In 1987, he co-founded Morningside Group, a private equity and venture capital group.[3]
He is a director of Hang Lung Group, Stealth Peptides, Advanced Cell Diagnostics, Matrivax, Vaccine Technologies Inc, and Oxyrane.[5] He is also the Chairman and founding investor of Apellis Pharmaceuticals, Inc. (Nasdaq:$APLS)
As of 2015, he had invested over $100 million in the Harvard Square district of Cambridge.[4]
In September 2018, Chan opened luxury countryside hotel, Heckfield Place, in Hampshire, England, a renovated 18th-century manor house and farm.[7]
In September 2021, the Chans' Morningside Foundation donated $175 million to the UMass Medical School in Worcester, MA, and it changed its name to UMass Chan Medical School.[8]
In March 2022, the Morningside Foundation donated $100 million to found the MIT Morningside Academy for Design, intended to "encourage design work at MIT to grow and cross disciplines among engineering, science, management, computing, architecture, urban planning, and the arts."[9]
Personal life
Chan is married to Beryl, and they have two sons, Ashley being the eldest.[4]