BurdaPrincipal Investments adds another unicorn to its investment portfolio as the Carsome Group (Carsome), Southeast Asia’s largest integrated car e-commerce platform
With investments in companies such as fashion platform Zilingo or used car trading platform Carsome, Southeast Asia has become an important and fast-growing market for BurdaPrincipal Investments (BPI), the growth capital arm of media and tech company Hubert Burda Media. Since 2016, BPI has been present in Southeast Asia with a team of investment experts based in Singapore pursuing new investment opportunities in the region. As of June 1, 2021, BPI is growing its senior management team in South East Asia with investment expert Neil Fong (37) joining the company as Principal.
“Since 2016, we have made some major investments in the South East Asian region which has become an important pillar of our global investment strategy. As we are planning to grow our activities in the region and expand into new markets, I’m very much looking forward to welcoming Neil to the team who brings in a wealth of experience as a senior investment advisor.”
Christian Teichman, Managing Director at BurdaPrincipal Investments
"We are thrilled to welcome Neil to the BPI team. He brings a deep set of experiences investing into technology companies in Southeast Asia, particularly within Indonesia, and will strengthen our presence in this region."
Albert Shyy, Managing Director Asia at BurdaPrincipal Investments
Neil started his career at Black Rock in New York City, where he spent eight years working with Central Banks and Sovereign Wealth Funds building multi-asset portfolios, before taking on a role as an investment strategist within the Real Assets Private Equity team. Prior joining BPI, Neil led growth and pre-IPO investments for Sinarmas Gear Innovation Network, where he managed a portfolio that included GoJek, Tokopedia, Traveloka and Airbnb. Neil also led early-stage investments at Agape Ace, a Singapore family office whose portfolio includes Ohmyhome, Madeviral, Glife and Allegro Aqua. He completed his MBA at Insead and BSc at NYU’s Stern School of Business with dual degrees in Finance and Economics. Neil serves as a senior investment advisor to Sinarmas, and is a CAIA charterholder.