Ong brothers’ RRJ to challenge lead of Western private equity funds
Saturday, January 10, 2015
(SCMP by Toh Han Shih) – With its latest fund, RRJ Capital, a private equity firm run by former Goldman Sachs partner Richard Ong, aims to become one of the biggest homegrown private equity firms in Asia, challenging the dominance of Western players in this region.
If RRJ accomplishes its goal of raising US$4 billion for its third fund by the end of July, it will have nearly US$10 billion of assets under management, making it one of the biggest homegrown private equity firms in Asia, said an RRJ executive who declined to be named.
