Centaur Asset Management opens Hong Kong office

The Dubai-headquartered firm’s new office will focus primarily on private equity opportunities and deal flow.

Dubai-based Centaur Asset Management has launched an office in Hong Kong, its first step into Asia, the firm said in a statement.

“Regarding specific fund activity, the new office will primarily focus on deal flow and private equity opportunities and the Centaur Foundation will be active in supporting local community initiatives,” Daniel McGowan, chief executive officer of Centaur Holdings said.

Centaur Asset Management is a division of Centaur Holdings and has assets under management of over $500 million, which include private equity, venture capital, agricultural investments, and mining and natural resources, according to its website.

The firm, which both advises and manages funds said its Hong Kong office, which has been operational since February this year, was established due to the growing demand from both institutions and family offices in the area.

Last year, it generated an almost 4x return on its original investment in global sports and events management company Sports Events International on its sale to Thai Prime Investments Ltd.

McGowan said: “The launch of a new office in Hong Kong marks Centaur Asset Management’s first foray into the Asian market. A number of partnership discussions are already underway and therefore it makes sense to establish a presence in Hong Kong. This reflects our commitment to growing the global footprint of Centaur and gives us access to such an important investment market.”

Nick Hocart, director of business development Hong Kong will lead the new office, which will complement the firm’s existing business in Bermuda, Dubai and London.

“The team will of course grow considerably over the coming months and years,” McGowan said.