Auda continues to build Hong Kong team

Auda International has hired Eunseok So as a senior vice president in its Hong Kong office, according to a statement.

So was previously a vice-president at Squadron Capital, which was acquired by FLAG Capital in 2012. So has also worked as head of private equity at Daishin Securities in Seoul.

So’s appointment comes one week after Auda hired former Paul Capital executive Lucian Wu as a managing director in its Hong Kong office. So will work under Wu and head of Asian investments Jacob Chiu.

Auda is expanding its presence in Asia, having opened its Hong Kong office in 2007 and its Shanghai office in 2014, according to its website.

The firm invests in private equity funds in America, Asia and Europe using primary and secondary funds, as well as fund of funds and co-investment funds. Its latest secondaries fund is the 2012-vintage Auda Secondary Fund III, which closed on $332 million earlier this year.

Fund III collected more than 60 percent of the capital from Auda’s existing investors. The fund attracted 12 new institutional investors from both Europe and the US, representing more than 30 percent of committed capital.