HQ Capital appoints David Pierce to grow Asian businesses
Harald Quandt Capital (HQ Capital), a private investment group owned by the Harald Quandt Family of Germany, has appointed David Pierce as a managing director and head of Asia.
“David Pierce is an exceptionally experienced private markets investor,” says Axel May, a member of the HQ Capital board. “We are fortunate to have been able to bring him onto our team to help us grow our alternative investment firms, with a focus on developing investors and businesses in Asia.”
HQ Capital represents three financial services businesses – Auda International, Equita Management and Real Estate Capital Partners -- focused on investments in private equity and real estate. The businesses represented by HQ Capital together have approximately USD12 billion in assets under management.
“I am delighted to join HQ Capital, the newest part of the Harald Quandt Family’s exceptional group of alternative investment firms,” Pierce says. “I have known representatives of the Harald Quandt Family for many years and hold them in very high regard.”
Pierce, who has three decades of experience in Asia, more than half of which has been in private equity, was previously a partner with FLAG Squadron Asia and was the founding chief executive officer of Squadron Capital, based in Hong Kong.
Active in various industry bodies, Pierce is currently chair of the Asia Council of the Emerging Markets Private Equity Association and was chair of the Hong Kong Venture Capital & Private Equity Association from 2010-12.
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