Private Ownership | |
Industry | Private Equity |
Founded | 2002 |
Headquarters |
Hong Kong Seoul, South Korea Singapore Sydney, Australia Jakarta, Indonesia Beijing, China |
Products | Private equity funds |
Total assets | $3.5 billion |
Website | www.affinityequity.com |
Affinity Equity Partners is one of the largest dedicated Asian private equity firms and focuses on leveraged buyout and growth capital transactions.
Affinity operates as a Pan-Asian firm focusing on investment opportunities in Korea, Australia and New Zealand, Greater China and Southeast Asia.
The firm is led by Kok-Yew Tang (Chairman and Managing Partner) and Young-Taeg Park (Managing Partner). It has over 50 employees with offices in Hong Kong, Singapore, Seoul, South Korea, Sydney, Australia, Jakarta, Indonesia and Beijing, China.
Affinity, founded in 2002, was originally known as UBS Capital Asia Pacific to serve as the Asian private equity arm of UBS AG. UBS Capital Asia Pacific was spun out as an independent firm in March 2004. In 2004, Affinity raised its first independent private equity fund, Affinity Asia Pacific Fund II, with $700 million of investor commitments. In 2007, Affinity raised its next fund Affinity Asia Pacific Fund III with $2.8 billion of investor commitments, which was the largest private equity fund raised to that point in Asia.
Among Affinity's investments are or have been the following: