Rowayton, CT-headquartered independent placement agent CP Eaton Partners has announced the appointment of David Love, Equity Member and Managing Director at the firm, to the post of Head of Asia Pacific.
Love will move to Shanghai, where he will be overseeing the existing team, including Jingjing Bai, recently made Senior VP and VP Kah-Yi Chung, who will now also be covering distribution to Singapore, Korea and Taiwan.
“We consider the Asia Pacific region to be extremely important: there’s an extremely interesting dynamic in the region.” Love told AVCJ. “It’s the GPs that are developing in the region that are interesting to us; and the nascent but growing LP base.”
According to CP Eaton’s materials, the firm has raised $31 billion in 54 funds since its foundation in 1983, and currently has 11 funds in the market. Love instanced a firm-wide preference for real asset funds (including infrastructure), renewable energy, Asia-focused vehicles and distressed debt.
Love described the current global LP base as “dominated by the US, then Europe, then Asia. But Asia is growing, and the rest of the world is stagnant, at least recently, [Asia] becomes a more importante LP target base.”
CP Eaton was a pioneer among placement agents in building an Asian presence, opening its Shanghai office in 2007 (see AVCJ Jun 4, 2007)
In Love’s view, both Asian GPs and LPs are looking for support from CP Eaton “as much of as an advisor as a fundraiser. The two are inextricably tied, but they are looking for someone that can really consult for them. That was why it was important to allocate one of our senior people to the region.”
Love has held his present title at CP Eaton for over ten years, and has been working in the investment management industry for over 40 years, including a significant period as an analyst and Senior VP at HC Wainwright & Co.
Regarding the new breed of Asia Pacific institutional investors, “we really don’t see a vast difference in the approach and psychology of the Asian LPs versus the US and European LPs.” Love told AVCL. “They’re just newer to this world, and their programs are less mature. Psychologically, they’re the same beast.”Back to News