Affinity Equity Partners

Today marks another milestone for Affinity, as we publish the third edition of our annual Sustainability Report! As testament to Affinity’s sustainable investment philosophy and active management of our portfolio companies, in 2024, we are delighted to announce two successful exits from our Fund IV and V portfolio. The companies we exited have demonstrated deep integration of ESG principles into their businesses and operations, creating resilient and sustainable value through their ESG initiatives. We are also proud to have received the highest possible score of 5 out of 5 stars for the Policy Governance and Stewardship and Private Equity modules in the 2023 Principles for Responsible Investment (“PRI”) assessment. This scoring represents our commitment towards responsible investment and is a clear recognition of our leadership in Asian Private Equity. Above are just some of the highlights and we trust that you will find many more examples of our sustainable value creation processes in our report. #sustainabilityreport #climatechange #sustainablevaluecreation #privateequity #PRI 

Congratulations to HDBank on its remarkable performance with a 27% year-on-year increase in pre-tax profit for FY2023. Affinity is proud to be a part of this accomplishment by supporting HDBank's strategic foresight in digitalization and its unwavering commitment to responsible finance, decarbonization, social inclusion, and robust governance practices. We look forward to our ongoing collaboration to strengthen ESG governance practices and programs, setting the stage for even greater success in the future. https://lnkd.in/gQTbjMV9

KY Tang, our Founding Chairman & Managing Partner, recently shared his views on the outlook of Asia's private equity buyout market, alongside other esteemed panelists at the Singapore Venture & Private Capital Association 2024 Annual Conference. Asian GPs are redefining their investment strategies and focusing more on their core strengths. In our view, value investing will come back in favor over growth and momentum plays, and we expect GPs to pursue more buyout deals in this region going forward. Larger, more experienced firms have demonstrated resilience and are well-positioned amidst the current challenging market environment for dealmaking and exits. #SVCA #SVCACONF2024 #PrivateEquity

Congratulations to our portfolio company Island Hospital Penang for receiving multiple awards at the GlobalHealth Asia-Pacific Summit, Conference & Award 2024. #IslandHospital #YourHealthcarePartner #IslandMedicalCity #PenangHealthcare #HealthcareMalaysia #FlagshipMedicalTourismHospital #worldsbesthospital2024

Benny Lim, Affinity's Partner & Head of Southeast Asia, shared his views with industry experts at a panel discussion at the Asian Venture Capital Journal (AVCJ) Private Equity Forum Singapore 2024. Understanding the nuances at the community level is essential to investment success in Southeast Asia - and this comes from having local experience and longevity in the region. Thanks to the fellow panelists Andrew Thompson, Nicholas Bloy, Luyi Zheng and moderator Likha Cuevas for a thoughtful dialogue.

We are pleased to share that Affinity has completed the sale of Sido, Indonesia's largest herbal products and medicines brand and manufacturer. This is another testament to Affinity’s strong track record of developing trusted and collaborative partnerships with reputable families in Asia. #localpartnerships #valuecreation https://lnkd.in/dMBCUJnu

Nick Speer, our Partner and Head of Australia/New Zealand was invited to share his views on portfolio management and #valuecreation at the Asian Venture Capital Journal (AVCJ) Australia & New Zealand Private Equity Forum last week. Nick and his fellow panelists explored several discussion topics, including GPs' increasing use of digitalization as a driver of portfolio value creation, and the advantages of pan-Asian platforms to support the expansion of leading domestic companies into broader Asia and international markets.  #AVCJANZ #privateequity #portfoliomanagement https://lnkd.in/gTsmeHQW

Happy International Women’s Day! At Affinity, we believe in supporting our female colleagues to flourish. One of the challenges of the private equity industry is that there are fewer number of female investment professionals. In response to this, we have committed to interview and shortlist a female candidate for every open role. In doing so, we hope to provide more opportunities for female investment professionals in our industry. In our portfolio engagement, we have worked with the boards to appoint female board members. The percentage of our portfolio companies with female board members has grown from 35% to 74% over the last 2 years. We look forward to more milestones in this journey toward a more diverse and inclusive workforce in private equity industry! #internationalwomensday2024

We are proud that our portfolio company Island Hospital Penang has been recognized for its relentless pursuit of excellence in healthcare and service quality. Since the start of our journey together, Island Hospital has strengthened its position as the #1 medical tourism hospital in Malaysia, and is now a 600-bed multispecialty tertiary hospital with market leading medical and surgical capabilities in core specialties- oncology, orthopaedics, gastroenterology, neurology and cardiology. We are delighted to support Island Hospital's vision to become the regional leader in medical tourism and patient care excellence. Congratulations to the Island Hospital management team on this achievement! #IslandHospital #YourHealthcarePartner #IslandMedicalCity #PenangHealthcare #HealthcareMalaysia #FlagshipMedicalTourismHospital #worldsbesthospital2024

Our Founding Chairman & Managing Partner, KY Tang, was invited to share his views on Asian private equity alongside other GPs at the recent Asia Private Equity Forum organized by Hong Kong Venture Capital and Private Equity Association (HKVCA). As the AVCJ report (link below) aptly summarizes, we believe that investors should take a nuanced view of Asian #privateequity, considering the performance and investment opportunities of specific geographies rather than regard the Asia Pacific region as a single market. In particular, Developed Asian markets such as Korea and Australia have generated strong historical returns which are broadly comparable to the US and Europe. https://lnkd.in/dd3gs8eq