IB heavyweights launch private equity fund

David Olson''s Primus Pacific fund is targeting $1 billion.

David Olson, an ex-chairman of CSFB's Asia Pacific investment banking division, has established a private equity fund specializing in direct investments into Asian financial services companies. Primus Pacific, which has offices in Hong Kong and Chicago, is expected to launch its first fund with a target size of US$1 billion.

The new venture sees Olson teaming up with Guocang Huan, previously HSBC's head of investment banking in Asia, and Wing-Fai Ng, ex-head of...

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