Richard Ong’s RRJ Capital makes first deal
Hopu Fund co-founder Richard Ong has made his first investment from his $2 billion maiden fund, into US-focused oil exploratory and extraction firm Frac Tech Services - a seeming departure from his vehicle’s Asia Pacific mandate.
Ong's recently launched fund, RRJ Capital, has teamed with Singaporean sovereign wealth fund Temasek Holdings to take a 70% controlling stake in Texas-based Frac Tech. According to the press release, the...
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