HarbourVest Partners, a global private markets asset manager, has opened a new office in Singapore and expanded its investment team in Hong Kong.
The new Singapore office expands the firm’s global footprint to eleven locations including Beijing, Bogota, Boston, Dublin, Hong Kong, London, Seoul, Tel Aviv, Tokyo and Toronto.
The Singapore office will be overseen by regional head and HarbourVest Managing Director, Hemal Mirani, with investment professionals focused on the primary, secondary and co-invest strategies. Hemal oversees operations and strategy for Asia Pacific, including Beijing, Hong Kong, Singapore, Seoul and Tokyo.
“The Asia Pacific region continues to represent an area of meaningful strategic importance for the firm’s growth, both in terms of our client base and our investment activities,” says, Managing Director. “We have been active in this region for more than 25 years and are excited to be formally establishing a presence in Singapore, further reinforcing our commitment and interests in this dynamic part of the world.”
HarbourVest is also pleased to announce the appointment of Lydia Hao to its Hong Kong office further strengthening the investment team.
“This is an exciting time for the firm as we expand our regional footprint and enhance our growing team with local talent,” says Hemal Mirani. “I’m delighted to welcome Lydia as a Managing Director in our primary investments team in Hong Kong. Her 14 years of experience in the private markets sector will enhance our offering to Asian managers and investors as well as contribute to the growth of the firm.”
Hao from Neuberger Berman where she was a Principal in their Asia Private Equity team, before that she spent seven years at CPP Investment Board in Hong Kong as one of the founding members of the Private Equity Asia team.
The Singapore team will initially include four employees from across the investment, investor relations, operations, and regulatory functions. The office will operate under HarbourVest Partners (Singapore) Pte. Ltd, which was authorized by the Monetary Authority of Singapore on 24 May as a fund manager to conduct regulated activities within Singapore on behalf of HarbourVest. HarbourVest Partners (Singapore) Pte Ltd will be supervised by a Board of Directors that include: Mary Traer, Dominic Goh, Peter Wilson and Hemal Mirani.
