ICG appoints Southeast Asia PE, mezzanine head

Lin will be based in Singapore, replacing existing Southeast Asia head Jin Tan, who will remain with the firm in a still-undefined role. He will report to Chris Heine (pictured), head of Asia Pacific at ICG. Heine had planned to retire this month, to be replaced by current Australia and New Zealand head Ryan Shelswell, but according to an ICG spokesperson Heine has decided to delay his retirement.

Lin served as executive director at CDH for five years, leading investments in Southeast Asia. Prior to CDH he worked in the Singapore office of Citi Venture Capital International and as a vice president with TPG Group in the US.

"Southeast Asia is one of the most rapidly growing global markets; Milo's broad experience and keen understanding of local conditions and opportunities will ensure ICG has an active role in financing that growth," Heine said in a statement. "He joins ICG at a time when we are investing significantly in the region and he will help enhance ICG's position as a provider of growth and liquidity solutions for sponsors and business owners."

ICG has been investing in Asia Pacific since 2001, initially as a provider of mezzanine financing for buyout sponsors and more recently embracing a varied approach that also incorporates sponsorless transactions. It primarily targets companies in developed markets that need capital on more flexible terms than banks or private equity investors can provide.

The firm currently has EUR28.7 billion ($33.5 billion) in assets under management (AUM), with EUR1.4 billion AUM in Asia Pacific as of December 2017. It closed its third Asia fund at EUR650 million in 2016.

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