Suvir Varma, formerly head of Bain & Company’s financial investor practice in Asia Pacific, has been appointed chairman for Asia Pacific at placement agent Campbell Lutyens.
A selection of the transfers, promotions, arrivals, and departures in the private equity community in 2022
Raffles Family Office, a Hong Kong-based multi-family office, has named Zann Kwan as CIO and managing partner of its digital assets unit.
Northleaf Capital Partners, a Canada-based asset manager that invests in private equity, private credit, and infrastructure, has opened a Tokyo office to spearhead fundraising activity in Asia and is considering the addition of a Korea presence.
Swee Yeok Chu, CEO and president of Singapore government investor EDBI, is stepping down from her role with a view to launching her own fund.
Singapore-based Wavemaker Partners has appointed Andy Hwang, an angel investor and start-up mentor transitioning into venture capital, as a general partner.
Atul Phull, who spent nine years with India and Southeast Asia-focused private equity firm Everstone Group across two stints, has joined the private funds group at UBS as an executive director.
India’s Jashvik Capital, a private equity firm set up by Naresh Patawari, formerly a partner at TA Associates, has achieved a first close of undisclosed size on its debut fund. The target is USD 350m.
Institutional investors continue to pursue more active roles in private equity, even as a souring macro backdrop makes the game harder to play. Talent is always the key variable
The Carlyle Group has appointed Geoff Hutchinson, formerly of Morrison & Co. and Pacific Equity Partners (PEP) as a managing director and head of private equity for Australia and New Zealand.
Permira has established a presence in India and recruited Siddharth Narayan, who previously spent a decade at Warburg Pincus, as country head.
Japan’s Advantage Partners has hired Rahul Bhargava, previously of ADV Partners, as a partner and co-head of Asia ex-Japan. It coincides with the acquisition of a Japanese jewellery industry supplier.
Martin Scott, head of Australia at Partners Group, is taking on an expanded, investment-focused role as the firm looks to put more capital to work in Australia and New Zealand.
Goldman Sachs has recruited David Grayce, formerly of Pacific Equity Partners, as part of efforts to expand its private investing business in Australia and New Zealand.
Mirae Asset Global Investments has expanded its Australian alternatives team with the recruitment of James McGrath, formerly an investment director at local VC firm OneVentures.
Anuradha Ramachandran, who was previously an India-based director at financial technology specialist Flourish Ventures, has joined TVS Capital Funds as a managing partner.
Ontario Teachers’ Pension Plan (OTPP) has opened an office in Mumbai, adding India to an Asian footprint that currently includes bases in Hong Kong and Singapore.
HarbourVest Partners has opened an office in Sydney on the back of claimed recent success in cultivating institutional and private wealth clients in Australia and New Zealand.
Initative Climat International (ICI), a private equity community dedicated to stemming global warming, has launched an Asia Pacific chapter, signalling a growing regional commitment to climate issues.
The team behind Indian angel investor GrowX Ventures has launched a separate fund targeting USD 100m under the name Merak Ventures.
Korea Investment Corporation (KIC) has appointed Hoon Lee, previously head of its investment strategy and innovation division, as CIO.
Partners Group has initiated full-scale coverage of Japan’s private equity market with the recruitment of Tatsuya Ochi to lead local operations for the asset class.
Waterfall Asset Management, a US alternatives manager primarily active in the private debt space, has established an Asia presence with the opening of an office in Hong Kong.
Kewsong Lee has resigned as CEO of The Carlyle Group just over two years since assuming the role on a solo basis, with co-founder Bill Conway taking over in an interim capacity.