Partners Group hires Greater China fundraisers

Wang joins from the US-headquartered hedge fund EJF Capital where he spent 10 years and headed up investor relations as a partner and member of the executive committee. Before that, he worked for CSOP Asset Management and Rock Creek Group. Wang is now based in Singapore.

On the private wealth side, Vicky Yick and Carissa Lee have been appointed senior client relationship manager and client relationship manager, respectively. Yick was previously head of the Greater China institutions and Asia intermediary business at American Century Investment Asia, while Lee worked for J.P. Morgan Asset Management in private bank distribution.

Partners Group said these two hires – also in Singapore – mark another step in the firm’s commitment to serving individual investors. Last year, Henry Chui was recruited from Nuveen as head of private wealth for Asia Pacific. This followed the departure of Victor Jung, regional head of distributions and liquid private markets, who became global head of digital assets at Hamilton Lane.

Partners Group introduced a global private markets evergreen business in 2001 with a view to targeting high net worth individuals (HNWIs). Tailored evergreen solutions and closed-end solutions for individual investors account for USD 41bn of the firm’s USD 135bn in assets under management.

Partners Group’s Global Value SICAV Fund, a semi-liquid vehicle offering PE exposure through direct deals, funds, and secondaries, is a key part of these efforts. It addresses classic HNWI concerns about the asset class – large minimum cheque sizes, long lockups, and regulator capital calls – by accepting commitments as low as USD 10,000 and offering monthly liquidity, and taking the capital upfront.

There has been a proliferation of listed and semi-liquid vehicles and digital platforms that aggregate smaller fund commitments aimed at the HNWI market. Some managers are also experimenting with tokenisation. However, one of the challenges in Asia is a shortage of fundraisers familiar with the private wealth segment.

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• Topics
• Greater China
• Fundraising
• LPs
• GPs
• People
• Asia
• China
• HNWIs
• Investor relations
• Appointments
• Partners Group