The Rohatyn Group (TRG), an emerging markets asset management firm, has expanded its footprint in Asia by launching a new office in Seoul, South Korea.
The new office, the firm’s 15th across the globe, will pursue domestic private equity opportunities in the county.
The company’s existing investment capabilities in Asia include private equity, real estate, infrastructure and fixed income, TRG said.
The office will be managed by TRG managing director Gordon Cho, who will also oversee the company’s local initiatives.
TRG partner Chris Seaver said: “Establishing a formal presence in Korea is the logical extension of our Asia private equity strategy. Korea is an appealing diversification alternative for investors whose private equity portfolios are heavily weighted towards the U.S. and Europe.
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By GlobalData“Moreover, Korea’s sound and predictable regulatory environment, proven examples of successful exits, and active local LP base add to the attractiveness of the country.”
TRG is based in New York, and has offices worldwide including, Singapore, Hong Kong, Seoul, London, Buenos Aires, Lima, Montevideo, Mexico City, Sao Paulo, Mumbai and New Delhi.
“Korean deal flow remains strong, driven by continued chaebol restructurings, secondary deals and companies looking for a broader set of financing options. We see Korean companies as strong candidates for expansion in Asia, a core area of expertise for TRG, given the high quality and popularity of Korean products,” Cho stated.