Shanghai will be the fifth office for Auda worldwide and the firm’s second in Asia. Auda has had an office in Hong Kong since 2007.
“The Auda Shanghai office will facilitate our expanding investment research efforts in China, Asia’s largest private equity market,” said Ernest Boles, Auda’s CEO. “We are fortunate to have been able to recruit Jacob Chiu, one of the most experienced private equity fund investors in the region, who will join our growing team and oversee the opening of Auda’s new office in Shanghai,” said Boles.
Chiu was a founding managing director of Squadron Capital, where he was primarily responsible for overseeing investments in China and pan-Asian-focused funds as well as co-investments in China. Prior to the formation of Squadron Capital in 2006, Chiu was a managing director of Search Investment Group, a family investment office based in Hong Kong, with responsibility for the Group’s portfolio of direct investment and funds in China. Previously, Chiu held senior operating and financial management roles with Glaxo China, Kraft Foods Asia Pacific and TigerPack, a Shanghai-based flexible packaging manufacturer backed by private equity funds.
Founded in 1989 as an investment company of the Harald Quandt family, the firm manages in excess of $5.3bn of private equity commitments in primaries, secondaries and co-investments. Auda has offices in Bad Homburg, New York, London, Hong Kong and Shanghai.
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