Private Equity Secondaries Team Broadens Reach into Asia and Latin America
NEW YORK, June 10 /CNW/ -- Paul Capital, an innovative leader in the
private equity secondary market, today announced it has expanded its presence
in emerging markets by opening offices in Hong Kong and Sao Paulo and making
three senior appointments to its secondaries team to support this expansion
and its growing sourcing agent network.
Duncan Littlejohn, who has served as a consultant to Paul Capital since
2007, joined the Paul Capital Secondaries team as a Managing Director. Mr.
Littlejohn is responsible for managing the firm's Sao Paulo office, the first
dedicated private equity secondaries office in Latin America, as well as
leading transactions across Latin America. Mr. Littlejohn, who has resided in
Brazil since 1989, was previously a partner at Brazilian private equity firm
BPE Investimentos and its predecessor, Brasilpar.
Lucian Wu joined the Paul Capital Secondaries team in April 2008 as
Managing Director to head the firm's Asian office. Mr. Wu is responsible for
leading Paul Capital's secondary investment activities across Asia. He has
more than ten years of direct private equity investment experience in Asia and
was previously a partner at Henderson Private Capital in Asia and a founding
member of Electra Partners Asia.
Jason Sambanju joined the Paul Capital Secondaries team in August 2007 as
a Director and opened the firm's Hong Kong office. Mr. Sambanju is
responsible for the sourcing and execution of secondary transactions within
the Asia-Pacific region. Additionally, he provides due diligence in support
of transactions outside the region which have significant Asian market
relevance. Mr. Sambanju previously spent seven years with Symphony Capital
Partners in their Hong Kong office.
"Paul Capital has more experience in emerging markets than any other
secondaries firm in the world," said David de Weese, General Partner, Paul
Capital. "We are excited to have such talented professionals join our firm.
It is very important to have a strong local team in emerging markets to source
and execute transactions as well as conduct due diligence on secondary
Ms. Ann Watson, who originally joined the firm as a consultant in 2001
and became a Principal in 2004 has transitioned to a new role as a sourcing
agent focusing on Canada. She will continue to maintain the firm's Toronto
office. Paul Capital's global sourcing agent network includes a dozen agents
in local markets around the world, including Central and Eastern Europe,
Japan, Taiwan, the Middle East, North America and Western Europe.
A pioneer of the secondary market, Paul Capital has leveraged its global
reach, creative deal structuring, and reputation for fairness and discretion
since 1991 to provide unique liquidity solutions to limited partners around
About Paul Capital
Founded in 1991, Paul Capital manages US $6.6 billion in capital
commitments for its three investment platforms that include private equity
secondaries, healthcare royalty and revenue interests, and venture capital
fund of funds. The firm has offices in Hong Kong, London, New York, Paris,
San Francisco, Sao Paulo and Toronto. The Paul Secondary funds have completed
more than 150 secondary market acquisitions of limited partnership interests
and portfolios of direct private equity investments. Through its secondary
fund program, Paul Capital is now a limited partner in over 300 partnerships
and 500 funds. The secondary team provides customized liquidity solutions for
sellers of private equity and has become a trusted partner of sellers from
around the world seeking fair value, confidentiality and timely transactions.
For more information, please visit http://www.paulcap.com.
For further information:
For further information: Zach Siegel of Cohn & Wolfe for Paul Capital,
+1-212-798-9859, Zach_Siegel@CohnWolfe.com; or Anne Pearce of Paul Capital
Partners, +1-646-264-1107, APearce@PaulCap.com Web Site: