EV Growth, a joint venture between East Ventures, SMDV, and Yahoo! Japan Capital has roped in three executives to lead its operations, while Hongjie Hu, a former director of Temasek Holdings, has joined Cathay Capital as managing partner for healthcare investments.
EV Growth appoints three new executives
EV Growth — a joint venture between East Ventures, SMDV, and Yahoo! Japan Capital focused on providing growth capital to startups in Indonesia and the rest of Southeast Asia — has roped in three executives to lead its operations.
The VC firm has appointed former CEO of media giant MNC, David Fernando Audy, as operating partner, as well as dealmakers Mulyono Xu, and Pascal Christian-Sarana as the fund’s VPs of investment.
Audy comes with 18 years of executive experience in the media and content industry after occupying the top post at MNC and serving as director at Global Mediacom. He also had stints as CEO of WeChat Indonesia, and director for Rakuten Indonesia. He currently serves as a senior advisor to ThreeBody Capital, a UK-based Investment Fund for publicly-traded securities.
Xu, meanwhile, started his career in top Chinese companies, Huawei and Alibaba, before joining Ant Financial-backed VC firm BAce Capital, while Christian-Sarana was director at Rocket Internet and led the proptech investment mandate in Indonesia, before joining EV Growth.
Temasek ex-director Hongjie Hu joins Cathay Capital
Former director of Singapore state investor Temasek Holdings Hongjie Hu has joined Paris-based Cathay Capital as managing partner for healthcare investments. Hu joined the venture capital and private equity firm in November last year.
He was director for investments at Temasek between September 2008 and October 2019, focusing on healthcare investments and agritech investments, says his profile on the professional social network LinkedIn.
Cathay Capital is a global investment platform specialised in cross-border development with a focus on Northern America, Asia, Europe, and Africa. The group has close to 100 employees in Paris, Shanghai, Beijing, New York, San Francisco, Munich, Tel Aviv, and Singapore.
Founded in 2007, Cathay Capital has completed over 150 buyouts, growth, and venture capital investments and manages 3.5 billion euros ($4.29 billion) in assets, distributed in a range of investment strategies and vehicles.