Warburg Pincus' Goldfaden to relocate to Australia - report
Warburg Pincus is to relocate Managing Director Jeffrey Goldfaden to Sydney as it looks to open a permanent office in Australia.
Goldfaden will move from Hong Kong where he has been based since 2010, reported The Wall Street Journal. Goldfaden joined the private equity firm in New York in 2004.
While Warburg Pincus has around $40 billion in assets under management globally, its only current Australian investment is in locally listed Transpacific Industries Group, which provides waste management, recycling and industrial services. According to AVCJ research, Warburg Pincus paid $51.6 million for a 34% stake in the company in June 2009.
Goldfaden, a non-executive director of Transpacific, will continue to oversee investments in the Asia Pacific region outside China and India. He focuses on buyout deals in the consumer, industrial, and services sectors as well as special situations.
Warburg Pincus' other Asian offices are in Shanghai, Hong Kong and Mumbai. The firm also has administrative offices in Amsterdam, Luxembourg and Mauritius.
More on People
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.