Global alternative asset manager ICG has appointed Sujey Subramanian to lead its Asia-Pacific corporate investment strategy, effective 1 May. Based in Singapore, Subramanian will expand ICG’s presence in the region, driving growth of its flexible capital strategy.
Subramanian is joining ICG from PAG, where he spent about 13 years and most recently served as deputy CIO and head of Southeast Asia for the firm’s flagship private equity strategy. NashTech was one of the recent deals that Subramanian worked on at PAG.
“Having joined the firm in 2013, he played an important role in growing the business since its maiden private equity fund through the sourcing, evaluation and execution of investment opportunities across the APAC region,” according to a statement on Tuesday. As a key member on PAG’s investment committee, Subramanian also contributed to PAG’s overall investment strategy, portfolio construction and team development.
ICG’s Asia-Pacific corporate team is currently deploying its fourth vintage fund, with professionals located in Singapore, Hong Kong, Tokyo, Seoul, and Sydney. The team targets locally sourced, directly originated, and privately negotiated investments in subordinated debt and equity. Recent successful exits include Yudo China Holdings (2.6x MM*), PSB Academy (2.9x MM), and SCF Containers (2.0x MM). [MM= money multiple]
DealStreetAsia previously reported on ICG’s attempt to sell its holdings in Malaysia’s TF-Value Mart.
“ICG is highly committed to growing its Asia-Pacific business, focusing both on its well-established corporate investment strategy, which has a track record of over 20 years,” said Benoît Durteste, CEO and CIO of ICG.
The group’s infrastructure equity strategy also recently completed investments in Ray8 Energy, the Japanese specialist in battery energy storage systems, and Obton, the Japanese renewables business.
Earlier, he spent six years at TPG Capital in Singapore and worked in investment banking with Merrill Lynch. He holds a bachelor’s and master’s from Stanford University.
