Emerging markets asset management firm The Rohatyn Group (TRG) has hired former chief executive officer of alternative asset manager CLSA Capital Partners, Christopher Seaver, as a new partner in the firm, according to a statement.
Seaver will be based in TRG’s Hong Kong office and will be overseeing the firm’s regional initiatives in Asia including new business development and the management of existing and new strategic partnerships, the firm said. He will also serve on TRG’s Executive Committee.
TRG invests in private markets, hedge funds and fixed income. It manages three private equity funds: a Latin America Fund that closed on $110 million in 2010, a 2010 Africa Fund with a target size of $300 million, and a 2012 Asian vehicle which is seeking $250 million in commitments, according to PEI’s Research & Analytics.
Seaver has more than two decades of experience in the asset management industry, having served as CLSA’s CEO for more than five years. Among its funds, CLSA manages pan-Asia mid-market growth private equity funds ARIA Investment Partners. He was also managing director for China at Darby Overseas Investors in Hong Kong for one year, and at various roles including managing director and general counsel with J.P. Morgan’s New York, Tokyo and Hong Kong offices for more than 15 years.
Seaver is also co-founder and managing partner of Aequus Capital Management, a private equity investment platform specialising in mid-cap healthcare investments in Asia, according to his LinkedIn profile.
“The addition of Chris to our leadership team reflects TRG’s continued enthusiasm for the dynamism of Asia’s diverse economies and markets. The depth and breadth of his experience will undoubtedly add tremendous value to our existing activities in Asia and enhance our ability to take advantage of new opportunities across the region,” the firm’s CEO and CIO Nicolas Rohatyn said.
Founded in 2002, TRG has over $7 billion in assets under management and employs more than 100 in its 15 offices worldwide.
In 2011, TRG acquired a 50 percent stake in real estate fund manager ARCH Capital Management, as well as a 60 percent stake in Singapore mid-market infrastructure private equity firm CapAsia in 2012, as previously reported by Private Equity International.