Saturday, 1 October 2016
Last updated 5 hours ago
Mar 8 2012 | 9:03am ET
Secondaries private equity shop Greenpark Capital has opened a new office in Hong Kong, to be headed by Bank of America Merrill Lynch veteran Chin Chin Teoh.
At BofAML, where she spent 14 years, Teoh was most recently managing director and co-head of the Asia private equity group. At Greenpark, she will play a leading role in the firm’s emerging markets initiative with the International Finance Corporation as well as being responsible for sourcing investments across the region for Greenpark’s funds.
Greenpark says interest in private equities secondaries in Asia is increasing, as record fundraising combined with reduced exit activity has left LPs seeking liquidity through other routes.
Said Teoh in a statement: “I am delighted to be joining Greenpark at this exciting time. Institutional investors and general partners in Asia are rapidly opening up to private equity secondaries, and the region is set to become a major source of capital and deals. This is a unique opportunity to join one of the world’s most established private equity secondaries players and to help build a major new operation in the Far East.”