
Siemer & Associates launches in Asia
California-based tech investor and merchant bank Siemer & Associates LLC (S&A) has made its foray into Asia with the launch of a Hong Kong office. It is headed by Managing Director Martin Lichauco, an industry veteran who spent 10 years at Walden International.
According to Lichauco, the Asia team hopes to replicate Siemer Venture Capital's "solid US track record" in digital media, internet, mobile, gaming, software and content delivery sectors in Asia, where S&A believes there are abundant opportunities.
"We are confident about the prospects and quality of investment opportunities in Asia and the team has extensive experience in cross-border venture investing," Lichauco told AVCJ. "We will definitely allocate funds and other resources to Asia with the resolve to provide our portfolio companies access to cross-border opportunities and to provide the new entrants with the opportunity to replace the incumbents. Asia is definitely in our radar screen."
S&A's founder and managing director David Siemer noted that more than half of the company's deals in 2011 present larger cross-border opportunities in Asia. S&A additionally aims to implement its iBanking capabilities in the region.
S&A's Hong Kong opening comes as the firm strengthens its focus on venture capital investing, announcing a partnership between its venture capital arm and Frontera Group to create a combined VC venture, named Siemer Ventures. It will operate independently from S&A.
Lichauco has more than 15 years of cross-border private equity and venture investing experience, and has worked at American Orient Capital Partners, H&Q Asia Pacific and Walden International.
Latest News
Asian GPs slow implementation of ESG policies - survey
Asia-based private equity firms are assigning more dedicated resources to environment, social, and governance (ESG) programmes, but policy changes have slowed in the past 12 months, in part due to concerns raised internally and by LPs, according to a...
Singapore fintech start-up LXA gets $10m seed round
New Enterprise Associates (NEA) has led a USD 10m seed round for Singapore’s LXA, a financial technology start-up launched by a former Asia senior executive at The Blackstone Group.
India's InCred announces $60m round, claims unicorn status
Indian non-bank lender InCred Financial Services said it has received INR 5bn (USD 60m) at a valuation of at least USD 1bn from unnamed investors including “a global private equity fund.”
Insight leads $50m round for Australia's Roller
Insight Partners has led a USD 50m round for Australia’s Roller, a venue management software provider specializing in family fun parks.