<article>Malaysia-based fund manager Affin Hwang Asset Management Bhd announced that it has launched its private equity arm Bintang Capital Partners today, according to a press statement.</article>

Malaysia-based fund manager Affin Hwang Asset Management Bhd announced that it has launched its private equity arm Bintang Capital Partners today, according to a press statement.
Bintang Capital, which marks the formalisation of Affin Hwang&#8217;s foray into the PE business, will focus on mid-sized companies based in the Asia Pacific. It has an exclusive strategic partnership with Singaprean PE firm CMIA Capital Partners for investments in the region.
<a href="https://www.dealstreetasia.com/stories/cmia-capital-malaysias-affin-hwang-acquires-app-provider-bitsmedia-79363/">Last year</a>, Affin Hwang and CMIA Capital acquired app provider Bitsmedia where the buyout was Affin Hwang&#8217;s maiden transaction in the PE scene.
Affin Hwang proceeded to launch its full-fledged private equity business buoyed by the strong demand from its institutional and high networth clients for more sophisticated investment solutions.
Johan Rozali-Wathooth, who joined Affin Hwang Asset Management as deputy managing director in June 2016, led the initiative to build Affin&#8217;s full-scale PE business.
“We came to the conclusion that in order for us to successfully capture this opportunity, we had to move quickly to establish a private equity business with its own proprietary deal flow and a dedicated team,” said Affin Hwang managing director Teng Chee Wai.
To boost its PE business, Affin Hwang has also roped in former RHB Investment Bhd&#8217;s dealmakers Soon Poh Lean, Theresa Lim and Andrew Tan join Bintang as partner, investment director and vice president, respectively.
All three have been a core part of RHB&#8217;s mergers and acquisitions advisory team, executing landmark M&amp;A transactions for RHB&#8217;s corporate clients.
Bintang Capital will be jointly led by Affin Hwang deputy managing director Johan Rozali-Wathooth as managing partner and Soon as partner.
“I feel that the team we have assembled brings together a strong combination of investment, strategic advisory and execution, technological/operational, and project management capabilities, which will allow us to bring a high level of holistic value-add to our investee companies. In turn, I believe this will translate into Bintang’s delivery of superior returns for our investors,” said Johan Johan Rozali-Wathooth.
As at May 31, 2018, Affin Hwang together with its Islamic investment arm, AIIMAN Asset Management Sdn Bhd, has a total of RM48.30 billion ($12.08 billion) of assets under administration, comprising in-house unit trust funds as well as corporate and discretionary portfolios.
Also read: 
<a style="color: #ff0000;" href="https://www.dealstreetasia.com/stories/affin-hwang-rhb-bankers-99741/">Malaysia’s Affin Hwang ropes in former RHB bankers for private equity push</a>
<a style="color: #ff0000;" href="https://www.dealstreetasia.com/stories/cmia-capital-malaysias-affin-hwang-acquires-app-provider-bitsmedia-79363/">CMIA Capital, Malaysia’s Affin Hwang acquires app provider Bitsmedia</a>

Bintang Capital marks the formalisation of Affin Hwang's foray into the PE business. It will focus in providing equity to mid-sized companies based in Asia Pacific.

Malaysia's Affin Hwang marks official launch of PE business with Bintang Capital

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Malaysia's Affin Hwang marks official launch of PE business with Bintang Capital

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