General Atlantic names ex-HKMA executive as special advisor
General Atlantic has appointed Yong Hak Huh, founder and CEO of First Bridge Strategies and formerly CIO of private markets and direct investment at the Hong Kong Monetary Authority (HKMA), as a special advisor.
Huh will join a team of senior executives from around the world who share corporate expertise and industry best practices with General Atlantic portfolio companies. He will work with General Atlantic’s capital partnering team and Asia-based investment professionals, leveraging his experience advising global private equity firms and large financial institutions.
Huh, who previously enjoyed a 20-year stint at J.P. Morgan, was responsible for HKMA’s global alternative asset portfolio comprising private equity and venture capital funds, secondaries, distressed credit, and real estate. He founded First Bridge in 2015, offering portfolio management support to LPs such as pension funds, sovereign wealth funds, insurance companies and other financial institutions.
“As we deepen our presence and build upon two decades of growth investing in the region, we know that Yong Hak will only reinforce our capabilities and experience and deepen our connectivity with family and institutional investors seeking to partner with General Atlantic,” said Graves Tompkins, managing director and global head of capital partnering at the firm, in a statement.
General Atlantic has been active in Asia since 1999 and has offices in Beijing, Hong Kong, Mumbai, and Singapore. As of year-end 2016, it had deployed $1.8 billion in China and a further $2 billion in India and other Asia Pacific markets. The firm focuses on five sectors: technology and the internet, financial services, business services, consumer and retail, and healthcare.
Recent investments in Asia include: IIFL Wealth Management, a subsidiary of Indian financial services group IIFL Holdings; Ocean Link, which is said to be the first private equity firm dedicated to investing in China’s travel and tourism sector; and MAP Boga Adiperkasa, the food and beverage unit of Indonesian lifestyle products retailer Mitra Adiperkasa.
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