Private equity placement Asante strengthens strategic focus in Asia

Warren Hibbert, Managing Partner at Asante

Asante Capital Group (Asante), an independent private equity placement, announced a series of strategic growth initiatives that will enhance the firm’s ability to connect Asia-based GPs with allocators worldwide and strengthen their ability to penetrate Asian pools of capital.

Asante has GP clients throughout the region, including in China, India, Southeast Asia, Japan, and Australia. The firm has a demonstrated track record of harnessing their understanding of the market and investor demands to raise established funds across the region.

What were the structural changes at Asante APAC?

Among these initiatives and based on his proven industry expertise, relationships and leadership across the firm, Asante announced the promotion of Ricardo Felix, Head of Asia-Pacific, to Partner. Ricardo leads Asante’s already sizable Asian office, based in Hong Kong.

Throughout his eight years at Asante, Ricardo has developed connections with investors throughout Asia, the Middle East and Europe. Ricardo has experience working in private markets at top financial services institutions, like HSBC and J.P. Morgan, and since then has expanded on this through his experience leading private equity fundraisings at Asante.

“At Asante, we are dedicated to supporting successful fundraising for our clients from launch to final close. That focus has allowed us to thrive and expand across Asia. This growth of talent and expansive network of LPs in the Asia-Pacific market have enhanced our ability to grow our customer base and help our clients reach allocators around the world,” said Ricardo.

Asante also recently announced the hiring of Steven Chan as a Director in the Hong Kong office. Steven previously worked as an Executive Director at Goldman Sachs’ Alternative Capital Markets Group and as a Vice President at MVision Private Equity Advisers.

In both roles Steven drove the execution of primary fundraising, co-investment and secondary advisory mandates across the Asia-Pacific region. Steven adds to the existing bench of talent in the Hong Kong office whose knowledge of the region, ability to work cross-culturally, and experience with the alternatives market make them great assets to Asian GPs.

What were the executives’ thoughts on the expansion?

“Over the past 12 years, Asante has become a leader across North America and Europe. We are bringing the strength we have built in other markets to APAC, strengthening our access to fundraising pools for our managers from the US and Europe, and bridging capital flows to our growing Asian GP base,” said Fraser van Rensburg, Managing Partner at Asante.

“Our sizable Hong Kong team, led by Ricardo, provides us with a key connection to this essential market. We will continue to build upon our long-term success supporting GPs globally by investing further in this region,” Fraser van Rensburg concluded.

“Given the challenging fundraising market, Asante is strategically investing in our business to help clients identify new sources of capital,” said Warren Hibbert, Managing Partner at Asante.

“In addition to strengthening our team, we are enhancing our global marketing and communications efforts, building our technological capabilities, and expanding our data analytics to drive further efficiencies and optimise outcomes,” Warren Hibbert further said.