Deutsche Asia secondaries head departs – exclusive

Jason Sambanju's next venture is understood to be a new Asian secondaries firm.

Deutsche Bank’s Asia secondaries head has left the bank after three years in the post, Secondaries Investor has learned.

Jason Sambanju, who has led private equity secondaries in the region for the German bank’s DB Private Equity unit since June 2014, left in June, according to three sources familiar with the matter.

Secondaries Investor understands that Sambanju’s next venture is Foundation Private Equity, which partners “with investors in Asian private equity to recalibrate funds and portfolios utilising bespoke secondary solutions”, according to its website.

The website does not list any other details of the firm’s strategy or its professionals.

Sambanju has not yet been replaced and one secondaries-focused associate remains in the unit’s Singapore office, according to two of the sources.

Sambanju joined DB Private Equity in 2014 from secondaries firm Paul Capital Partners, where he was managing director and co-head of Asia, according to his LinkedIn profile.

In early 2016 he relocated to Singapore after spending two years in the Deutsche’s Hong Kong office, as Secondaries Investor reported.

DB Private Equity is investing its 2014-vintage DB Secondary Opportunities Fund III, which beat its $1 billion target to close on $1.7 billion, according to PEI data.

A spokesman for Deutsche declined to comment.