General Atlantic expands in Asia

The global growth investor's Singapore office, its fourth in Asia, will be led by Abhay Havaldar.

Global private equity firm General Atlantic has opened a new office in Singapore, making a fourth addition to the firm’s presence in Asia.

Led by managing director Abhay Havaldar, who established the firm’s India office in 2002, the Singapore office “serves to expand GA’s investment activities in Southeast Asia”, according to a statement. Nick Nash, a vice president with the firm, has also relocated to Singapore from New York.

“Our presence in Singapore will expose us to the many exciting high growth investment opportunities in Southeast Asia and support our current Asia investment programme in China and India,” Havaldar said in the statement.

Speaking at a luncheon in Singapore, Havaldar said GA plans to spend more time building relationships and helping their existing portfolio companies than making new investments.

Although the firm has regional offices, specifically in Hong Kong, Beijing and Mumbai, GA doesn’t intend to have a regional fund, Bill Ford, CEO of the firm, told reporters at the luncheon.

“We think it’s an advantage actually in considering investments around the world and comparing them with each other. Certain times valuations move in different dynamics and one market might be cheaper than another,” he said.

With approximately $17 billion of assets under management, GA had an active 2011 completing 13 deals globally.