About

HPEF Capital Partners Limited (HPEF) began advising Asian private equity funds in 1989 as a separate business entity within the HSBC group. It was one of the pioneers of private equity in Asia and one of the first Asian PE managers to raise a multi hundred-million-dollar PE fund in 1995.

In 2010, the firm became independent when it was spun out of the HSBC group by way of a management buyout and was renamed as Headland Capital Partners Limited. The company changed its name to HPEF in June 2016.

During its 35+ year history, HPEF raised ~US$3.5bn across 13 funds and established offices in Shanghai, Singapore and Mumbai. Its funds invested in and divested from more than 150 companies across China, Hong Kong, India, Indonesia, Japan, Malaysia, Singapore, South Korea, Taiwan, Thailand and Vietnam.

Initially, the firm focused on providing growth capital to private unlisted companies as a minority investor in the Asian Tiger economies of Singapore, Hong Kong, South Korea and Taiwan before expanding into Indonesia, China and India. Following the Asian financial crisis, the firm became one of the first firms to develop expertise in buyouts and became one of the leading players in the middle market sector. In 2000, the firm established a separate venture capital investment team which raised its first VC fund in early 2001. Since 2010, the firm focused on investing in mid-sized Asian companies (often as the controlling shareholder) in the consumer, education and business services sectors.

In October 2024, after careful consideration, the Board of HPEF made the decision to wind down its operations.

Since the firm’s inception, it has been committed to delivering long-term value to its investors, portfolio companies and partners. The firm is proud of the relationships built and the impact of what has been accomplished together.

The decision to conclude HPEF’s business activities has been undertaken with full regard for the firm’s responsibilities to all stakeholders. The firm is committed to ensuring that any outstanding matters are dealt with in an orderly and professional manner.

The firm extends its sincere gratitude to everyone who has supported it — investors, advisors, management teams and colleagues — for your trust, collaboration and shared commitment over the years.

For any further inquiries, please contact Marcus Thompson at marcusthompson@hpef.com.

Marcus Thompson
Chairman

HPEF Capital Partners Limited

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