Swiss private equity firm Partners Group has opened a new office in Hong Kong.
The opening is aimed at building the company’s client base in Asia and represents a continuation of its expansion there.
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It is its seventh base in the region, having first opened a Singapore office in 2004. Its other bases in Asia include Manila, Mumbai, Seoul, Shanghai, Singapore and Tokyo. The company now has 21 offices worldwide.
Kevin Lu, partner and chairman for Asia at Partners Group, said: “We are very pleased to add a Hong Kong office to our regional footprint. As a major economic centre and regional hub for the Greater Bay Area, Hong Kong has a key role to play for private markets. We have seen a significant increase in investor appetite for private markets in the Greater China Area and look forward to deepening our relationships with clients and investment partners here.”
Henry Chui, who will lead the new Hong Kong base and is head of private wealth for the Asia-Pacific region at the company, added: “Individual investors in Asia are increasingly looking to private markets as a means to access the real economy. Having boots on the ground in Hong Kong is important to provide local coverage to our distribution partners in the Greater China Area and complements our coverage across the rest of the region.”
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