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These investments required Farallon to establish new, closed-end investment vehicles, including Farallon Asian Special Situations I, II, and III,<ref>{{cite news|title=Farallon closes special situations fund focused on Asia And Latin America at USD1.12bn|date=November 7, 2016|accessdate=November 13, 2019|url=https://www.hedgeweek.com/2016/07/11/241444/farallon-closes-special-situations-fund-focused-asia-and-latin-america-usd112bn|magazine=Hedgeweek}}</ref> a marked departure from the liquid hedge fund that Farallon had traditionally managed.
These investments required Farallon to establish new, closed-end investment vehicles, including Farallon Asian Special Situations I, II, and III,<ref>{{cite news|title=Farallon closes special situations fund focused on Asia And Latin America at USD1.12bn|date=November 7, 2016|accessdate=November 13, 2019|url=https://www.hedgeweek.com/2016/07/11/241444/farallon-closes-special-situations-fund-focused-asia-and-latin-america-usd112bn|magazine=Hedgeweek}}</ref> 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.<ref>{{cite news|first=Jan|last=Kot|title=Riady Family Leads $1B Rights Issue for Lippo Development Unit after Bribery Scandal|date=March 13, 2019|accessdate=November 13, 2019|newspaper=Mingtiandi|url=https://www.mingtiandi.com/real-estate/finance-real-estate/riadys-lead-1b-fund-raise-for-lippo-development-unit/}}</ref> He also serves as an independent director of [[Toshiba Corporation]].<ref>{{cite news|title=Lippo Karawaci secures US$1b in funding, names new CEO and CFO|date=March 12, 2019|accessdate=November 13, 2019|url=https://www.straitstimes.com/business/property/lippo-karawaci-secures-us1b-in-funding-names-new-ceo-and-cfo|newspaper=[[Straits Times]]}}</ref>
After leaving Farallon to found Tiga Investments, Zage was involved in a restructuring of [[Lippo Karawaci]], where he joined the board.<ref>{{cite news|first=Jan|last=Kot|title=Riady Family Leads $1B Rights Issue for Lippo Development Unit after Bribery Scandal|date=March 13, 2019|accessdate=November 13, 2019|newspaper=Mingtiandi|url=https://www.mingtiandi.com/real-estate/finance-real-estate/riadys-lead-1b-fund-raise-for-lippo-development-unit/}}</ref>
In 2020, Zage was a lead investor in acquisition of [[Grindr]] from Beijing Kunlun Tech Co.<ref>{{cite news|title=U.S. Approves Sale of Dating App Whose Owners Were Probed by National Security Officials|first=Katy|last=Stech Ferek|date=May 29, 2020|url=https://www.wsj.com/articles/u-s-approves-sale-of-chinese-dating-app-probed-by-national-security-officials-11590782922|newspaper=[[Wall Street Journal]]}}</ref>
Zage serves as an independent director of [[Toshiba Corporation]],<ref>{{cite news|title=Lippo Karawaci secures US$1b in funding, names new CEO and CFO|date=March 12, 2019|accessdate=November 13, 2019|url=https://www.straitstimes.com/business/property/lippo-karawaci-secures-us1b-in-funding-names-new-ceo-and-cfo|newspaper=[[Straits Times]]}}</ref>, and has also made personal investments in [[Whistler, BC]]<ref name="RTR"/>


==Personal life==
==Personal life==


Zage has served as a co-opted member of the Investment Committee of the [[National University of Singapore]], and serves as the chair of the board of the foundation of the [[Singapore American School]].<ref>{{cite report|title=Passion Forward: National University of Singapore Annual Report 2019|publisher=[[National University of Singapore]]|date=2019|url=http://www.nus.edu.sg/docs/default-source/annual-report/nus-annualreport-2019.pdf|page=24|accessdate=November 19, 2019}}</ref><ref>{{cite web|title=SAS Foundation Board Members|publisher=[[Singapore American School]]|url=https://www.sas.edu.sg/give/boardmembers|accessdate=November 19, 2019}}</ref> He has also been active in [[Room to Read]] and has made personal investments in [[Whistler, BC]].<ref>{{cite book|first=John|last=Wood|title=Creating Room to Read: A Story of Hope in the Battle for Global Literacy|publisher=[[Penguin Books|Penguin]]|year=2013}}</ref><ref>{{cite news|title=The changing face of Creekside|first=Branden|last=Depuis|url=https://www.piquenewsmagazine.com/whistler/the-changing-face-of-creekside/Content?oid=6804779|date=February 7, 2018|accessdate=November 13, 2019|newspaper=[[Pique Newsmagazine]]}}</ref>
Zage has served as a co-opted member of the Investment Committee of the [[National University of Singapore]], and serves as the chair of the board of the foundation of the [[Singapore American School]].<ref>{{cite report|title=Passion Forward: National University of Singapore Annual Report 2019|publisher=[[National University of Singapore]]|date=2019|url=http://www.nus.edu.sg/docs/default-source/annual-report/nus-annualreport-2019.pdf|page=24|accessdate=November 19, 2019}}</ref><ref>{{cite web|title=SAS Foundation Board Members|publisher=[[Singapore American School]]|url=https://www.sas.edu.sg/give/boardmembers|accessdate=November 19, 2019}}</ref> He has also been active in [[Room to Read]] ,<ref name="RTR">{{cite book|first=John|last=Wood|title=Creating Room to Read: A Story of Hope in the Battle for Global Literacy|publisher=[[Penguin Books|Penguin]]|year=2013}}</ref><ref>{{cite news|title=The changing face of Creekside|first=Branden|last=Depuis|url=https://www.piquenewsmagazine.com/whistler/the-changing-face-of-creekside/Content?oid=6804779|date=February 7, 2018|accessdate=November 13, 2019|newspaper=[[Pique Newsmagazine]]}}</ref>, and is active in numerous other philanthropic activities.


==References==
==References==

Revision as of 00:03, 9 August 2020

George Raymond Zage, III (born January 20, 1970)[1] is a Singaporean businessman and former hedge fund manager.

Career

After an 8-year stint at Goldman Sachs, Zage rose to prominence at Farallon Capital Management, where he founded the hedge fund's Asian business.[2][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 on the heels of the Asian Financial Crisis, an investment in Aston Resources, which eventually listed and merged with Whitehaven Coal, and Go-Jek, where he serves on the board.[4][5][6]

These investments required Farallon to establish new, closed-end investment vehicles, including Farallon Asian Special Situations I, II, and III,[7] 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.[8]

In 2020, Zage was a lead investor in acquisition of Grindr from Beijing Kunlun Tech Co.[9]

Zage serves as an independent director of Toshiba Corporation,[10], and has also made personal investments in Whistler, BC[11]

Personal life

Zage has served as a co-opted member of the Investment Committee of the National University of Singapore, and serves as the chair of the board of the foundation of the Singapore American School.[12][13] He has also been active in Room to Read ,[11][14], and is active in numerous other philanthropic activities.

References

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