Private equity group Virtua Partners announced today that it has opened a regional office in Hong Kong. Virtua Capital Management, an affiliate of Virtua Partners, will occupy the space located at Two International Finance Centre (IFC).
With headquarters in Phoenix, Arizona, and affiliate offices in San Diego and Newport Beach, California, the new office marks the firm’s first global expansion and presence in Asia.
“We’re thrilled to open our first international office in Hong Kong,” said Quinn Palomino, Co-Founder of Virtua Partners. “We considered multiple locations in Asia but settled on Hong Kong because of its strong business culture, deep labor pool, and proximity to Mainland China.”
The Hong Kong office will oversee investor relations and provide financial analysis and accounting services for a series of funds managed by Virtua Capital Management. Future plans for Virtua include the closing of their first Asian fund this summer, in partnership with a leading Chinese financial institution.
“The Hong Kong office is an important part of Virtua’s growth strategy,” said Derek Uldricks, President of Virtua Capital Management. “We believe that continued high growth in regional markets will create ongoing opportunities for cross border investment.”
About Virtua Partners:
Virtua Partners is a private equity firm specializing in commercial real estate. Virtua sponsors a variety of funds and commercial real estate projects across the country. Investment products include fixed income, growth to income, growth, and aggressive growth. Through its affiliates, Virtua provides debt and equity origination, asset and property management, workout consulting, development, and fund management.