People Digest: EV Growth makes top hires; Temasek’s Hongjie Hu joins Cathay Capital

(Left to right) Mulyono Xu, David Fernando Audy, and Christian-Sarana.

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.

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.