Paul Capital Expands Presence in Emerging Markets

Private Equity Secondaries Team Broadens Reach into Asia and Latin America

NEW YORK, June 10 /Xinhua-PRNewswire/ -- Paul Capital, an innovative leader in the private equity secondary market, today announced it has expanded its presence in emerging markets by opening offices in Hong Kong and Sao Paulo and making three senior appointments to its secondaries team to support this expansion and its growing sourcing agent network.

Duncan Littlejohn, who has served as a consultant to Paul Capital since 2007, joined the Paul Capital Secondaries team as a Managing Director. Mr. Littlejohn is responsible for managing the firm's Sao Paulo office, the first dedicated private equity secondaries office in Latin America, as well as leading transactions across Latin America. Mr. Littlejohn, who has resided in Brazil since 1989, was previously a partner at Brazilian private equity firm BPE Investimentos and its predecessor, Brasilpar.

Lucian Wu joined the Paul Capital Secondaries team in April 2008 as Managing Director to head the firm's Asian office. Mr. Wu is responsible for leading Paul Capital's secondary investment activities across Asia. He has more than ten years of direct private equity investment experience in Asia and was previously a partner at Henderson Private Capital in Asia and a founding member of Electra Partners Asia.

Jason Sambanju joined the Paul Capital Secondaries team in August 2007 as a Director and opened the firm's Hong Kong office. Mr. Sambanju is responsible for the sourcing and execution of secondary transactions within the Asia-Pacific region. Additionally, he provides due diligence in support of transactions outside the region which have significant Asian market relevance. Mr. Sambanju previously spent seven years with Symphony Capital Partners in their Hong Kong office.

"Paul Capital has more experience in emerging markets than any other secondaries firm in the world," said David de Weese, General Partner, Paul Capital. "We are excited to have such talented professionals join our firm. It is very important to have a strong local team in emerging markets to source and execute transactions as well as conduct due diligence on secondary opportunities."

Ms. Ann Watson, who originally joined the firm as a consultant in 2001 and became a Principal in 2004 has transitioned to a new role as a sourcing agent focusing on Canada. She will continue to maintain the firm's Toronto office. Paul Capital's global sourcing agent network includes a dozen agents in local markets around the world, including Central and Eastern Europe, Japan, Taiwan, the Middle East, North America and Western Europe.

A pioneer of the secondary market, Paul Capital has leveraged its global reach, creative deal structuring, and reputation for fairness and discretion since 1991 to provide unique liquidity solutions to limited partners around the world.

About Paul Capital

Founded in 1991, Paul Capital manages US $6.6 billion in capital commitments for its three investment platforms that include private equity secondaries, healthcare royalty and revenue interests, and venture capital fund of funds. The firm has offices in Hong Kong, London, New York, Paris, San Francisco, Sao Paulo and Toronto. The Paul Secondary funds have completed more than 150 secondary market acquisitions of limited partnership interests and portfolios of direct private equity investments. Through its secondary fund program, Paul Capital is now a limited partner in over 300 partnerships and 500 funds. The secondary team provides customized liquidity solutions for sellers of private equity and has become a trusted partner of sellers from around the world seeking fair value, confidentiality and timely transactions. For more information, please visit http://www.paulcap.com.