US investment bank Lazard appoints Asia real estate director

US investment bank Lazard has appointed its first real estate specialist in Asia in an effort to ramp up its private capital advisory activity in the region, per a PERE report.

The firm has got onboard Joyce Lo as a director of Asia Pacific real estate business. Lo also updated her LinkedIn profile that she joined Lazard in November.

Prior to taking up the new position, she was with Hong Kong-based real estate private equity managers LimeTree Capital Parnters and Palmer Capital Asia. She also served an 11-year stint at investment bank Lehman Brothers.

Lo is now based in Lazard’s Asia office in Singapore, responsible for building relationships with Asian investors and promoting the bank’s fundraising mandates throughout the US and Europe, the PERE report said.

Lazard was said to currently have one real estate mandate in Asia, and hope to advise more Asia-domiciled managers.

James Jacobs, managing director and global head of real estate at Lazard’s private capital advisory team, reportedly revealed that within the last couple of years, it helped raised around $1.3 billion for European and US mandates from Asia-domiciled investors, out of the total $22 billion it has raised since 2007.

Lazard’s private capital advisory team in Asia is led by Nick Miles, head of the firm’s Europe and Asia private equity.

The team has been working with both equity- and debt-focused managers across a range of investment vehicles, including closed- and open-end funds, private REITs and programmatic joint ventures. They also advise on complex assignments involving real estate and real assets fund restructurings, Lazard said on its website.

Apart from financial advisory, the American investment bank also operates its asset management business, in which the Asia Pacific equity portfolio accounted for an $8.1 billion AUM as of 30 September 2019.

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.