MLC Private Equity will open a New York office and has recruited a local face to front its operations to find investments in North America and Latin America.
Head of MLC Private Equity Natalie Meyenn said it has recruited former LGT Capital Partner executive Andrew Kwee to establish the New York operation.
Kwee has been in private equity for 20 years and was a partner at LGT and prior to that opened and ran the New York private equity office for GIC Special Investments.
Meyenn said MLC Private Equity has been investing in the Americas since the late 1990s and was well positioned to build on its execution capabilities and investment record.
Stone and Chalk — the fintech hub based in Sydney — will move to larger premises even before opening in its original slated offices are 350 fintech operators applied for the 150 places initially on offer.
The hub will now open at level 2, 50 Bridge Street in central Sydney with more than 2300 square metres of office space, nearly twice the original, to be used by up to 200 entrepreneurs through a combination of dedicated labs, full and part time desks, secure offices and casual ‘drop in’ spaces.
