Raymond Zage

George Raymond Zage, III (born January 20, 1970)[1] is a Singapore-based businessman from Schaumburg, Illinois[2] 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.[3][4]

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.[5][6][7]

These investments required Farallon to establish new, closed-end investment vehicles, including Farallon Asian Special Situations I, II, and III,[8] 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.[9]

In 2020, Zage was a lead investor in the over $600 million acquisition of Grindr from Beijing Kunlun Tech Co.[10][11] This transaction came about as a result of the decision by CFIUS to compel the owner of Grindr, a Shenzhen-listed Chinese company, to sell the Company to US interests.[12]

Zage serves as an independent director of Toshiba Corporation,[13], and has also made personal investments in Whistler, BC[14]

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.[15][16] He has also been active in Room to Read ,[14][17], and is active in numerous other philanthropic activities.

References
  1. "Directors and Executives". Toshiba Corporation. Retrieved November 13, 2019.
  2. Silvinski, Krystyna (January 14, 2001). "Dentist George Zage Jr. of Schaumburg". Chicago Tribune. Retrieved August 9, 2020.
  3. Thompson, Sarah; Macdonald, Anthony (April 28, 2019). "Tribeca recruits ex-Farallon Capital manager for Asia credit". Australian Financial Review. Retrieved November 13, 2019.
  4. Thompson, Sarah; Macdonald, Anthony; Boyd, Tim (November 11, 2019). "Farallon escrow puts target on Whitehaven Coal stake". Australian Financial Review. Retrieved November 13, 2019.
  5. Mallaby, Sebastian (2010). More Money than God. A & C Black. p. 277.
  6. Manning, Paddy (2013). Boganaire. Black Inc.
  7. Sender, Henny (April 24, 2019). "Go-Jek and Grab's competing visions play out". Financial Times. Retrieved November 13, 2019.
  8. "Farallon closes special situations fund focused on Asia And Latin America at USD1.12bn". Hedgeweek. November 7, 2016. Retrieved November 13, 2019.
  9. Kot, Jan (March 13, 2019). "Riady Family Leads $1B Rights Issue for Lippo Development Unit after Bribery Scandal". Mingtiandi. Retrieved November 13, 2019.
  10. Stech Ferek, Katy (May 29, 2020). "U.S. Approves Sale of Dating App Whose Owners Were Probed by National Security Officials". Wall Street Journal. Retrieved August 8, 2020.
  11. Hale, Kori (March 26, 2020). "Grindr's Chinese Owner Sells Gay Dating App Over U.S. Privacy Concerns For $600 Million". Forbes. Retrieved August 8, 2020.
  12. Bauerle Danzman, Sarah; Gertz, Geoffrey (April 3, 2019). "Why is the U.S. forcing a Chinese company to sell the gay dating app Grindr?". Washington Post. Retrieved August 8, 2020.
  13. "Lippo Karawaci secures US$1b in funding, names new CEO and CFO". Straits Times. March 12, 2019. Retrieved November 13, 2019.
  14. Wood, John (2013). Creating Room to Read: A Story of Hope in the Battle for Global Literacy. Penguin.
  15. Passion Forward: National University of Singapore Annual Report 2019 (PDF) (Report). National University of Singapore. 2019. p. 24. Retrieved November 19, 2019.
  16. "SAS Foundation Board Members". Singapore American School. Retrieved November 19, 2019.
  17. Depuis, Branden (February 7, 2018). "The changing face of Creekside". Pique Newsmagazine. Retrieved November 13, 2019.
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