Originally established in June 1982 as JR Consulting, Inc., a Nevada corporation, to primarily engage in mergers and acquisitions, the Company changed its name to Providential Holdings, Inc. in 2000 after it acquired a California-based investment banking and asset management company.  In 2009, the Company changed its name to PHI Group, Inc.

At the present, the Company provides M&A advisory and consulting services through its wholly-owned subsidiary PHI Capital Holdings, Inc. (www.phicapitalholdings.com) and has established PHI Luxembourg Development S.A. (www.philux.eu) as the mother holding company for PHILUX Global Funds, a Reserved Alternative Investment Fund (“RAIF”) under the laws of Luxembourg with multiple compartments for investment in selective industries and opportunities.