According to a business statement, international private equity firm HQ Capital has opened a new business in Singapore and appointed Michael Hu as Asia’s managing director.
Hu, based in Singapore, joined HQ Capital’s world executive council in soon 2023 and is in charge of Asia’s investment and business development activities. The new Singapore office will serve its private wealth and institutional investors in the region, whilst acting as a “gateway” for investment activities in markets including Australia, Greater China, Japan, Korea, India and Southeast Asia ( SEA ), according to the statement.
Since 1997, HQ Capital has invested in Asia and has an company there since 2007. HQ Capital invests worldwide with private collateral managers, focusing on the little- to middle- market. The agency also has offices in New York, Frankfurt, London, Shanghai and Tokyo, according to its site.  ,
Hu served as a senior member of the secondaries & primaries investment group and oversaw investment relations and personal success solutions at private funding house Ardian, which is based in Singapore. Hu served as a principal at Greenhill &, Co. in Singapore and Hong Kong before becoming a director of the Asia Pacific ( Apac ) capital advisory business. I have 15 years of financial and personal ownership experience.
Marc Brugger, chief executive officer and chief financial officer of HQ Capital, said in the declaration:” Michael has a tremendous track record in secret capital investment, on both a primary and secondary basis, as well as co- investments, and a solid network in the region. Our existence in Asia, a growing market with unfilled investor demand, is further strengthened by the starting of our innovative Singapore office.
With a global software and a specialized investment focus, Hu added,” We will provide long-term, bespoke purchase solutions to personal wealth and institutional investors looking for different access to private markets. I look forward to working closely with our investors, HQ Capital’s global team, and top- tier private equity managers in Asia”.
The Monetary Authority of Singapore ( MAS ), which is pending approval, has approved HQ Capital’s application for a capital markets services license.  ,
¬ Haymarket Media Limited. All rights reserved.