13th October, 2022 – Colmore, the leading service and technology provider for private market Limited Partners (LPs) and allocators, has launched its Asia Pacific (APAC) presence with the appointment of April Wu to APAC Head of Sales. April joins Colmore following 12 years of experience in the alternative investment technology industry across private equity, real estate, private debt, and hedge funds.
APAC private markets have been growing exponentially in the last few years, and the region is becoming increasingly important for both investors and investment managers. Preqin’s Alternatives in Asia Pacific 2022 report forecasts private capital AUM to grow at 15% CAGR for APAC CAGR (ex RMB funds), reaching $2.3tn* by 2026. Investors in APAC are increasing allocations to alternatives, and increasingly looking for investment exposure to global markets while continuing with domestic allocations.
Ben Cook, CEO of Colmore says: “Being a client-first company, the demand from APAC was recognized early on. Colmore and Preqin are well-positioned to support our clients in APAC and are ready to scale owing to a very strong presence in the region. We were looking for the right person to represent Colmore in APAC, with an understanding of APAC client’s nuances and strategic requirements. With April leading our expansion out of Singapore, we are very excited about the future.”
April shares, “I am honored and proud to join Colmore to lead our expansion in APAC. I truly believe Colmore has been the missing piece in the allocators’ space. Having served the private markets in the last few years, I am inspired by the expertise Colmore brings to the region and firmly see the opportunities where we can value-add our clients’ investment workflows. Technology alone is not sufficient. Repetitive processes are not sustainable. Hence, Colmore’s founding principles and dedication to quality first have been refreshing. I am excited for our APAC LPs and allocators to get to know Colmore and our best-in-class allocator solutions.”
Colmore, a Preqin company, is a market-leading, technology-driven private markets investor services business focused on the Limited Partner and Allocator market. The business operates from offices located in New York and Dallas in the US, and London and Birmingham in the UK as well as Singapore in APAC. Colmore employs more than 240 professionals, with the business monitoring over 4,500 private market funds and 40,000+ holdings.
*United States Dollar