German Private Equity Firm Auda Opens Shanghai Office

German private equity firm Auda International L.P. has opened an office in Shanghai. The US$5.3 billion-under-management firm also appointed Jacob Chiu as its head of Asian business, according to a company announcement.

Shanghai will be the fifth office for Auda worldwide, after being established as an investment company of the German family of Harald Quandt in 1989. The firm has had an office in Hong Kong since 2007.

"The Auda Shanghai office will facilitate our expanding investment research efforts in China, Asia’s largest private equity market," said Ernest Boles, Auda’s CEO.

Chiu, previously a partner with FLAG Squadron Asia and a founding managing director of Squadron Capital, will report to Steve Wesson, global head of Auda’s private equity business.

At FLAG Squadron, Chiu was responsible for overseeing investments in China and pan-Asian-focused funds, as well as co-investments in China.

Before that, Chiu was managing director of Search Investment Group, a family investment office based in Hong Kong, with responsibility for the Group’s portfolio of direct investment and funds in China.

Auda invests exclusively in private equity through commingled primary funds-of-funds, secondary funds-of-funds and direct or co-investment funds. With offices in Bad Homburg, Germany, New York, London, Hong Kong and Shanghai, it manages over US$5.3 billion as of March 31, 2014.

Caishen.Co - Primary Data for China Secondary Investment and Stock Markets