AIF Capital is an independent partnership. We are an experienced and cohesive team of 16 investment professionals with over 300 years of collective experience in Asian principal investing, strategic consulting, general management, corporate finance and industry. We are from diverse ethnic and cultural backgrounds, speak the languages, and have worked in the regions where we invest.
Our team has considerable experience in structuring, financing and closing complex mid-market transactions in Asia, as well as in supportive post investment activities. It is this wealth of knowledge and expertise that positions us as a valued strategic partner for the companies that we support.
Augmenting our team is a committee of Operating Advisers who assist us in opportunity investment, post-investment value creation, and board representation in portfolio companies where required. Our advisers have served as CEOs or leaders in major regional and international organization across various industries including healthcare and pharmaceutical, renewable energy and environmental solutions, technology, and consumer retail and services.
Senior Management Team
Mr. Amour has over 28 years of private equity investment, finance and industry experience in Asia. He joined AIF Capital in 2002 and has been CEO since 2003 where he continues to chair the investment committee, actively oversee portfolio management and lead client management.
A Hong Kong resident since 1985, Mr. Amour joined Baker & McKenzie in Shanghai in 1984 and subsequently in Hong Kong where he was focused on banking and project finance, in particular property, construction and aircraft finance. In 1987, he joined Standard Chartered Asia where he acted as corporate advisor to and led numerous equity raisings and M&A transactions for mid-sized to large corporations. Mr. Amour went on to join the Charoen Pokphand Group, one of Asia’s largest overseas Chinese family business groups, as Vice President, Finance in 1990. In that capacity for nine years, he led or was a key team member in over 150 transactions in the food & beverage, agricultural, telecoms, power, toll-road, industrial manufacturing, multi-purpose resorts as well as logistics & distribution sectors. In addition, he was also directly involved in planning, negotiating and implementing all major debt and equity financing requirements of the Group’s Hong Kong listed entities which included the successful completion of over US$1.8bn in debt and equity capital market transactions. Mr. Amour left the Charoen Pokphand Group to co-found Axia Capital Partners Limited (ACP) in 1998 which was investment adviser to the US$100m Hong Kong-listed Shanghai International Shanghai Growth Fund sponsored by Temasek Holdings, Shanghai City government and Kwang Hua Securities of Taiwan. ACP also acted as adviser to a major US corporate pension fund on a US$100m private equity investment fund targeted at Hong Kong, China and Thailand.
Mr. Amour holds a Bachelor of Commerce degree in Accounting and Finance and Bachelor of Laws from the University of New South Wales as well as a Master of Law from the University of Melbourne in Australia. He is admitted as a solicitor in England, Australia and Hong Kong. Mr. Amour studied the Chinese language at Fudan University in Shanghai in 1984-85, and speaks and reads Mandarin.
Mr. Lee joined AIF Capital in 1994, and has been a Partner and Investment Committee member since 2001. He has been actively involved in deal origination, transaction execution, investment management and portfolio monitoring for the Firm across the region in the last 22 years, and represents AIF Capital on boards of various portfolio companies. His sector investment experience includes manufacturing and industrial, media, pharmaceutical and healthcare, aquaculture, consumer, new materials, telecommunication, logistics and transportation in China, Hong Kong, Taiwan, Indonesia, South Korea and Singapore.
Prior to AIF Capital, Mr. Lee had worked for the City of North York in Toronto as an urban development engineer and Unibrite Corporation, Toronto where he was a director responsible for real estate investments, land development feasibility studies and financing strategies. Mr. Lee graduated from the University of Toronto, Canada with a B.Sc. in Civil Engineering, an M.E. in Transportation & Urban Planning and an M.B.A. He is a professional engineer, a CFA charter holder and a SEPC graduate from Harvard Business School. Mr. Lee is fluent in Cantonese and Mandarin.
Ms. Chung joined AIF Capital in 1995 and is responsible for the administration, compliance and finance functions of the Firm. She has over 20 years of experience in the operations of private equity funds and was made Partner and Investment Committee member in 2001.
Prior to AIF Capital, Ms. Chung has worked with multinational companies including Honeywell Limited, Sun Life Financial and the Ontario Government of Canada. She graduated with a B.A. in Business Management with distinction from the University of Toronto, Canada. Ms. Chung is a CFA charter holder and is fluent in Cantonese and Mandarin.
Mr. Li joined AIF Capital in 2014 and heads the Beijing office. He represents AIF Capital on the boards of various portfolio companies and the Firm’s investment activities in China including deal sourcing, transaction execution and portfolio investment management. He has over 18 years of work experience in mainland China, which included 13 years in private equity where he completed over US$ 1 billion in value of transactions in growth capital investment, buyout and industry consolidation, SOE restructuring and cross border opportunities.
Prior to joining AIF Capital, Mr. Li was Executive Director with China Merchant Kunlun Capital in Beijing. He started his private equity career in 2003 at Hony Capital where he rose through the ranks to become director and member of its management committee. Before Hony Capital, Jianming was in industry at Legend Holdings and China Hewlett Packard. Mr. Li graduated with a B.A. in Investment from Renmin University of China and a M.Sc. in Management from Beijing Jiaotong University (formerly Beifang Jiaotong University). Born in Shaanxi, China, Mr. Li has lived in Beijing for more than 20 years and is fluent in both Mandarin and English.
Ms. Ng joined AIF Capital in 2009 and is focused on the Firm’s strategic initiatives and business development activities in Asia including deal sourcing, capital raising and strategic relationship development. She has over 28 years of international investment banking experience in transaction execution, strategic business development across debt and equity capital markets, corporate advisory, investment banking coverage and specialized funds management activities.
Ms. Ng was previously a Managing Director with Macquarie Capital Group in Hong Kong responsible for its infrastructure and China funds activities. Prior to that, she was Head of Product Development, Asia Pacific at Credit Agricole Indosuez. She joined Schroders upon graduation and has lived and worked in Singapore, London, New York, Hong Kong and Beijing. Ms Ng graduated with a Bachelor of Business Administration from the National University of Singapore. She is fluent in Mandarin, Cantonese, Teochew, and Hokkien.
Mr. Barnes joined AIF Capital in 2006 and heads the Singapore office. He represents AIF Capital on the boards of various portfolio companies and is focused on the Firm’s investment activities in Southeast Asia including deal sourcing, transaction execution and portfolio investment management.
Prior to joining AIF Capital, Mr. Barnes was Senior Consultant with Deloitte Consulting’s Financial Services Industry Group in Tokyo, Japan, where he had worked on projects related to revenue growth, cost optimization, and M&A due diligence in both analytical and project management capacities in Japan and Taiwan. He joined a strategy and market intelligence consulting boutique, IBIS Associates in Washington, D.C. as an analyst upon graduation. Mr. Barnes holds a B.Sc. in Foreign Service (BSFS) with a concentration on International Economics and Asian Studies from Georgetown University and an M.B.A. in Finance & Accounting from University of Chicago Booth School of Business. He was born in Virginia, USA and is fluent in Japanese with intermediate capability in Bahasa Indonesia.
Mr. Ahluwalia joined AIF Capital in 2009 and heads the New Delhi office. He represents AIF Capital on the boards of various portfolio companies and is focused on the Firm’s investment activities in India including deal sourcing, transaction execution and portfolio investment management. He has over 14 years’ experience in private equity, financial advisory and industry.
Prior to joining AIF Capital, Mr. Ahluwalia was with Punj Lloyd and KPMG in India. In 2008, he completed a Summer Associate Internship Program with Goldman Sachs in the UK. Mr. Ahluwalia holds a Bachelor Degree in Commerce from Delhi University and an M.B.A (Dean’s List) from the Indian School of Business (Hyderabad). He is also a Chartered Accountant. Born in India, Mr. Ahluwalia is fluent in Hindi.
Jein Nern Tay
Mr. Tay joined AIF Capital in 2011 and has over eight years of experience in private equity and corporate investment. He represents AIF Capital on the boards of various portfolio companies and is focused on the Firm’s investment activities in Southeast Asia including investment origination, analysis and execution, and portfolio investment management.
Prior to joining AIF Capital, Mr Tay was an Investment Manager at Singapore government-linked EDB Investments (“EDBI”) responsible for analysis, execution and portfolio management in EDBI’s investments in Singapore-headquartered companies and joint ventures with multinational companies. Prior to EDBI, he was with Singapore’s Economic Development Board (“EDB”) where he promoted and facilitated FDI into Singapore in the pharmaceutical and healthcare sector. Mr. Tay graduated from Johns Hopkins University with a B.Sc. in Biomedical Engineering and minors in Economics, Entrepreneurship & Management and Mathematics, and from Stanford University with an M.Sc. in Management Science and Engineering. He is a CFA charter holder and is fluent in Mandarin.