Chepstow Capital adds managing director

The new private equity firm targeting mid-market opportunities in Asia has hired Alvin Ho from CLSA Capital Partners.

Hong Kong-based Chepstow Capital, a private equity firm set up in September 2009, has hired Alvin Ho as a managing director. Ho was formerly managing director and head of China for CLSA Capital Partners’ growth and expansion investments.

The appointment comes less than two weeks after the firm hired David Paterson and Michael Tsang from HSBC Private Equity (Asia) and Genevieve Heng from CLSA Capital Partners.

Chepstow Capital was set up by ex-HSBC executive Vince Warner and ex-CLSA Capital Partners executive Josephine Price. The firm will advise and manage funds targeting mid-market opportunities in Asia. Warner is Chepstow Capital’s chief executive officer while Price is its chief investment advisor.

Commenting on Ho’s appointment, Price, managing director and chief investment advisor of Chepstow, said in a statement: “We worked together for more than a decade, and he has a really solid understanding of what it takes to make successful long term investments in Asia, particularly in China.”

Prior to setting up Chepstow, Price was the deputy chief executive officer of CLSA Capital Partners, the alternative asset management arm of investment bank CLSA Asia-Pacific Markets. She joined CLSA in 1995 to establish its private equity business and was the managing director of Aria Investment Partners, a series of pan-Asian growth capital funds.

Warner was formerly chief executive officer of HSBC Alternative Proprietary Investment Advisor. He was also a senior member of the bank’s Asian private equity business for 12 years.

Chepstow Capital now has a senior management team of six, three of whom were formerly at HSBC Private Equity (Asia) and three at CLSA Capital Partners.