EIG hires CIC’s oil and gas head to lead Hong Kong office

Liu, who was appointed towards the end of 2014, spent five years at CIC, first in the private equity department and later in the special investment department, covering oil and gas investments. She became the sovereign wealth fund's head of oil and gas in 2013. Before joining CIC, Liu was a member of the energy team at Morgan Stanley, and also worked in the investment bank's M&A department.

EIG, which specializes in energy, resources and related infrastructure investments, opened its Hong Kong office in September 2014. The firm relocated two investment professionals to Hong Kong from the US, including William Thierbach, who is responsible for corporate operations and strategic development, as well as managing several large client relationships in Asia.

EIG's other offices in the region are based in Seoul and Sydney.

Part of the firm's Asia expansion strategy involves a natural resources-focused private equity fund launched in partnership with South Korea's Woori Asset Management and steelmaker Posco. Last year it also formed Harbour Energy, a joint investment platform with Asia-based agriculture and energy supply chain manager Noble Group that will acquire and operate upstream and mid-stream energy assets.

EIG had $10.6 billion under management as of June 2012. It closed its most recent private equity vehicle - Energy Fund XVI - at $6 billion in December 2013 after just 10 months in the market.

EIG Global Energy Partners has reached a final close of $6 billion for its Energy Fund XVI after just 10 months in the market. The fund had a target of $4.25 billion. The firm sold a minority stake to CIC in 2012.

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