Temasek's Fullerton recruits ex-Asia head of Eurazeo
Eddie Chen, formerly head of Asia at Europe-headquartered investment firm Eurazeo, has joined Temasek Holdings-owned Fullerton Fund Management as a managing director.
Announcing his new role on LinkedIn, Chen (pictured) said that he would source opportunities to build Fullerton’s private equity business, lead project teams tasked with developing new product ideas, and facilitate relationship building, regulatory positioning, and business development in China. Initial projects include the Fullerton Asia Carbon Action Strategy.
Chen joined Eurazeo in 2013 after more than a decade with Invest Sweden, latterly as the government agency’s chief representative for Greater China. He established Eurazeo’s China office and led an investment team covering China, East Asia, and Southeast Asia with a strategic focus on cross-border investment and M&A between Western and Chinese markets.
Under that agenda, the firm launched a Europe-China fund in conjunction with China Investment Corporation (CIC) and BNP Paribas in 2020. The vehicle, which had an initial corpus of EUR 400m (USD 445m), made its first investment later the same year in Dutch medical supplier DORC.
Chen transitioned to a senior advisor role at Eurazeo in the middle of last year.
Fullerton is an investment manager that helps clients – including government entities, sovereign wealth funds, pension plans, insurance companies, private wealth, and retail investors – build exposure across equities, fixed income, multi-asset, alternatives, and treasury management strategies. It has offices in Singapore, Shanghai, and London.
The firm is part of Seviora Group, Temasek’s umbrella asset management entity, alongside private equity-focused Azalea Investment Management, venture debt business InnoVen Capital, and hedge fund specialist Seatown Holdings International.
Last year, Fullerton tokenised its latest private equity fund-of-funds, allowing for a minimum commitment size of USD 10,000. Other Seviora members are also pursuing agenda around the democratisation of the asset class, with Azalea launching products aimed at qualified and retail investors and Seatown rolling out a fund aimed at the mass affluent.
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