Former HSBC and CLSA execs form mid-market firm

Vince Warner and Josephine Price have established Chepstow Capital, a private equity firm targeting Asia’s mid-market opportunities.

Ex-HSBC executive Vince Warner and former CLSA Capital Partners executive Josephine Price have set up Chepstow Capital, a Hong Kong-based private equity firm.

Previously the chief executive officer of HSBC Alternative Proprietary Investment Advisor, Warner is Chepstow's CEO, while Price, formerly the deputy chief executive officer of CLSA Capital Partners, is its chief investment advisor. 

Few top-tier fund groups in Asia have strategies focused on the mid-market or the appetite for smaller deals.

Josephine Price

“The mid-market is more attractive than the large cap market now, with the added bonus that few top-tier fund groups in Asia have strategies focused on the mid-market or the appetite for smaller deals,” Price said in a statement.

There have been a number of cases across Asia and the Middle East in the past year where industry professionals have left established or captive firms to set up their own businesses. Most recently, Iyad Duwaji, chairman of Dubai-based SHUAA Partners, left SHUAA to set up an independent private equity platform. In April, Renuka Ramnath resigned from her role as the managing director and chief executive officer of Mumbai-based ICICI Venture to launch her own fund.

Chepstow did not reply to requests for comment at press time.