People Digest: Ascent Capital gets managing partners; Temasek names operating partner

Photo: Internet Archive/ Illustration

Ascent Capital has appointed Stanley Kyaw Khaing and Yeo Chee Kian as managing partners, while Temasek Holdings has named Ann-Marie Wun as operating partner.

Ascent Capital appoints new managing partners

Myanmar-focused private equity firm Ascent Capital Partners has named Stanley Kyaw Khaing and Yeo Chee Kian as its managing partners as it aims to accelerate the pace of investments in 2021.

Stanley is a Myanmar-born legal professional with over 13 years of experience in the country and North America. He was previously director, corporate affairs and planning at a telecommunications infrastructure company.

Chee Kian, meanwhile, has over two decades of experience in financial services, where he has worked for HSBC, Macquarie, Deutsche Bank and Temasek in the financial centres of London and Singapore.

He has extensive experience in investments and portfolio management, with deep knowledge of sectors such as transport, logistics and infrastructure.

These appointments are in line with Ascent Capital’s strategy to see logistics emerge as a new sector for 2021-2022, adding to its current five core sectors – consumer, education, financial services, healthcare, and telecommunications, media, and technology.

“The addition of Stanley and Chee Kian completes Ascent Capital’s team-building process, which we began in 2019. With the perspectives and the expertise that they offer, we look forward to stepping up our investment pace in 2021, as well as expanding our focus in the logistics sector,” said  Ascent Capital Partners founder and managing partner Lim Chong Chong.

Ascent Capital Partners is a private equity firm headquartered in Singapore and registered with the Monetary Authority of Singapore. The firm manages a Myanmar-focused investment fund – Ascent Myanmar Growth Fund I LP. (AMGF).

Ascent Capital in November last year held a final close of its debut fund, Ascent Myanmar Growth Fund I, at $88 million, after collecting over $80 million by June.

Temasek appoints impact investor as operating partner

Singapore state investor Temasek Holdings has named Ann-Marie Wun as an operating partner, according to a report by Eco-Business, Asia Pacific’s media organisation on sustainable development.

Wun, who joined Temasek last month, is an investment banker and impact investor with 16 years of experience in areas of banking, private equity, and impact investing.

In this new role, she will be a part of a team to support Temasek’s sustainability efforts. She had previously worked as a senior investor for UBS, Deutche Bank and Pacific Star Group.

In October last year, Temasek set up a new asset management group Seviora Holdings that will have assets under management (AUM) worth S$75 billion ($55 billion).

Seviora will be set up as a holding company combining Temasek’s four existing asset management companies, Azalea Investment Management, Fullerton Fund Management Company, InnoVen Capital and Seatown Holdings International.

Temasek director Goh Yew Lin will be appointed as the chairman of the newly-formed Seviora.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.