Quadrangle sets up in Hong Kong

Edward Sippel will relocate from the firm's New York headquarters to head its first Asian office. This is the second US-based firm this week to reveal plans to open in Hong Kong.

Quadrangle Group is expanding its operations to Asia with the opening of a Hong Kong office. Edward Sippel, a managing principal at the US investment firm, will move from New York to lead the office.

Sippel has more than 10 years of experience in private equity investing in Asia. He joined Quadrangle in 2007, and he sits on the firm’s global investment team and on the boards of several Quadrangle portfolio companies.

Prior to Quadrangle, he was a managing director and partner at TVG Capital Partners, a Hong Kong-based private equity firm focused on telecom, media and technology in Asia. Before, he worked with The Asian Infrastructure Fund, a private equity firm also based in Hong Kong, where he assisted in managing the telecommunications portfolio. He has also worked at Morgan Stanley’s Global Communications Group in New York.

Quadrangle has been expanding its franchise rapidly this year. Earlier this month, Quadrangle hired Steven Davidson, formerly a managing director at Mourant, as chief financial officer. In March, the firm hired Alice Ruth, formerly the chief investment officer of Gordon and Betty Moore Foundation as a managing principal and chief investment officer for its investment management business, Quadrangle Asset Management. 

Earlier in January, Quadrangle appointed Doug Kramer, formerly the head of Goldman Sachs’ Global Manager Strategies Group, as chief operating officer. Kramer played an integral role in the launch of Quadrangle Asset Management in January.

The eight-year-old firm manages assets of more than $6 billion (€4.1 million). It invests between $100 million and $250 million in media and communications companies, and has completed more than 20 investments. Quadrangle has offices in New York, London, Silicon Valley and Hong Kong.

Earlier this week, US private equity firm American Capital launched its first Asian office in Hong Kong. Australian placement agent Diversus Investment Advisors also opened an office in Hong Kong last week, its first outside Australia.