Private equity firm StepStone Group has hired Weichou Su as managing director in the firm’s new Beijing, China office, which officially opened on 14 September.
Su will focus on the firm’s investment activities in China and throughout Asia.
StepStone has had a presence in China for several years and the new office solidifies the firm’s commitment to the region.
StepStone Group works with institutional investors to build portfolios that include private equity fund investments, co-investments and secondary investments.
“Opportunities for private equity investment in Asia and China are rapidly growing. Weichou’s experience working for many years with the leading private equity fund managers in this region will be invaluable as we continue to grow our investment activities here,” says Monte Brem, chief executive officer of StepStone. “We believe that local relationships, knowledge and perspective, and senior investment presence is critical for success in the Asian market. Adding Weichou to the StepStone team further solidifies our competitive advantage in these areas in Asia.”
“I am delighted to join StepStone. The StepStone platform provides a unique ability to produce superior returns in Asia with managed risk through a combination of fund, co-invest and secondary investments. I am excited to work with Monte and the teams in New York and San Diego to provide global limited partners the ability to access the market through a local approach backed by StepStone’s proven institutional investment research and processes,” adds Su.
Prior to joining StepStone, Su was a managing director of the Hina Group, an investment banking and private equity firm with a focus on Greater China. At Hina, Su was head of the technology team and led the company’s M&A advisory practice where he completed many landmark transactions, including the USD730m AsiaInfo-Linkage deal, the largest technology M&A in China.
Before joining the Hina Group, Su held a number of operational and investment roles as a senior executive with Asia responsibilities with telecom and technology companies. They include Level3 Communications, GRIC and Reach.
