ICG is delighted to announce that it has hired a dedicated team to invest in Asia-Pacific real estate equity and debt, focusing on mid-to-upper-market transactions, corporate-led deals, and special situations. This move further underlines the firm’s strategic ambitions to expand its overall footprint in the region.
The new team of four, based in Singapore and Sydney, will be led by David Kim and Stephen Tang, who will become Managing Directors and Co-Heads of Real Estate, Asia-Pacific. David and Stephen are joined by Rohan Neville and Isaac Leo. The team all previously worked together at ARA Private Funds.
Commenting on the ambition for this new business Krysto Nikolic, Global Head of Real Estate said:
“We are delighted to welcome David, Stephen, Rohan and Isaac to ICG. The team has an excellent track record of investing and business building in Asia-Pacific and we are excited about the opportunity for growth in the region as we continue to build the capabilities of ICG Real Estate in line with our global ambitions across the wider firm.”
David Kim, Co-Head of Real Estate Asia-Pacific commented:
“ICG has a long-standing reputation for delivering excellent investment performance as well as high standards of service to its clients. I am delighted to be joining the team and to help build further on the firm’s global footprint.”
Stephen Tang, Co-Head of Real Estate Asia Pacific added:
“I am thrilled to be joining ICG at this exciting stage, as the group looks to grow its global real estate business and substantially increase its presence in the Asia-Pacific region. Asia-Pacific represents one of the largest growth markets in the world and I look forward to contributing to ICG’s global ambitions as we expand our investment activities in the region.”
David and Stephen both have over 23 years of real estate industry experience. At ARA, David was the CEO of Private Funds overseeing investments in real estate opportunities in the Asia-Pacific region. Prior to ARA, David was a Managing Director and the COO of Blackstone’s real estate business based in Hong Kong, responsible for portfolio management.
Stephen was the Head of Value Add & Opportunistic Real Estate of ARA Private Funds and oversaw investment and asset management activities. In addition, he was the lead portfolio manager for ARA’s flagship Asia Real Estate Partners Fund series. Prior to joining ARA, Stephen worked in the private equity real estate divisions at JP Morgan Asset Management and Morgan Stanley respectively, where he focused primarily on leading opportunistic strategies around the Asia-Pacific region.
Rohan Neville joins as a Director and has more than 14 years’experience in the real estate and fund management industry throughout Australia and New Zealand, having been involved in over AUD 1.9 billion worth of real estate transactions. At ARA, Rohan was the Head of Investments and Asset Management for Australia, responsible for investment activities and asset management. He will be based in ICG’s Sydney office.
Isaac Leo joins as a Principal and has over nine years of experience in the private equity real estate industry. At ARA, he was a Manager in the Private Funds unit, responsible for acquisitions, deal execution and asset management.
ICG’s Real Estate business currently manages more than $7 billion of assets in private debt and private equity investments.
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ICG provides flexible capital solutions to help companies develop and grow. We are a leading global alternative asset manager with over 30 years’ history, managing $71bn of assets and investing across the capital structure. We operate across four asset classes: Structured and Private Equity, Private Debt, Real Assets, and Credit.
We develop long-term relationships with our business partners to deliver value for shareholders, clients, and employees, and use our position of influence to benefit the environment and society. We are committed to being a net zero asset manager across our operations and relevant investments by 2040.
ICG’s Real Estate business has over *$6.7bn assets under management of private debt and private equity assets under management in its core strategies of Senior Debt, Partnership Capital (providing whole loans, mezzanine, and preferred equity), Residential Development Finance and Sale and Leaseback.
*As at: 31 December 2021