Programme - Investment Summit (Day one)
Wednesday, 18th November 2020
Macro update: The big picture for private markets
J. David Enriquez
- What are the key macroeconomic issues for private investors in 2020 and looking forwards?
- How are attitudes towards regulatory risk evolving?
- Should GPs alter their strategies in anticipation of deglobalisation?
- How is the global outlook impacting private markets?
Head of Private Equity, Bureau of Asset Management, OFFICE OF NEW YORK CITY COMPTROLLER SCOTT M. STRINGER
Plenary address - Turbo-charging the Asian Century — how COVID-19, the new America, and AI will speed-up the rise of Asia-Pacific
Asia buyouts: Futureproofing for success
- To what extent are managers adapting their investment theses?
- How are GPs addressing the vulnerabilities exposed by COVID-19?
- Any changes as to the availability of debt financing and equity co-investment?
- What skills or qualities will ensure GPs stay competitive over the next decade?
Global venture capital: Taking the temperature
- How does activity in Asia compare to Europe and the US?
- Are governments doing enough to support start-ups?
- What are the key sectors and themes for 2021?
- How has COVID-19 accelerated technological disruption?
Track 1: The middle market: Still a bright spot?
- How has deal flow been impacted in the near term?
- Have macro challenges tested approaches to operational improvement?
- To what extent are GPs building up sector and functional expertise?
- Do lower valuations necessarily point to a strong vintage?
Track 2: Distress: The inevitable opportunity
- Will there be a surge in activity as stimulus policies wind down?
- How will the current cycle differ from the post-global financial crisis period?
- Are developed markets more attractive than developing markets?
- Which distress strategy is preferable – pan-regional or single country?
Managing Partner & Chief Executive Officer, ARES SSG CAPITAL MANAGEMENT (HONG KONG) LIMITED
Fireside Chat: Addressing a new operating environment
Track 1: China: Resilience and recovery
- What have been the bright spots in 2020?
- How are China-US tension impacting the private equity landscape?
- To what extent is the technology sector losing its shine?
- What has China’s relatively early recovery meant for returns?
Track 2: Southeast Asia: Order in fragmentation?
Huai Fong Chew
- Which jurisdictions have seen the most traction this year?
- What opportunities are emerging from supply chain diversification?
- How have travel restrictions impacted cross-border expansion plays?
- What do LPs think about sub-regional and single country strategies?
Regional Lead for the East Asia & the Pacific PE Funds team, INTERNATIONAL FINANCE CORPORATION
Institutional perspective: The LP of the future
- What should define the partnership or collaborative model?
- Will traditional asset allocation silos be replaced by a thematic approach?
- How can large LPs take advantage of smaller-scale opportunities?
- What are the LP of the future’s needs regarding team size and skills?
An error occurred trying to play the stream. Please reload the page and try again.Close
Tim Burroughs is managing editor of Asian Venture Capital Journal, having joined the publication in May 2011. He is responsible for all editorial content put out under the AVCJ brand, including Asian Venture Capital Journal, AVCJtv, AVCJ Awards and AVCJ.com. Tim previously spent five years at China Economic Review, serving as editor-in-chief and then editorial director. Located in Greater China since 2003, during which time he has lived in Beijing, Qingdao and Hong Kong, Tim has been a China-based contributor for publications including The Sunday Times, Sunday Telegraph, BBC and China Daily. Prior to moving to China, he trained and worked as a journalist in the UK. He was honored at the Society of Publishers in Asia awards in 2007, 2008 and 2010, and at the State Street Institutional Press Awards - Asia in 2012.
Wilson Warren is the President of Lexington Partners and Co-Chair of the Secondary Investment Committee. Mr. Warren is primarily engaged in the management of Lexington’s investment operations and oversight for the secondary and co-investment funds. During 26 years at Lexington, he has been actively involved in more than 100 completed secondary transactions – including complex partnership portfolios, direct secondary investments, hedge fund private equity assets, institutional equity co-investments, and GP solutions transactions, committing more than $18 billion of invested capital including syndications to LPs and other investors. Prior to joining Lexington in 1994, Mr. Warren was an associate at Landmark Partners and prior to that he was an analyst in investment management at LaSalle Partners. Mr. Warren graduated from Williams College with a BA in economics.
Kewsong Lee is the Chief Executive Officer of Carlyle, Chairman of the Executive Group, and was elected to the Board of Directors effective January 1, 2018.
Mr. Lee joined Carlyle in 2013 as Deputy Chief Investment Officer for Corporate Private Equity and in 2016 he assumed the additional role of leading the Global Credit segment. Prior to joining Carlyle, Mr. Lee was a partner and a member of the Executive Management Group at Warburg Pincus, where he spent 21 years.
He is currently the President of Lincoln Center Theater, Vice Chairman for the US Chamber of Commerce China Center and a member of the Business Roundtable and Global Advisory Council of Harvard University. He also serves on the board of the US China Business Council and FCLT Global, and is a Trustee of the Center for Strategic and International Studies and an Executive Committee Member of the Partnership for New York.
Mr. Lee has been married to his wife Zita Ezpeleta for over 25 years, and they have two adult children. He earned his AB in applied mathematics in economics at Harvard College and his MBA from Harvard Business School.
As Co-Head of Origination, Francois is responsible for managing the firm’s investment origination activities worldwide. He is based in the firm’s London office.
Prior to joining Coller Capital in 2007, Francois worked in the Investment Banking division of UBS in London. Previously, he worked at Gimar Finance and PAI Partners in Paris, and at Société Générale in New York.
Francois has an MSc in Engineering from École Nationale des Ponts et Chaussées in France, and an MBA from INSEAD.
J. David Enriquez serves as the Head of Private Equity for the Bureau of Asset Management in the Office of the New York City Comptroller. In this role, he leads the investment activity of the Private Equity team in pursuing new initiatives, making recommendations and managing the private equity portfolio of the five New York City retirement systems.
Prior to joining the Bureau of Asset Management, Mr. Enriquez was an investment banking Director at Rothschild. Prior to that position, was also an investment banker at Merrill Lynch and Bear Stearns. He has worked on financing and strategic advisory transactions representing more than $200 billion in transaction value. Mr. Enriquez began his transactional career as an Associate at Sullivan & Cromwell in the Mergers & Acquisitions Group.
Mr. Enriquez holds an A.B., magna cum laude, Phi Beta Kappa, from Brown University, an M.P.A. from the Woodrow Wilson School of Public and International Affairs at Princeton University and a J.D. from Columbia Law School, where he was a Harlan Fiske Stone Scholar.
Mr. Cornell is the Senior Partner of Cornell Capital. Prior to founding the firm, he was the Vice Chairman and one of the original architects of the Merchant Banking Division of Goldman Sachs.
Mr. Cornell has over 35 years of experience across all aspects of private equity investing in a broad array of industries. He began his career as an attorney with Davis Polk & Wardwell before joining Goldman Sachs’ Investment Banking Division in 1984. He moved to Tokyo in 1988 to found Goldman Sachs’s real estate efforts in Asia, and then moved to Hong Kong in 1992 where he founded Goldman Sachs’ principal investment business in Asia. Under his leadership, Goldman Sachs made numerous landmark investments in the region, including Industrial and Commercial Bank of China (ICBC), Kookmin Bank, Ping An Insurance Company of China and Sanyo Corporation. Henry returned to New York in 2000 as the Head of Private Equity Americas and Asia, and as a member of the Global Investment Committee. He was subsequently named Vice Chairman of the Merchant Banking Division. Henry’s notable US investments while at Goldman Sachs include Allied World, Barrett Energy, Cobalt, Kinder Morgan, MRC Global and USI.
Henry is a Director of Corelle Brands, Blue Mistral, MRC Global, PureStar Linen Group and Talcott Resolution.
Henry is a member of the Board of Trustees of Mt. Sinai Hospital, the Whitney Museum, The Asia Society and the Navy SEAL Foundation, and is a member of the Council on Foreign Relations.
Mark Hersee is a Partner and covers the European healthcare sector.
Mark joined BC Partners in London in 2008. Previously, he spent 5 years at Hermes Focus Asset Management, a large cap UK activist fund, acquiring stakes in public companies with a view to improving returns. Prior to this, he worked as a European equity analyst at Bank of America and also spent 6 years as a fund manager at UBS Asset Management based in London.
Jesper Koll has been investing in Japan since becoming a resident in 1986. Over the past two decades, Koll has been consistently ranked as one of the top Japan strategists/ economists, having worked as Chief Strategist and Head of Research for major U.S. investment banks J.P. Morgan and Merrill Lynch. His analysis and insights have earned him a position on several Japanese government and corporate advisory committees. In late-2016, Governor Koike appointed Koll to her Tokyo Financial Center Advisory Board. He is also one of the few non-Japanese members of the Keizai Doyukai, the Japan Association of Corporate Executives.
Juan is a Vice Chairman and Head of International at Hamilton Lane, based in the firm’s Hong Kong office, where he oversees the firm’s Asian and European investment activities and client relationships.
Prior to joining Hamilton Lane in 2005, Juan was an Investment Manager at Baring Private Equity Partners Ltd. in London, where he focused on mid-market private equity in Europe. Previously, Juan held senior research positions at UK institutions such as the University of Essex and was a lecturer and Fulbright Scholar at Stanford University. Juan began his career as an analyst in Madrid at the SEPI (formerly known as lnstituto Nacional de Industria).
Juan received a Ph.D. in Research Methods/statistics and a B.A. in Political Science and Sociology from the Universidad Complutense de Madrid, Spain. He is a Chartered Financial Analyst, a member of the CFA Institute and the Securities Institute.
Mr. Gross-Loh joined Bain Capital in 2000. He is a Managing Director and founding member of Bain Capital’s Asia business—comprising Private Equity, Credit/Special Situations, and Life Science and Venture investments--which he now heads serving as Managing Partner. Mr. Gross-Loh started and managed the Tokyo office in 2006 and previously worked in the Boston and New York offices. Mr. Gross-Loh is a member of the Partnership Committee, the Global Private Equity Board and Operating Committees at Bain Capital.
Prior to Bain Capital, Mr. Gross-Loh was a consultant with Bain & Company from 1998-2000 and worked with NEC Corporation in Tokyo from 1992 to 1996.
Mr. Gross-Loh received an MBA from Harvard Business School where he was a Baker Scholar and a BS from the Wharton School of the University of Pennsylvania.
Mr. Gross-Loh serves on the Board of several companies including Kioxia (formerly Toshiba Memory), Japan Wind Development, Retail Zoo, Rise Education, and Showa Aircraft. He serves on several non-profit Boards including the Berklee College of Music, Boston Children’s Hospital, University of Pennsylvania School of Arts and Sciences Board of Overseers, and the Center for the Advanced Study of India
Ganen Sarvananthan is the Co-Managing Partner of TPG Capital Asia and Head of Southeast Asia. Prior to joining TPG in 2014, Ganen served as Head of Investments at Khazanah Nasional Berhad, the Government of Malaysia’s strategic investment fund, for almost a decade. He also worked at UBS Investment Bank based in London, Hong Kong and Singapore for more than seven years.
Mr Tang is the Founding Chairman and Managing Partner of Affinity Equity Partners following its spin-off from UBS in 2004. Prior to that, he was the Chairman of UBS Capital Asia Pacific, the private equity arm of UBS since 1999. Before UBS Capital, he was the Chief Executive for Investment Banking, East Asia at Union Bank of Switzerland since 1995. Following the merger of Union Bank of Switzerland and Swiss Bank Corporation to form UBS, Mr Tang became Chief Executive, Hong Kong, of UBS Group and Asia Regional Head of Investment Banking for UBS Investment Bank. Prior to Union Bank of Switzerland, he served as President and CEO of Banque Indosuez’s Asian investment bank and Chairman of WI Carr (Far East) Limited, one of the leading stockbroking firms in Asia. Mr. Tang began his financial career with Chase Manhattan Bank. During his 17 years at Chase, he served in a number of senior roles in Malaysia and Hong Kong.
Yichen ZHANG is the Chairman and CEO of CITIC Capital Holdings Limited. Mr. Zhang began his career on Wall Street in 1987 at Greenwich Capital Markets. He later joined Bank of Tokyo as Head of Proprietary Trading, and Merrill Lynch as Managing Director of Debt Capital Market for Greater China. In 2000, he joined CITIC Group as the President of CITIC Pacific Communications and Executive Director for CITIC Pacific (now CITIC Limited). He founded CITIC Capital in 2002 and has been involved in all phases of the firm’s development since then. Under his leadership, CITIC Capital has led a number of landmark deals, investing in some of China’s leading companies, including McDonald’s China, Alibaba, Sina, Harbin Pharmaceutical, SF Express, AsiaInfo and Focus Media. He is the Chairman of McDonald's master franchised business in China & Hong Kong, the Chairman of Harbin Pharmaceutical Group Holding Company, as well as the Chairman of Universal Medical. He also sits on the boards of Sina Corporation, AsiaInfo, SF Express, Frontier Services Group, and the Russia-China Investment Fund.
Mr. Zhang is a leader in the alternative investment industry. He is a board member of the Emerging Markets Private Equity Association (EMPEA), Executive Committee Member and former Chairman of the China Venture Capital and Private Equity Association (CVCA). He is also a Vice Chairman in Beijing Private Equity Association (BPEA), Tianjin Private Equity Association, and a Vice Chairman of the PE and Buyout Funds Committee under the Asset Management Association of China (AMAC).
Mr. Zhang is also a leader in political, economic and social communities. He is a member of the Eleventh, Twelfth and Thirteenth National Committee of the Chinese People's Political Consultative Conference (CPPCC), Senior Vice Chairman of Center for China and Globalization (CCG), a member of the Board of Trustees at the Carnegie Endowment for International Peace, a council member of Future Forum, and a board member of Aiyou Foundation.
He obtained his degree in Computer Science from Massachusetts Institute of Technology. A strong believer in education, Mr. Zhang has been supporting Phillips Academy Andover as a trustee, Yale Asia Development Council as a council member, Dalton Foundation as a board member, Duke Kunshan University as an advisory board member, Westlake University as an external board member, and the Tianjin Juilliard School as an advisory board member.
Will Cai is a corporate partner and the head of Cooley Asia capital markets. His practice focuses on cross-border China-related legal matters. He represents issuers and global investment banks in US and Hong Kong capital market transactions. He also advises private equity funds and multinationals in their investments in the Greater China region, as well as Chinese companies in their cross-border M&A activities.
Will has worked on 50+ successful IPOs in the US and Hong Kong capital markets in the last decade, with a focus on life sciences, technology and new economy companies. In addition, Will has represented a significant number of leading new economy companies in their M&A transactions, including a number of landmark deals.
The deals Will has worked on over the years have garnered a number of rankings and accolades including the ‘Best IPO of 2017’ by FinanceAsia Magazine, ‘Equity Deal of the Year for 2017’ at the IFLR Asia Awards in 2018, the largest technology IPO in Hong Kong in 2017, one of China Business Law Journal’s Deals of the Year in both 2016 and 2015 and one of Asian-MENA Counsel magazine’s Deals of the Year for 2015.
From 1997 to 2003, Will worked for the Supreme People’s Court of China, where he acquired extensive experience and knowledge of the Chinese judiciary.
Will received his JD from Stanford Law School and LLB from China University of Political Science and Law. He is a native Mandarin speaker and is fluent in English. He is admitted to practice in California and Hong Kong.
Jim Adler is the founding managing director of Toyota AI Ventures, and an executive advisor at Toyota Research Institute (TRI). He also serves on the Board of Directors of the Toyota Financial Savings Bank and the Investment Committee of JetBlue Technology Ventures, and he is a member of the Department of Homeland Security Data Privacy and Integrity Advisory Committee.
Jim joined Toyota AI Ventures from TRI, where he served as vice president of data and business development. Prior to that, Jim was vice president of products and marketing at Metanautix, a big data analytics startup funded by Sequoia Capital and Workday that was acquired by Microsoft.
Previously, Jim was the vice president of data systems and chief privacy officer at Intelius, which was acquired by H.I.G. Capital. In addition, he founded VoteHere, a pioneer in cryptographic secure and secret online voting for public elections that was funded by Cisco and HP, among others. Jim started his career as a rocket engineer for Lockheed Martin.
He received his bachelor’s degree in electrical engineering with high honors from the University of Florida, and a master’s degree in electrical and computer engineering from the University of California, San Diego.
Ira Ehrenpreis is Founder and Managing Partner of DBL Partners, a leading impact investing venture capital firm, currently managing more than $1 billion of capital. DBL invests in companies that can deliver top-tier financial returns, while simultaneously driving social or environmental change.
Ira is a recognized leader in the venture capital industry, having served on the Board, Executive Committee, and as Annual Meeting Chairman of the National Venture Capital Association (NVCA). He currently serves as the President of the Western Association of Venture Capitalists (WAVC) and as the Chairman of the VCNetwork, the largest and most active California venture capital organization.
Ira was awarded the NACD Directorship 100 for being “one of the most influential leaders in the boardroom and corporate governance community.” In 2007, he was named one of the “Top 50 Most Influential Men Under 45" (when he was under 45!) and in 2014 was inducted into the International Green Industry Hall of Fame.
Ira serves on the board of Tesla Motors (NASDAQ: TSLA) and currently supports the firm’s investments in several other companies including Apeel, Better Place Forests, The Boring Company, Mapbox, Planet, R-Zero, and SpaceX.
Ira has served for several years as the Chairman of the Silicon Valley Technology Innovation & Entrepreneurship Forum (SVIEF). He is the Founder and Chairman of one of the most prominent annual energy innovation industry events, the World Energy Innovation Forum (WEIF), which convenes the who's-who in the industry to discuss the important energy issues and opportunities of our time. Ira also served for many years on the Advisory Board of the Forum for Women Entrepreneurs (FWE).
Ira is also an active leader at Stanford University, where he has served on the Board of Visitors of Stanford Law School and is currently an advisory board member of the Stanford Precourt Institute for Energy (PIE) Advisory Council and the Stanford Global Climate and Energy Project (GCEP). Ira has also been a guest lecturer, including helping to teach a course on Venture Capital.
Ira received his JD/MBA from Stanford Graduate School of Business and Stanford Law School, where he was an Associate Editor of Stanford Law Review. He holds a B.A. from the University of California, Los Angeles, graduating Phi Beta Kappa and Summa Cum Laude.
Connect on LinkedIn: www.linkedin.com/in/iraehrenpreis/
Ira can be reached at: email@example.com
Ehud gained more than two decades of expertise in the high-tech industry as an entrepreneur, investor and operator.
Currently Ehud is the Managing Partner of Canaan Partners Israel, an Israeli venture capital fund, and a Venture Partner with Lenovo Capital heading its investment opportunities in Israel. Ehud is also an active angel investor operating as a partner with a leading investment team, Kaedan Capital.
Prior to these activities, Ehud was a Managing Partner at Vertex VC for seven years. Among other successful investments, Ehud identified Waze as a bright star from the start, leading the first investment round in the company and serving on its board of directors until its acquisition by Google for over $1 Billion.
Previously, Ehud co-founded and served as Chairman and CEO of Ki-Bi Mobile Technologies, a mass-market device specialist for mobile content distribution. He led the business from concept to commercial success, an IPO in London and eventual acquisition.
Earlier, he served as COO and CFO of Telegate, a telecommunications company, where he was responsible for a restructuring plan leading to the acquisition of the company for over US$400 million. Prior to Telegate, Ehud was a private equity investor and investment banker in New York and Tel Aviv, serving on the boards of directors of several technology companies.
Ehud holds a BSc in Computer Engineering (with honors) from the Technion in Israel, and an MBA from Columbia Business School, New York.
Pamela Fung is an Executive Director for Morgan Stanley Alternative Investment Partners Private Equity Fund of Funds group, and leads AIP's Asian investment activities. She has 15 years of industry experience. Prior to AIP, Pamela was a consultant with McKinsey's corporate finance practice in Hong Kong; she has also worked for Monitor Group and Lehman Brothers. Pamela has a Law degree (first class honors) from the University of Hong Kong and an M.B.A. with honors from the Wharton School of the University of Pennsylvania.
Tatsuo Kawasaki is one of the founding Partners of Unison Capital founded in 1998. His investment experience ranges from retail, service, food, financial service, to manufacturing sector. Prior to joining Unison, he worked for Goldman Sachs Japan, McKinsey, and NextCard, an online credit card venture based in San Francisco. He holds a B.A. in Economics from Keio University and an M.B.A. from the Harvard Graduate School of Business Administration.
Anthony Kerwick is a Managing Director of Australian Private Equity firm Adamantem Capital. Adamantem invests in mid-market opportunities in Australia and New Zealand and manages over $1.3bn of capital for global institutional LPs. Anthony has extensive experience in private equity, company directorships and management consulting.
Mr. Kerwick was a Managing Director at Pacific Equity Partners from 2004 to 2014, having joined the firm in 1999. Prior to this, he spent three years at Bain & Company as a global strategy consultant.
Mr. Kerwick is a graduate of the Australian Institute of Company Directors. He received a Bachelor of Commerce (Hons) and a Bachelor of Laws (Hons) from University of Queensland.
Kyle Shaw is the founder and managing partner of ShawKwei & Partners, a private equity fund manager based in Hong Kong and Singapore investing in Asian advanced manufacturing and service industries. ShawKwei is actively involved in managing portfolio companies and has specialist operating skills in areas such as revenue growth, margin expansion, and capital efficiency.
Kyle has managed investment portfolios starting in 1990 with Security Pacific National Bank in Hong Kong, then in 1993 with the Tudor Investment Group in Shanghai, and in 1998 establishing ShawKwei & Partners. Prior to private equity, Kyle worked in the oil industry with Union Texas Petroleum in Houston and Tidewater in Louisiana and Singapore. During his private equity career, Kyle has served on the board of directors of numerous companies in China, Southeast Asia, and Taiwan including Flextronics, China Fangda Group, YongLe Tape, Amos Holdings, and Beyonics.
Kyle received an MBA degree from the Wharton School of the University of Pennsylvania in 1987 and a BS Commerce from the University of Virginia in 1983. He studied Mandarin Chinese at Taiwan’s National Normal University Language Institute for foreign students in 1985, and has lived over 30 years in Hong Kong, Shanghai, Singapore and Taiwan.
October 12, 2020 (Shanghai, China) – Cedarlake Capital is pleased to announce the appointment of Ms. Wang Zheng as Chief Investment Officer and Managing Partner, effective November, 2020. Ms. Wang will take charge of Cedarlake’s private equity investment and fundraising activities.
Ms. Wang owns nearly 20 years of experience in the field of private equity investment and management consulting. Prior to Cedarlake, Ms. Wang was Partner at Cathay Capital responsible for private equity investment activities in China. She participated in the formation of several new funds and led multiple investments in the field of industrial technology, consumer technology, supply chain management and logistic services.
Ms. Wang also worked as the Partner for AGIC Capital and as Director in The Carlyle Group in her earlier investment career.
Ms. Wang holds an MBA degree from Kellogg School of Management and a bachelor’s degree from Fudan University.
Originally from the Isle of Man, Patrick joined KPMG in Hong Kong in 1996, and now leads KPMG’s Hong Kong & Asia-Pacific restructuring practice.
With 20 years of restructuring experience behind him, Patrick has been involved in all areas of Hong Kong and China restructuring practice, from formal restructuring and insolvency engagements, financial restructurings and back-door listings, to exit planning and implementation projects for KPMG’s MNC clients.
Professional and industry experience
Over the last two decades, Patrick has been involved in some of the most significant cross border restructurings and insolvencies the market has seen. He is one of the Liquidators of Lehman Brothers’ Hong Kong operations, as well as those of MF Global, and more recently was involved in the Noble Group restructuring and Schemes of Agreement.
In addition to his multi-jurisdictional work, Patrick has been involved in a number insolvencies and restructurings where the Liquidator / Provisional Liquidator appointment was made by the Courts in BVI or Cayman, with the underlying assets being businesses in China. These cases have covered a wide spectrum of sectors, from real states to financial services, taking in manufacturing, telecommunications, transport and logistics along the way.
Patrick advises clients in all manner of situations, ranging from China focused supply chain concerns to options analysis in respect of investments in China and the broader Asian region.
Financial Services, Transport & Logistics, Real Estate, Retail, Industrial Markets
Mr. Belonogoff is a principal for CarVal Investors. Based in London, Mr. Belonogoff is responsible for leading the firm’s London office, as well as managing individual Corporate Securities investments globally. Prior to joining the firm in 1998, Mr. Belonogoff was business development manager for Fritz Companies CIS, a subsidiary of UPS, based in Moscow, Russia. Fluent in English and Russian, Mr. Belonogoff received his MBA with a concentration in finance from the Amos Tuck School at Dartmouth and a B.A. in economics and Russian studies from Bowdoin College, Brunswick, Maine, graduating magna cum laude.
CarVal Investors is a established global alternative investment fund manager focused on distressed and credit-intensive assets and market inefficiencies. Since 1987, our experienced team has navigated through ever-changing credit market cycles, opportunistically investing $124 billion in 5,490 transactions across 82 countries. Today, CarVal Investors has approximately $9 billion in assets under management in corporate securities, loan portfolios, structured credit and hard assets.
Mr. Gorthy is the Senior Portfolio Manager responsible for directing the investment activities of the Avenue Asia Strategy and has over 20 years of investment experience in Asia. Prior to joining Avenue in 2014, Mr. Gorthy was a Managing Director and Partner at Pacific Alliance Group (“PAG”) in Hong Kong, where he was a Senior Portfolio Manager focusing on special situations and distressed investments. Prior to PAG, Mr. Gorthy was a Director in Deutsche Bank’s Asia-Pacific Distressed Products Group. Previously, he was a Director at Beacon Advisory Pte Ltd in Singapore, providing consulting and advisory services to Asian corporates and, before that, Mr. Gorthy worked in Deutsche Bank’s Corporate Finance and Investment Banking division.
Mr. Gorthy received a Bachelor of Technology (First with Distinction) from National Institute of Technology Warangal (1996) and a Post Graduate Diploma in Management from the Indian Institute of Management Calcutta (2000).
Mr. Wong is Managing Partner and CEO, Ares SSG and a member of the Management Committee of Ares Management. Additionally, Mr. Wong serves on the Ares SSG Investment Committee and is a Director of Ares SSG Hong Kong. Mr. Wong primarily focuses on investment activities, as well as overseeing strategic matters and business operations of Ares SSG. Prior to joining Ares in 2020, Mr. Wong founded SSG Capital Management in 2009 and served as its Managing Partner and Chief Investment Officer, where he focused on special situations and private debt investments across Asia-Pacific, with a focus on China, India and South-East Asia. Mr. Wong was instrumental in the acquisition of distressed assets across Asia and which led to numerous restructuring situations. Previously, he was a Managing Director at Lehman Brothers in Hong Kong from 1997 to 2008, where he ran their Asia Special Situations Group. Mr. Wong started his career at Coopers & Lybrand, where he qualified as a Chartered Accountant in 1994, and went on to join JP Morgan Securities Asia in Hong Kong. He is a founding member of the APAC Alternative Credit Council (ACC), which helps in developing the private credit markets in the region. Mr. Wong holds a B.B.A. from the University of Michigan in Business Administration and an M.B.A. from Manchester Business School and the University of Wales.
Mr. Caldwell joined us in 2007, and is a Partner of the firm and the Head of Asia. Prior to joining, Mr. Caldwell served as an Executive Director at Goldman Sachs’ European Special Situations Group (ESSG). Before joining ESSG, Mr. Caldwell worked for Goldman Sachs’ Whitehall Street Real Estate Funds in Tokyo. Mr. Caldwell graduated summa cum laude from Princeton University with a B.A. in Public Policy.
Weijian Shan is chairman and CEO of PAG. Prior to PAG, he was a partner of TPG, and co-managing partner of TPG Asia (formerly known as Newbridge Capital). Over two decades, Weijian Shan has led a number of landmark transactions that have returned billions of dollars in profit to his firms’ investors. Previously, Shan was a managing director of JP Morgan, and a professor at the Wharton School. He holds an M.A. and a Ph.D. from the University of California, Berkeley, and an M.B.A. from the University of San Francisco. Shan is the author of Money Games: The Inside Story of How American Dealmakers Saved Korea's Most Iconic Bank (2020) and Out of the Gobi: My Story of China and America (2019). His articles and commentary have been published in the Financial Times, The New York Times, The Wall Street Journal, Foreign Affairs and other publications.
Oliver Stratton is a Managing Director for Alvarez & Marsal's Asian practice in Hong Kong. With 25 years of experience in consulting and private equity in Asia, his primary areas of concentration are business strategy, performance improvement, operational turnarounds and M&A. Mr. Stratton has worked with clients across a range of industries including private equity, financial services, telecommunications, consumer goods and retail, industrial products and services, transportation and logistics and energy and resources.
Prior to joining A&M, Mr. Stratton spent 20 years with Bain & Company, including 10 years as a Partner. Mr. Stratton also spent two years as a Managing Director with Candover as part of its Asia leadership team.
In these roles Mr. Stratton has served many of the global, regional and major local country funds operating in Asia. Working with those clients, he has led due diligence and portfolio company performance improvement assignments across a range of industry sectors in Greater China, Korea and Southeast Asia.
Mr. Stratton earned an MA in engineering from Cambridge University and an MBA from Harvard Business School. A British national, Mr. Stratton has been based in Hong Kong since 1988.
Ruomu focuses her practice on complex mergers and acquisitions, private equity transactions, and venture capital investments. She has extensive experience representing U.S., China and international financial and strategic investors in connection with a broad range of transactions in the technology and life sciences industries, including public and private mergers, stock and asset acquisitions, divestitures, spinoffs, minority investments, and joint ventures.
Ruomu also advises early-stage to late-stage startup technology and life sciences companies on a variety of matters, including corporate governance, equity incentive plans, equity and debt financings, and intellectual property protection and licensing.
Jacob Chiu is a Managing Director responsible for Asian PE manager research and co-investments for HQ Capital, a leading global independent alternative investment manager with $10 billion AUM in private equity and real estate. Previously, he was a Partner with FLAG Squadron Asia; a Managing Director with Search Investment Group; and held senior operating and financial roles with Glaxo, Kraft and TigerPack. He holds an MSc in Financial Management from the University of London.
Tony Jiang is a co-founder and partner at Ocean Link. He leads all of Ocean Link's investments, and he currently serves on the boards of several Ocean Link portfolio companies, including 58.com, eHi, DingDong MaiCai, Kaiyuan Hotels and DragonPass. Prior to founding Ocean Link, Mr. Jiang was with The Carlyle Group from 2006 to 2016 focused on private equity investments in Asia. He received a bachelor’s degree in Electrical Engineering from Columbia University with full scholarship.
Mr. Frank K. Tang is the Chairman and CEO of FountainVest Partners, a leading private equity firm dedicated to China with offices in Hong Kong, Shanghai and Beijing.
Prior to founding FountainVest, Mr. Tang headed the China investments for Temasek Holdings. As a Senior Managing Director of Temasek Holdings, he was a member of the firmwide Senior Management Committee and Senior Investment & Divestment Committee.
Mr. Tang was with Goldman Sachs for nearly 11 years. He started his investment banking career at Goldman Sachs in New York, and then moved to Hong Kong. Mr. Tang worked as an Executive Director in Principal Investment Area, the private equity arm of Goldman Sachs. He was later Managing Director and Head of the Telecom, Media and Technology investment banking in Asia ex-Japan for Goldman Sachs prior to joining Temasek.
Mr. Tang was born and raised in Shanghai, and holds an MBA from Columbia Business School in New York. He is a board governor of the China Venture Capital and Private Equity Association. Mr. Tang also sits on the board of Accenture (a global Fortune 500 company) and Weibo (the most popular social media in China). He is also a member of Columbia Business School’s Board of Overseers.
Eric Xin is the Senior Managing Director and Managing Partner of CITIC Capital China Private Equity. Previously, Mr. Xin was a management consultant with McKinsey & Co. in Shanghai and Washington, D.C. Mr. Xin has an MBA from Harvard Business School, with Honors, and a BA from Peking University.
Xiaying is the Head of Singapore at Hamilton Lane, she is also responsible for leading business development activities in South East Asia.
Prior to joining Hamilton Lane in 2016, Xiaying was an Associate Director with BNP Paribas’ Global Markets Institutional Solutions Sales team. Xiaying began her career as an analyst at BNP Paribas’ Equity and Commodities Structuring Group.
Nicholas Bloy, Managing Partner – is one of the three founders of Navis Capital Partners. Navis currently manages USD 5 billion in private and public equity funds.
Mr Bloy leads investment teams in making, monitoring and exiting investments, sits on Investment Committee and sits on the boards and/or executive committees of several Navis portfolio companies, and is responsible for fundraising. He also sits on the International Advisory Council of CIMB, one of the Southeast Asia’s largest banking groups.
Prior to co-founding Navis, Mr. Bloy worked at The Boston Consulting Group in Asia from 1989 to 1999 after spending 3 years with Bain & Co. In London. He holds a BA Hons degree from University College, London and an MBA from INSEAD, France
Huai Fong is the Regional Lead for the East Asia & the Pacific PE Funds team of the International Finance Corporation (“IFC”) where she is responsible for leading investments into funds in the region.
Prior to joining IFC, Huai Fong spent five years with Deutsche Investitions-Und Entwicklungsgesellschaft MBH (“DEG”) where she had a primary coverage of Southeast Asia. She led fund investments and co-investments in the region as well as managed a portfolio of funds through her Advisory Committee positions. Before DEG, Huai Fong was with UOB Venture Management where she did direct equity investments into growth stage companies in Southeast Asia and China.
Huai Fong holds a Bachelor’s degree in Business Management and in Economics (Honors and Dean’s list) from the Singapore Management University. She has also passed all three levels of the Chartered Financial Analyst program.
Nainesh Jaisingh is a Founding Partner and Chief Executive Officer at Affirma Capital. He is based in Singapore and also directly manages the Private Equity business in South East Asia.
Prior to leading the MBO of Standard Chartered Private Equity (SCPE) to form Affirma Capital, Nainesh was a founding member of the business within Standard Chartered Bank in 2002, and most recently the Global Head of the Principal Finance business of the Bank.
Nainesh’s early career was with ANZ Investment Bank and ANZ Grindlays.He is an Engineer from the Indian Institute of Technology (IIT), BHU, and holds an MBA from the Indian Institute of Management (IIM), Bangalore.
Chee-Yann Wong is a Managing Director with Northstar. He has focused on private equity investments in Southeast Asia and China since 2004. Majority of his investments were in the consumer and financial services sectors. He has led investments in growth capital, buyouts, as well as structured transactions with leverage. Chee-Yann has a Bsc Engineering and Msc Engineering from Cornell University, and a Masters in Finance from Princeton University.
Mounir (“Moose”) Guen is the Chief Executive Officer of MVision Private Equity Advisers, which he founded in 2001. He is a veteran fundraising specialist, adviser and manager, with 30 years of experience in the industry during which he has worked on over 350 General Partnership funds totaling over $200 billion in capital committed across these funds. He has led MVision to the point where it is now the leading private equity capital raising firm in the world.
Moose is an active industry participant and sits on the EMPEA Investor Relations and Marketing Member Community Steering Committee. He also chaired the Invest Europe working group revising the Guidance for Placement Advisers on the application of the Code of Conduct, which was originally drafted under his chairmanship in 2009 and has been fundamental in establishing best practices in the industry. Moose has previously served on the EVCA Investor Relations Committee, and also the EVCA European Valuation Committee to establish policy currently in use.
Moose is a member of the New York University President's Global Council and the Liberal Studies Dean’s Council and sits on the faculty of London Business School and is a mentor in the Hong Kong University MBA Mentorship Programme.
Mr. Scott Chan is the Deputy Chief Investment Officer of the California State Teachers’ Retirement System, where he leads a staff of over 170 investment professionals. Prior to CalSTRS, Mr. Chan was the Senior Managing Director of the $55 billion Global Equities portfolio at University of California Regents. Before joining the Office of the CIO of the Regents, he was CIO of Sacramento County Employees’ Retirement System, SCERS, from 2010-2015. Prior to SCERS, Mr. Chan was a partner, co-founder and portfolio manager for several equity hedge funds. He began his investing career in equity research covering technology stocks at JP Morgan Securities in 2000. Mr. Chan and his prior investment teams have been recognized as thought leaders by various industry sources, including: (1) Awarded 2014 Industry Innovation Award by aiCIO (2) Nominated CIO of the Year by Institutional Investor 2014, (3) Nominated Small Public Fund of the Year by Institutional Investor 2013, (4) Named to aiCIO Power 100 List in 2013 and 2014, and (5) Awarded Rising Star of Public Funds by Institutional Investor 2012. Mr. Chan graduated from UCLA with a B.A. in Economics and earned an M.B.A. from the Fuqua School of Business at Duke University.
Alicia Gregory is currently Head of Private Equity at Future Fund, Australia’s Sovereign Wealth Fund where she has responsibility for in excess of $22bn in assets invested in private equity. Prior to that she worked for MLC for 17 years, most recently as Head of Private Equity.
Alicia has over 20 years’ experience in the financial services sector and holds a Bachelor of Business from University of Technology, Sydney, is a CFA charterholder and has completed the General Management Programme at INSEAD.
Jim Pittman joined BCI as Senior Vice President of Private Equity in April 2016. He leads the team, focusing on growing Private Equity’s total fund exposure while extending the program’s global reach and building out networks for deal flow to increase the number of direct investments. With $171.3 billion in managed assets and $16.4 billion in private equity AUM, BCI is one of Canada's largest institutional investors within the global capital markets.
Prior to joining BCI, Jim spent over 10 years as managing director at the Public Sector Pension Investment Board (PSPIB). During this time, he co-led the implementation of the firm’s private equity strategy. Prior to PSPIB, Jim was the chief financial officer/chief operating officer for PAL Aerospace, Canada. Jim has a background in acquisitions, divestitures, and tax.
Jim holds a Bachelor of Commerce from the Memorial University of Newfoundland, and is a Chartered Professional Accountant.
He currently serves on the board for Refresco Group and Hayfin Capital Management and has been a board member on over ten Private Equity portfolio companies.