Saban Capital Group has promoted Richard Yen to managing director of private equity based in its San Francisco office.
Yen has worked at the firm for seven years and most recently as a director, the firm said. He will work on expanding its portfolio of growth equity investments in digital media, mobile and consumer internet companies. He will also advise the firm’s portfolio companies such as Saban Brands and Univision on mergers and growth strategies.
Saban Capital was established by media executive Haim Saban. It targets both majority stake buyouts and minority investments in public and private companies in the US and around the world.
In July, the firm joined a syndicate to invest $82.1 million in Singapore’s Giosis, which is using the capital to grow its e-commerce platform company Q0010.
Saban Capital moved its Asia office from Hong Kong to Singapore two years ago, seeking to build its investment platform in Southeast Asia. It has three investments in Indonesia.
Before joining Saban Capital in 2008, Yen was a principal at Blueprint Ventures where he founded the firm’s digital media and Internet investment business.