthand experiences of business 

culture in the U.S. and Asia.


With today's increasingly complex financial dynamics worldwide, 

Alex works to structure and execute financial management strategies tailored to his clients. He is a seasoned professional who demonstrates the highest level of integrity and commitment to his client’s success while having the experience to address their current and future financial goals.


For the past 24 years, Alex Cheng has led his consulting firm, Alliance Consulting Group, to be one of the leading boutique PE fund management firms in the Southeast United States.The firm started 

its first PE Fund client in 1999, and is currently managing portfolios with a combined asset base of over $800 million with main focuses and concentration on multi-family housing development.

"ACG helped my company make strategic financial decisions. They  created new opportunities and walked us through each step."