Ken Poon
Founder & Partner
Email: ken.poon@xcap-partners.com
WeChat: ken1916
Prior to founding XCap Partners, Ken was the Asia-Pacific Head of Capital Markets Origination at Citigroup which includes all ECM, DCM, Acquisition Financing, and Structured Financing activities in the region.​
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Ken has nearly 30 years of experience in Asian Capital Markets and has completed transactions in every active market across the region. ​
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In 2014, Ken played a key role in advising on the NYSE listing of Alibaba which raised US$25 bn and is the second largest IPO in the world.​
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Ken’s landmark equity deal experience includes: AIA’s US$20.4bn IPO, Sands China’s US$2.5bn IPO, Global Logistics Property US$3bn IPO, China Railway Construction’s US$2.3bn IPO, Melco’s US$1.3bn Nasdaq IPO, Sun Hung Kai Property’s US$1bn equity placement, LG.Philips LCD’s US$2.2bn equity offering, Hynix’s US$2.2bn equity follow on offering, over US$1bn of secondary equity placements for Esprit, and REIT IPOs for GZI, Suntec, and Champion from PRC, Singapore, and Hong Kong respectively.​
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Ken has also advised on the structuring and distribution of a large number of equity-linked issuances which include: Exchangeable bond offerings for Hutchison into Vodafone raising over US$6bn, Korea Telecom's exchangeable bond offering for US$1.3bn, one of the first convertible offerings from a PRC company China Mobile raising US$690mm, Chartered Semiconductor’s US$575mm convertible issuance. Finally, he has pioneered the issuance of the first negative yield CBs in Asia for Quanta Computers in Taiwan.
Ken has advised Asian Governments on a number landmark privatizations including the US$1.3bn IPO of China Netcom, the US$7.377bn simultaneous placement of equity and convertibles for China Mobile, Temasek's US$1.5bn simultaneous equity and exchangeable bond offer into Singapore Telecom, US$1.6bn Privatization of Chungwha Telecom in Taiwan, and over US$2bn of TSMC ADR issuance for the Taiwan Government and Philips.​
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Ken is presently the Co-Sponsor, President and Co-Chief Investment Officer of Summit Healthcare Acquisition Corp (Stock Code: SMIHU) which listed on the Nasdaq stock exchange in June 2021 raising US$230 million.
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He holds a Bachelor in Commerce (Finance) from the University of British Columbia, and an Executive MBA Joint Degree between Northwestern University Kellogg School of Management and Peking University Guanghua School of Management.​
Nancy Valiente
Partner
Email: nancy.valiente@xcap-partners.com
WeChat: MNancyV
Prior to joining XCap Partners, Nancy was Managing Director in the Asia advisory team at Evercore where she gave strategic and financial advice to boards, shareholders, CEOs and CFOs on mergers and acquisitions, private placements, pre-IPO restructurings, IPOs, follow on offerings and privatisations.
Nancy has 20 years of experience in mergers and acquisitions as well as private and public capital markets and has worked with clients across verticals including consumer, industrials, banking and financial services, media and technology, transport, logistics, utilities and education.
In addition to her banking experience, Nancy has held senior leadership roles in Hong Kong companies where she was responsible for strategy, financial performance, business transformations, investments and joint ventures, acquisitions, exits, corporate governance and investor relations. She served on the executive committees and boards of portfolio companies and is currently a board adviser to founder/family-owned private companies.
She holds a Bachelor of Science in Business Administration and Accountancy degree from the University of the Philippines and an MBA in Finance from The Wharton School of the University of Pennsylvania.
Tracy Kung
Partner
Email: tracy.kung@xcap-partners.com
WeChat: tkziling
Prior to joining XCap, Tracy was a director at Transaction Banking at China Construction Bank (Asia) and a director at Transaction Management Group, Debt Capital Markets Asia Pacific at HSBC. ​
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Tracy has over 17 years of in-house and private practice experience in a broad range of capital market transactions (including Rule 144A/Reg S and SEC-registered bonds by way of public offering, private placement and retail offering, investment grade and high yield bonds, dim sum bonds, Panda bonds, Formosa bonds, EMTN and GMTN programme setup and drawdowns, hybrid securities and equity-linked bonds), liability management, structured finance, bilateral/syndicated loan financing with offshore and onshore security and corporate finance. ​​
Eric Au
Partner
Email: eric.au@xcap-partners.com
WeChat: EAOJ1999
Eric was the Managing Director, Head of Equity Capital Markets and Responsible Officer (Type 1 & 6) at China Industrial Securities International. Before that, he held front-line management roles at various Global FIs, such as Citigroup, Standard Chartered and ABN AMRO.
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Along Eric’s 20+ years of banking career, he has advised entrepreneurs, issuers and investors on numerous public and private transactions, including Equity & Debt Capital Markets Fundraising, Real Estate Project Finance, Special Situations and Debt Restructuring as well as M&A.
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In addition to his banking experience focused on APAC, Eric also has Corporate Development and Financial Management experience of Solar Energy and Industrial Park Project Development in Europe, Middle East and Africa.
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He is a CFA Charter holder and a Fellow Member of The Association of Chartered Certified Accountants (FCCA).
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Sukhdeep Singh Sandhu
Partner
Email: sukhdeep.sandhu@xcap-partners.com
WeChat: Sukhdeepss8778
A Singaporean based in Hong Kong since 1998, has 26 years of Corporate & Investment Banking (“CIB”) experience in Asia Pacific (“APAC”). At Natixis for 16 years, Sukhdeep was responsible for CIB coverage and origination for South China, Hong Kong, Taiwan and Korea. Prior to Natixis, Sukhdeep was in two start up CIB’s at Centre Solutions (1998), backed by Zurich Financial Services Group and Nexgen Financial Solutions (2003) backed by Temasek and Caisse des Depôts et Consignations (CDC), the largest French State-owned bank.
Prior to banking, he was an Artillery Officer in the Singapore Army. Sukhdeep received his officers commission from the Royal Military College, Australia. His military career included command appointments as a Battery Commander, Senior Tactics Instructor at the School of Artillery and secondment to the Foreign Service as a Protocol Officer.
As a regional Senior Banker, Sukhdeep formulated and implemented APAC strategy over 125 institutional clients in APAC, comprising Corporates, UHNW Family Offices, Sovereign Wealth Funds and Non-Banking Financial institutions. He is comfortable with the variety of cultures in APAC, conversant in English, Bahasa Malaysia, Bahasa Indonesia, Hindi and basic Mandarin.
Sukhdeep has a Bachelor degree in Mechanical Engineering, NUS, Post Graduate Diploma in Financial Management SIM; Masters in Financial Engineering, RMIT; Executive Leadership Program, Oxford and a Certificate in FinTech, Oxford, and the Pearsons FT NED Diploma.
Matthew Hegarty
Partner
Matthew brings over 20 years of Asia-Pacific investment management and corporate finance experience to XCap Partners, with deep expertise across public and private markets, ECM, DCM and alternative investments.
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Prior to joining XCap Partners, Matthew served as Chief Operating Officer and Investment Committee member at EFM Group Limited, a Hong Kong and Sydney-based specialist investment manager focused on public and late-stage private equities. At EFM, he had firm-wide responsibility across investment operations, finance, business development, compliance and governance.
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Matthew's landmark investment experience includes founding member roles at Antipodes Global Investment Partners, an independent global equities manager (over $9bn in AUM), and Global Value Investors Limited (over $1bn in AUM), where he managed global large-cap and mid-cap equities while overseeing all foreign exchange hedging and derivatives management. His extensive sector coverage has spanned Global Financials as lead analyst, Infrastructure, Industrials, Energy, Consumer Discretionary, and Utilities across multiple investment platforms.
Matthew's private markets experience includes serving as Director at Mosaic Partners in Hong Kong and Beijing, where he was a core member of the private equity investment team responsible for transaction review, detailed due diligence and forming joint-venture investment partnerships with Chinese asset managers. He also led capital-raising activities across the region.
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Prior to his investment career, Matthew worked as a Deal Manager in Corporate and Structured Finance at the Commonwealth Bank of Australia, where he worked on complex transactions for major Australian corporations including Qantas Airways Limited, BHP Group Limited, Fairfax Media Limited and News Corporation Limited. Matthew began his career as a lawyer specialising in commercial and intellectual property law.
Matthew is a board member of the St Andrew's Cathedral School Foundation and serves on its Finance and Investment Committee.
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He holds a combined Bachelor of Arts (Economics/Politics) and Bachelor of Laws degrees from Macquarie University, where he was inducted into the Golden Key National Honour Society and served on the Law Society Executive Committee.
Qing Zhao
Managing Director
Email: qing.zhao@xcap-partners.com
WeChat: kkqingzhao
Qing has 12 years of investment banking experience. Prior to XCap Partners, Qing was an Executive Director at Investment Banking AeJ at Nomura, completing many landmark M&A, ECM and DCM transactions with significant experience in TMT, FinTech and FIG sectors. Before that, he was in FIG Investment Banking APAC at BNP Paribas, completing a number of cross-border M&A and IPO transactions.
Selected M&A experience includes MetLife’s sale of its HK life insurance business, Mitsui Sumitomo Insurance’s acquisition of a 37.5% stake in BoComm Life, Generali’s acquisition of a 49% stake in Multi-Purpose Insurans in Malaysia with a call option to acquire an additional 21% stake, Anbang Insurance Group’s acquisition of a 100% stake in Delta Lloyd Bank in Belgium, Liberty Mutual’s acquisition of a 68% stake in UAG in Malaysia, BNI’s sale of its c.40% stake in BNI Life in Indonesia, Dai-ichi Life’s acquisition of a 40% stake in Panin Life in Indonesia, etc.
Selected ECM experience includes HK IPO of Dida Inc, Yeahka Limited, New Oriental Education & Technology, Koolearn Technology, JD.com, CDB Leasing, Bank of Qingdao, Huatai Securities, China Everbright Bank, etc.
Selected DCM experience includes additional tier-1 capital issuance of ICBC, 3-year senior note of Dalian Wanda Group, senior notes of China Construction Bank, etc.
Qing holds a Bachelor of Science in Finance and Accounting from the University of Maryland.