Key Takeaways
- • HIG Capital appointed Younghee Choi, a former Blackstone senior managing director, as Head of Asia within its Capital Formation Group, based in Hong Kong, to expand institutional and private wealth fundraising across the region.
- • Choi brings 15+ years of private markets and fundraising experience, most recently leading Korea Institutional Client Solutions at Blackstone, where she developed relationships with institutional investors and expanded private wealth fundraising in South Korea.
- • HIG Capital, which manages approximately $75 billion in assets, is leveraging Choi's investor relationships and regional expertise to deepen its Asian LP base and strengthen positioning across private equity, private credit, real assets, and infrastructure strategies.
- • The appointment underscores HIG's strategic focus on building its global alternatives platform and capturing institutional capital flows from Asia, a region increasingly critical to large alternative asset managers' growth strategies.
Summary
HIG Capital has strengthened its Asia leadership by recruiting Younghee Choi, a senior executive from Blackstone's institutional and private wealth divisions, to serve as Head of Asia within its Capital Formation Group. Choi will be based in Hong Kong and oversee all capital formation activities across Asia for HIG's suite of global private equity, credit, and real assets investment strategies.
Choi's appointment reflects HIG's deliberate effort to deepen relationships with both institutional investors and private wealth clients across Asia. At Blackstone, she held senior positions spanning institutional client solutions and private wealth operations, most recently serving as Senior Managing Director and Head of Korea Institutional Client Solutions. In that role, she built and maintained relationships with large institutional investors while overseeing the expansion of Blackstone's private wealth fundraising activities in South Korea—a marquee market for alternative capital.
The executive brings over 15 years of experience in private markets and fundraising, giving her established credibility and operational knowledge in the institutional capital ecosystem. At HIG, her mandate will center on expanding the firm's institutional LP base across Asia and broadening its market presence while connecting regional investors to HIG's global investment strategies spanning middle-market buyouts, recapitalizations, senior and unitranche debt, and real assets.
Jordan Peer Griffin, executive managing director and global head of HIG's Capital Formation Group, stated that Choi's investor relationships and experience would support HIG's regional expansion efforts. HIG, which manages approximately $75 billion in capital under management, has positioned itself as a diversified alternatives platform operating across private equity, private credit, real estate, and infrastructure.
The move aligns with broader industry trends toward geographic decentralization of fundraising operations and signals HIG's commitment to capturing institutional capital growth from Asia's institutional and high-net-worth investor base.
Choi's appointment reflects HIG's deliberate effort to deepen relationships with both institutional investors and private wealth clients across Asia. At Blackstone, she held senior positions spanning institutional client solutions and private wealth operations, most recently serving as Senior Managing Director and Head of Korea Institutional Client Solutions. In that role, she built and maintained relationships with large institutional investors while overseeing the expansion of Blackstone's private wealth fundraising activities in South Korea—a marquee market for alternative capital.
The executive brings over 15 years of experience in private markets and fundraising, giving her established credibility and operational knowledge in the institutional capital ecosystem. At HIG, her mandate will center on expanding the firm's institutional LP base across Asia and broadening its market presence while connecting regional investors to HIG's global investment strategies spanning middle-market buyouts, recapitalizations, senior and unitranche debt, and real assets.
Jordan Peer Griffin, executive managing director and global head of HIG's Capital Formation Group, stated that Choi's investor relationships and experience would support HIG's regional expansion efforts. HIG, which manages approximately $75 billion in capital under management, has positioned itself as a diversified alternatives platform operating across private equity, private credit, real estate, and infrastructure.
The move aligns with broader industry trends toward geographic decentralization of fundraising operations and signals HIG's commitment to capturing institutional capital growth from Asia's institutional and high-net-worth investor base.
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