Raymond Zage

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George Raymond Zage, III (born January 20, 1970) [1] is a Singapore-based businessman and former hedge fund manager from Schaumburg, Illinois, USA. [2]

Contents

Career

After 8-years at Goldman Sachs, Zage rose to prominence at Farallon Capital Management, where he founded the hedge fund's Asian business. [3]

At Farallon, Zage spearheaded large private investments in Asian corporates in a way that differed from Farallon's historical investment approach. These investments included the purchase of a controlling stake in Bank Central Asia after the Asian Financial Crisis, an investment in Aston Resources, which eventually listed and merged with Whitehaven Coal and Go-Jek, where he is on the board. [4]

These investments required Farallon to establish new, closed-end investment vehicles, including Farallon Asian Special Situations I, II and III, [5] a marked departure from the liquid hedge fund that Farallon had traditionally managed.

After leaving Farallon to found Tiga Investments, Zage was involved in a restructuring of Lippo Karawaci, where he joined the board. [6]

In 2020, Zage was a lead investor in the over $600 million acquisition of Grindr from Beijing Kunlun Tech Co. [7] This transaction was a result of the decision by CFIUS to compel the owner of Grindr, a Shenzhen-listed Chinese company, to sell the company to US interests. [8]

Zage is an independent director of Toshiba, [9] and has also made personal investments in Whistler, BC. [10]

Personal life

Zage has been a co-opted member of the Investment Committee of the National University of Singapore and is the chair of the board of the foundation of the Singapore American School. [11] He has also been active in Room to Read, [10] [12] and is active in numerous other philanthropic activities.

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References

  1. ↑ "Directors and Executives". Toshiba . Retrieved November 13, 2019.
  2. ↑ Silvinski, Krystyna (January 14, 2001). "Dentist George Zage Jr. of Schaumburg". Chicago Tribune . Retrieved August 9, 2020.
  3. ↑ Thompson, Sarah; Macdonald, Anthony (April 28, 2019). "Tribeca recruits ex-Farallon Capital manager for Asia credit" . The Australian Financial Review . Retrieved November 13, 2019.
    - Thompson, Sarah; Macdonald, Anthony; Boyd, Tim (November 11, 2019). "Farallon escrow puts target on Whitehaven Coal stake" . The Australian Financial Review. Retrieved November 13, 2019.
  4. ↑ Mallaby, Sebastian (2010). More Money than God. A & C Black. p. 277.
    - Manning, Paddy (2013). Boganaire. Black Inc.
    - Sender, Henny (April 24, 2019). "Go-Jek and Grab's competing visions play out" . The Financial Times . Retrieved November 13, 2019.
  5. ↑ "Farallon closes special situations fund focused on Asia And Latin America at USD1.12bn". Hedgeweek. November 7, 2016. Retrieved November 13, 2019.
  6. ↑ Kot, Jan (March 13, 2019). "Riady Family Leads $1B Rights Issue for Lippo Development Unit after Bribery Scandal". Mingtiandi. Retrieved November 13, 2019.
  7. ↑ Stech Ferek, Katy (May 29, 2020). "U.S. Approves Sale of Dating App Whose Owners Were Probed by National Security Officials" . Wall Street Journal . Retrieved August 8, 2020.
    - Hale, Kori (March 26, 2020). "Grindr's Chinese Owner Sells Gay Dating App Over U.S. Privacy Concerns For $600 Million". Forbes . Retrieved August 8, 2020.
  8. ↑ Bauerle Danzman, Sarah; Gertz, Geoffrey (April 3, 2019). "Why is the U.S. forcing a Chinese company to sell the gay dating app Grindr?". The Washington Post . Retrieved August 8, 2020.
  9. ↑ "Lippo Karawaci secures US$1b in funding, names new CEO and CFO". Straits Times . March 12, 2019. Retrieved November 13, 2019.
  10. 1 2 Wood, John (2013). Creating Room to Read: A Story of Hope in the Battle for Global Literacy. Penguin.
  11. ↑ Passion Forward: National University of Singapore Annual Report 2019 (PDF) (Report). National University of Singapore. 2019. p. 24. Retrieved November 19, 2019.
    - "SAS Foundation Board Members". Singapore American School. Retrieved November 19, 2019.
  12. ↑ Depuis, Branden (February 7, 2018). "The changing face of Creekside". Pique Newsmagazine . Retrieved November 13, 2019.


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