StepStone Group LLC named Weichou Su a managing director in the firm’s new Beijing, China office, which officially opened on Sept. 14. Su will focus on investment activities in China and throughout Asia. Su previously served as a managing director of Hina Group.
StepStone Group LLC today announced that Mr. Weichou Su has joined the firm as Managing Director in the firm’s new Beijing, China office, which officially opened on September 14, 2010. Mr. Su will focus on the firm’s investment activities in China and throughout Asia.
StepStone has had a presence in China for several years, and the new office solidifies the firm’s commitment to the region and its belief in the global investment opportunities that exist there. StepStone Group works with institutional investors to build portfolios that include private equity fund investments, co-investments and secondary investments.
“Opportunities for private equity investment in Asia and China are rapidly growing. Weichou’s experience working for many years with the leading private equity fund managers in this region will be invaluable as we continue to grow our investment activities here,” said Monte Brem, Chief Executive Officer of StepStone. “We believe that local relationships, knowledge and perspective, and senior investment presence is critical for success in the Asian market. Adding Weichou to the StepStone team further solidifies our competitive advantage in these areas in Asia.”
“I am delighted to join StepStone. The StepStone platform provides a unique ability to produce superior returns in Asia with managed risk through a combination of fund, co-invest and secondary investments. I am excited to work with Monte and the teams in New York and San Diego to provide global limited partners the ability to access the market through a local approach backed by StepStone’s proven institutional investment research and processes,” said Mr. Su.
Prior to joining StepStone, Mr. Su was a Managing Director of the Hina Group, an investment banking and private equity firm with a focus on Greater China. At Hina, Mr. Su was head of the technology team and led the company’s M&A advisory practice where he successfully completed many landmark transactions, including the $730 million AsiaInfo-Linkage deal, the largest technology M&A in China. In that role, he also helped companies identify the optimal partner among the top tier Greater China private equity funds.
Before joining the Hina Group, Mr. Su held a number of operational and investment roles as a senior executive with Asia responsibilities with leading telecom and technology companies. They include Level3 Communications, GRIC, and Reach. Mr. Su was also Managing Director and President of the United States Information Technology Office in China where he served as an industry leader to promote trade and investment in the technology sector.
Mr. Su holds an MBA from the joint program of the Kellogg School of Management and Hong Kong University of Science and Technology. He also has an MA in International Political Economy from the University of Massachusetts at Amherst.
About StepStone Group
StepStone Group LLC is a leading private equity firm that oversees more than $20 billion of private equity allocations through its global offices in San Diego, New York and Beijing. StepStone focuses on building customized private equity portfolios through a combination of fund investments, co-investments and secondaries. StepStone has deep global market coverage and a proprietary research based approach that optimizes exposure to top performing investment strategies, geographies and managers.
For more information about the firm, its philosophy and services please visit www.StepStoneLLC.com.