|Oasis Management to acquire Petrel Capital after successful three-year run on OPIM Platform||
Oasis Management Company Ltd. (“Oasis”) today announced its agreement to acquire Petrel Capital Management Ltd.(“Petrel Capital”), a Greater China-focused investment firm founded in 2015 by Rawen Huang.
Mr. Huang, Founder and Chief Investment Officer at Petrel Capital, will join Oasis as Head of Greater China Strategies, a newly-created role, and will report directly to Seth Fischer, Chief Investment Officer at Oasis.
The Petrel Greater China Fund will be renamed the Oasis Petrel Greater China Fund(the“Oasis Petrel Fund”). Mr. Huang will continue to serve as the Portfolio Manager for the Oasis Petrel Fund.
“Rawen and I worked closely together from 2012 to 2014 during his time at Oasis, and weare very impressed by what he has built in Petrel Capital. We are excited to welcome him back,’’ said Mr. Fischer. “We look forward to working with Rawen and his team to further expand our Greater China portfolio.”
“I’m very excited for the opportunity to re-join Oasis,’’ said Mr. Huang. “Seth has been the biggest supporter of me and Petrel Capital since our inception, and I look forward to leading Oasis’s Greater China team and contributing to Oasis’s continued success. I would also like to express our gratitude to Alvin Fan and OP Investment Management for their invaluable partnership during the last three years.”
“Having worked with Rawen over the last three years, I can attest to Petrel’s track record – the cumulative result of gritty determination, smart investing, and mature business management,” said Mr. Fan, Chief Executive Officer at OP Investment Management. “We have always been committed to helping funds grow, and that is what Rawen and Petrel have done.”
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