Fund of funds manager Adams Street Partners has announced that Yar-Ping Soo, a partner at the firm since 2010 will assume the additional responsibility of leading the firm’s Asian investment team. The firm has offices in Singapore, Beijing and Tokyo.
Soo succeeds Piau-Voon Wang, who will become senior advisor to the firm.
Wang joined Adams Street in 1999, initially in the London office, and was active in formulating the firm’s private equity fund investment strategy for Asia and focused on that portfolio. He launched the firm’s Singapore and Beijing offices in 2006 and 2011, respectively. Before joining the firm, he was associated with Brinson Partners/UBS Global Asset Management, Nikko Capital Singapore and Indosuez Asset Management Singapore.
“Adams Street Partners will celebrate our 10-year anniversary in Asia in 2016. As we look ahead to the next decade, the new role for Yar-Ping Soo as leader of our investment team in Asia and PV Wang’s continuing involvement as senior advisor signal our commitment to the market and the depth of our team,” said managing partner Jeff Diehl in a statement.
Adams Street’s co-founder and partner, Kathy Wanner is retiring at the end of the year after 22 years at the firm, as reported by Private Equity International. Wanner said she is exploring options for her next move, some of which are focused on healthcare.