What are solid small/mid-size funds ($500m-$5b) in Singapore/HK/Dubai?
Almost 30 and I want to go abroad for the next 3-5 years since I feel like it's my last chance to do so before settling down/starting a family.
Currently interviewing with $5b LO (global mandate, APAC-heavy) and $500m special sits/event-driven (US & APAC coverage) funds in these countries, also waiting to get feedback from 1st round with an APAC Citadel pod. All were intros from recruiters but I want to widen the net and see if there are any funds I can reach out to directly to at least introduce myself on the off chance they're looking for bodies.
Preference is L/S or LO, but am open to any strategy as my main concern is just finding a good PM to learn from. Coming from MM PE and corp dev background, current top bucket Sr. ASO based in US. Have a handful of pitches at the ready for both US and APAC tickers.
Based on the most helpful WSO content, here are some solid small/mid-sized funds ($500m-$5b) in Singapore, Hong Kong, and Dubai that you might consider reaching out to:
Hong Kong
These funds are well-known in the region, though only a handful have over $1bn in AUM. Many smaller funds ($500m) also have sound processes, so don't focus solely on AUM when evaluating opportunities.
Singapore
Dubai
Additional Notes
If you're already interviewing with a $5b LO fund, a $500m special situations fund, and an APAC Citadel pod, you're on the right track. Expanding your network and directly reaching out to the funds listed above could further increase your chances of landing a role abroad.
Sources: Q&A: Megafund Asia Private Equity, Non US/Europe IB/PE Overview, Q&A: Mega Fund Associate - Asia Pacific Edition, Hong Kong Buy side, Q&A: Management Consultant and Value Investor
Bump
Following as curious. For the Citadel pod, I'm guessing it's focused on the sector(s) that you're currently covering?
The LO and special sits/ED are both generalist funds that give the opportunity to specialize after the first couple of years. Citadel is sector-focused yes.
would it be okay to connect? I'm trying to do the same thing (albeit already in Asia)
Dunno how badly you wanna be in Asia but covering APAC stocks will f you in the long term. The funds there are small and the big global funds that operate there typically have APAC mandate (the US guys in the global funds cover the US stuff). The biggest opportunity set is US markets. It’s fine if you can find a Citadel pod with US sector coverage and strong track (cause that’s basically the job you’d do when you come back). It’s not fine if 1) u work at a tiny shop covering US stuff cause then u don’t have demonstrated history making money at scale OR 2) u work at a pod covering APAC stuff cause not many ppl in the US look for APAC specialists and its not super easy to swap around. Might be fine if you can pivot appropriately but it’s really tough.
So look for: 1) Global mandate with US bias, 2) size and reputation
I know the biggest opportunity is US, but for whatever reason I've been getting more traction talking to foreign funds and I like the idea of living abroad for a few years before I'm too old for it to really be feasible/exciting. Both the LO and special sits/ED either already cover/are looking to expand US coverage and have great pedigrees or have folks coming from top BSchool programs to them.
I've been targeting small/mid-size funds mainly because it's my first move into public markets and I figure I'm not going to get a look from top names given my non-typical background. If I perform like I expect then I can try to move to a bigger platform after I actually have reps under my belt.
Whole point of the OP is to try and find the names of funds who have good reps in these regions so... if you could help on that front, it would be appreciated.
All makes sense. Just wanted to flag the perils of being pigeonholed with APAC stuff before you made any decision. Don’t have a list unfortunately.
These places have all the big international shops - and they hire QR in all the regions.
What is QR? My assumption is quantitative researcher in which case that does not apply to me...
Couple of family offices have been moving to Abu Dhabi / Dubai. I don't think I can share links but if you search up "abu dhabi family office bloomberg" there are some good articles on recent expansions there
I'll take a look ty
I did a few years Asian equity before, have a few names in mind for you. I'm pretty much looking for the same thing, good PM to work for so completely understand you! Can you pls PM me and we can chat
Trying to do something similar (feel like I'm at a similar stage in life) - would you be open to connect?
Honestly, I'd try to get a job at Jardine Matheson. Seems like you have APAC PE expertise. I'm sure they'll be hiring mid-jr lvl given the current and upcoming management changes and internal RX. 1 million% sure you'd have a much better time experiencing Hk/Sing there than at a smid sz hf if you're there for exp>$.
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