Asian private equity giant Hillhouse has quietly amassed about $1 billion in investment across the Australian market through a series of major deals over the last three years, much of it in the property sector, and is keen to step that up, according to one of its top executives.
To back that endeavour, the under-the-radar investment giant – its executives rarely give interviews – has already established a Sydney office and is scouting for more opportunities. On board are some well-known private equity veterans, including former Blackstone executive Harsh Narang and Vincent Ling from investment firm Intermediate Capital Group.
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