Carlyle hires two Southeast Asia dealmakers

The appointments bring Carlyle’s Southeast Asia team to eight investment professionals focused on both small and large market opportunities across Indonesia, Vietnam, and the Philippines, as well as opportunistic investments in other markets. The firm has seen little traction since entering the region, with a $100 million commitment to Indonesian telecom tower company Solusi Tunas Pratama its sole investment.

“We are delighted to have two senior veterans with significant industry experience and deep understanding of these local markets join us,” Greg Zeluck, managing director and co-head of the Carlyle Asia buyout team, said in a statement. “Their appointments come as Carlyle seeks to further expand its presence in [Southeast Asia], where we believe there will be increasing numbers of attractive investment opportunities going forward.”

Winarta, an Indonesian national with about 20 years of investment banking experience in the country, will operate out of Carlyle’s Jakarta office effective July 2. Previously, he served for five years as head of Indonesia investment banking coverage at Credit Suisse. He also worked for Credit Suisse in New York and Singapore.

Long has investment experience across the region, including Myanmar and Thailand. He served as vice president at TPG Capital Asia covering Singapore and Vietnam as well as a director at Malaysia-based Navis Capital Partners. Previous experience also includes roles with Standard Chartered Private Equity in Singapore and Vietnam-based GPs Dragon Capital and VinaCapital.

Carlyle opened its Singapore office in 2000 and has deployed investment professionals dedicated specifically to Southeast Asia as early as 2007 with the nomination of Anand Balasubrahmanyan as regional investment lead. Sunil Kaul, the firm’s current Southeast Asia buyout team leader, assumed the role in 2015 upon the termination of Indonesia-focused Rajiv Louis who was sanctioned for insider-trading activities in a previous role at UBS.

Carlyle established a presence in Asia in 1998 and has $16.3 billion in assets under management in its Asian private equity platform. The firm is in the process of raising its fifth Asia buyout fund, which reached a first close last October of more than $4.5 billion and has a hard cap of $6.5 billion.

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• Topics
• GPs
• People
• Southeast Asia
• The Carlyle Group
• Indonesia
• Vietnam
• Appointments