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{{Short description|Singapore-based businessman from Schaumburg, Illinois}}
{{Orphan|date=May 2020}}
⚫ '''George Raymond Zage, III''' (born January 20, 1970)<ref>{{cite web|title=Directors and Executives|url=https://www.toshiba.co.jp/worldwide/about/manage/directors/zage.htm|accessdate=November 13, 2019|publisher=]}}</ref> is a ]-based businessman and former ] manager from ], USA.<ref>{{cite news|title=Dentist George Zage Jr. of Schaumburg|date=January 14, 2001|url=https://www.chicagotribune.com/news/ct-xpm-2001-01-14-0101140229-story.html|accessdate=August 9, 2020|first=Krystyna|last=Silvinski|newspaper=]}}</ref>

⚫ '''George Raymond Zage, III''' (born January 20, 1970)<ref>{{cite web|title=Directors and Executives|url=https://www.toshiba.co.jp/worldwide/about/manage/directors/zage.htm|accessdate=November 13, 2019|publisher=]}}</ref> is a ]-based businessman from ]<ref>{{cite news|title=Dentist George Zage Jr. of Schaumburg|date=January 14, 2001|url=https://www.chicagotribune.com/news/ct-xpm-2001-01-14-0101140229-story.html|accessdate=August 9, 2020|first=Krystyna|last=Silvinski|newspaper=]}}</ref> and former ] manager.


==Career== ==Career==
⚫ After 8-years at ], Zage rose to prominence at ], where he founded the hedge fund's Asian business.<ref>{{cite news|title=Tribeca recruits ex-Farallon Capital manager for Asia credit|date=April 28, 2019|accessdate=November 13, 2019 |first1=Sarah |last1=Thompson |first2=Anthony |last2=Macdonald|newspaper=The ]|url=https://www.afr.com/street-talk/tribeca-recruits-ex-farallon-capital-manager-for-asia-credit-20190428-p51hxl|url-access=subscription}}<br>- {{cite news|date=November 11, 2019|accessdate=November 13, 2019|title=Farallon escrow puts target on Whitehaven Coal stake|first1=Sarah|last1=Thompson|first2=Anthony|last2=Macdonald|first3=Tim|last3=Boyd|newspaper=The Australian Financial Review|url=https://www.afr.com/street-talk/farallon-escrow-puts-target-on-whitehaven-coal-stake-20191111-p539b0|url-access=subscription}}</ref>


⚫ At Farallon, Zage spearheaded large private investments in Asian corporates in a way that differed from Farallon's historical investment approach. These investments included the purchase of a controlling stake in ] after the ], an investment in Aston Resources, which eventually listed and merged with ] and ], where he is on the board.<ref>{{cite book|year=2010|title=More Money than God|first=Sebastian|last=Mallaby|publisher=]|page=277|title-link=More Money Than God}}<br>- {{cite book|first=Paddy|last=Manning|title=Boganaire|year=2013|publisher=]}}<br>- {{cite news|first=Henny|last=Sender|date=April 24, 2019|accessdate=November 13, 2019|title=Go-Jek and Grab's competing visions play out|url=https://www.ft.com/content/fb92f4a0-64f0-11e9-9adc-98bf1d35a056|newspaper=]|url-access=subscription}}</ref>
⚫ After an 8-year stint at ], Zage rose to prominence at ], where he founded the hedge fund's Asian business.<ref>{{cite news|title=Tribeca recruits ex-Farallon Capital manager for Asia credit|date=April 28, 2019|accessdate=November 13, 2019|first1=Sarah|last1=Thompson|first2=Anthony|last2=Macdonald|newspaper=]|url=https://www.afr.com/street-talk/tribeca-recruits-ex-farallon-capital-manager-for-asia-credit-20190428-p51hxl}}</ref><ref>{{cite news|date=November 11, 2019|accessdate=November 13, 2019|title=Farallon escrow puts target on Whitehaven Coal stake|first1=Sarah|last1=Thompson|first2=Anthony|last2=Macdonald|first3=Tim|last3=Boyd|newspaper=]|url=https://www.afr.com/street-talk/farallon-escrow-puts-target-on-whitehaven-coal-stake-20191111-p539b0}}</ref>


These investments required Farallon to establish new, closed-end investment vehicles, including Farallon Asian Special Situations I, II and III,<ref>{{cite news|title=Farallon closes special situations fund focused on Asia And Latin America at USD1.12bn|date=November 7, 2016|accessdate=November 13, 2019|url=https://www.hedgeweek.com/2016/07/11/241444/farallon-closes-special-situations-fund-focused-asia-and-latin-america-usd112bn|magazine=Hedgeweek}}</ref> a marked departure from the liquid hedge fund that Farallon had traditionally managed.
⚫ At Farallon, Zage spearheaded large private investments in Asian corporates in a way that differed from Farallon's historical investment approach. These investments included the purchase of a controlling stake in ] on the heels of the ], an investment in Aston Resources, which eventually listed and merged with Whitehaven Coal, and ], where he serves on the board.<ref>{{cite book|year=2010|title=More Money than God|first=Sebastian|last=Mallaby|publisher=]|page=277|title-link=More Money Than God}}</ref><ref>{{cite book|first=Paddy|last=Manning|title=Boganaire|year=2013|publisher=]}}</ref><ref>{{cite news|first=Henny|last=Sender|date=April 24, 2019|accessdate=November 13, 2019|title=Go-Jek and Grab's competing visions play out|url=https://www.ft.com/content/fb92f4a0-64f0-11e9-9adc-98bf1d35a056|newspaper=]}}</ref>


These investments required Farallon to establish new, closed-end investment vehicles, including Farallon Asian Special Situations I, II, and III,<ref>{{cite news|title=Farallon closes special situations fund focused on Asia And Latin America at USD1.12bn|date=November 7, 2016|accessdate=November 13, 2019|url=https://www.hedgeweek.com/2016/07/11/241444/farallon-closes-special-situations-fund-focused-asia-and-latin-america-usd112bn|magazine=Hedgeweek}}</ref> a marked departure from the liquid hedge fund that Farallon had traditionally managed. After leaving Farallon to found Tiga Investments, Zage was involved in a restructuring of ], where he joined the board.<ref>{{cite news|first=Jan|last=Kot|title=Riady Family Leads $1B Rights Issue for Lippo Development Unit after Bribery Scandal|date=March 13, 2019|accessdate=November 13, 2019|newspaper=Mingtiandi|url=https://www.mingtiandi.com/real-estate/finance-real-estate/riadys-lead-1b-fund-raise-for-lippo-development-unit/}}</ref>


⚫ In 2020, Zage was a lead investor in the over $600 million acquisition of ] from Beijing Kunlun Tech Co.<ref>{{cite news|title=U.S. Approves Sale of Dating App Whose Owners Were Probed by National Security Officials|first=Katy|last=Stech Ferek|date=May 29, 2020|accessdate=August 8, 2020|url=https://www.wsj.com/articles/u-s-approves-sale-of-chinese-dating-app-probed-by-national-security-officials-11590782922|newspaper=]|url-access=subscription}}<br>- {{cite news|title=Grindr's Chinese Owner Sells Gay Dating App Over U.S. Privacy Concerns For $600 Million|first=Kori|last=Hale|date=March 26, 2020|accessdate=August 8, 2020|url=https://www.forbes.com/sites/korihale/2020/03/26/grindrs-chinese-owner-sells-gay-dating-app-over-us-privacy-concerns-for-600-million/|work=]}}</ref> This transaction was a result of the decision by ] to compel the owner of Grindr, a Shenzhen-listed Chinese company, to sell the company to US interests.<ref>{{cite news|title=Why is the U.S. forcing a Chinese company to sell the gay dating app Grindr?|date = April 3, 2019|accessdate=August 8, 2020|first1=Sarah|last1=Bauerle Danzman|first2=Geoffrey|last2=Gertz|url=https://www.washingtonpost.com/politics/2019/04/03/why-is-us-is-forcing-chinese-company-sell-gay-dating-app-grindr/|newspaper=]}}</ref>
After leaving Farallon to found Tiga Investments, Zage was involved in a restructuring of ], where he joined the board.<ref>{{cite news|first=Jan|last=Kot|title=Riady Family Leads $1B Rights Issue for Lippo Development Unit after Bribery Scandal|date=March 13, 2019|accessdate=November 13, 2019|newspaper=Mingtiandi|url=https://www.mingtiandi.com/real-estate/finance-real-estate/riadys-lead-1b-fund-raise-for-lippo-development-unit/}}</ref>


⚫ Zage is an independent director of ],<ref>{{cite news|title=Lippo Karawaci secures US$1b in funding, names new CEO and CFO|date=March 12, 2019|accessdate=November 13, 2019|url=https://www.straitstimes.com/business/property/lippo-karawaci-secures-us1b-in-funding-names-new-ceo-and-cfo|newspaper=]}}</ref> and has also made personal investments in ].<ref name="RTR"/>
⚫ In 2020, Zage was a lead investor in the over $600 million acquisition of ] from Beijing Kunlun Tech Co.<ref>{{cite news|title=U.S. Approves Sale of Dating App Whose Owners Were Probed by National Security Officials|first=Katy|last=Stech Ferek|date=May 29, 2020|accessdate=August 8, 2020|url=https://www.wsj.com/articles/u-s-approves-sale-of-chinese-dating-app-probed-by-national-security-officials-11590782922|newspaper=]}}</ref><ref>{{cite news|title=Grindr's Chinese Owner Sells Gay Dating App Over U.S. Privacy Concerns For $600 Million|first=Kori|last=Hale|date=March 26, 2020|accessdate=August 8, 2020|url=https://www.forbes.com/sites/korihale/2020/03/26/grindrs-chinese-owner-sells-gay-dating-app-over-us-privacy-concerns-for-600-million/|work=]}}</ref> This transaction came about as a result of the decision by ] to compel the owner of Grindr, a Shenzhen-listed Chinese company, to sell the Company to US interests.<ref>{{cite news|title=Why is the U.S. forcing a Chinese company to sell the gay dating app Grindr?|date = April 3, 2019|accessdate=August 8, 2020|first1=Sarah|last1=Bauerle Danzman|first2=Geoffrey|last2=Gertz|url=https://www.washingtonpost.com/politics/2019/04/03/why-is-us-is-forcing-chinese-company-sell-gay-dating-app-grindr/|newspaper=]}}</ref>

⚫ Zage serves as an independent director of ],<ref>{{cite news|title=Lippo Karawaci secures US$1b in funding, names new CEO and CFO|date=March 12, 2019|accessdate=November 13, 2019|url=https://www.straitstimes.com/business/property/lippo-karawaci-secures-us1b-in-funding-names-new-ceo-and-cfo|newspaper=]}}</ref>, and has also made personal investments in ]<ref name="RTR"/>


==Personal life== ==Personal life==
⚫ Zage has been a co-opted member of the Investment Committee of the ] and is the chair of the board of the foundation of the ].<ref>{{cite report|title=Passion Forward: National University of Singapore Annual Report 2019|publisher=]|date=2019|url=http://www.nus.edu.sg/docs/default-source/annual-report/nus-annualreport-2019.pdf|page=24|accessdate=November 19, 2019}}<br>- {{cite web|title=SAS Foundation Board Members|publisher=Singapore American School|url=https://www.sas.edu.sg/give/boardmembers|accessdate=November 19, 2019}}</ref> He has also been active in ],<ref name="RTR">{{cite book|first=John|last=Wood|title=Creating Room to Read: A Story of Hope in the Battle for Global Literacy|publisher=]|year=2013}}</ref><ref>{{cite news|title=The changing face of Creekside|first=Branden|last=Depuis|url=https://www.piquenewsmagazine.com/whistler/the-changing-face-of-creekside/Content?oid=6804779|date=February 7, 2018|accessdate=November 13, 2019|newspaper=]}}</ref> and is active in numerous other philanthropic activities.

⚫ Zage has served as a co-opted member of the Investment Committee of the ], and serves as the chair of the board of the foundation of the ].<ref>{{cite report|title=Passion Forward: National University of Singapore Annual Report 2019|publisher=]|date=2019|url=http://www.nus.edu.sg/docs/default-source/annual-report/nus-annualreport-2019.pdf|page=24|accessdate=November 19, 2019}}</ref><ref>{{cite web|title=SAS Foundation Board Members|publisher=]|url=https://www.sas.edu.sg/give/boardmembers|accessdate=November 19, 2019}}</ref> He has also been active in ] ,<ref name="RTR">{{cite book|first=John|last=Wood|title=Creating Room to Read: A Story of Hope in the Battle for Global Literacy|publisher=]|year=2013}}</ref><ref>{{cite news|title=The changing face of Creekside|first=Branden|last=Depuis|url=https://www.piquenewsmagazine.com/whistler/the-changing-face-of-creekside/Content?oid=6804779|date=February 7, 2018|accessdate=November 13, 2019|newspaper=]}}</ref>, and is active in numerous other philanthropic activities.


==References== ==References==
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Latest revision as of 22:26, 19 December 2024

Singapore-based businessman from Schaumburg, Illinois

George Raymond Zage, III (born January 20, 1970) is a Singapore-based businessman and former hedge fund manager from Schaumburg, Illinois, USA.

Career

After 8-years at Goldman Sachs, Zage rose to prominence at Farallon Capital Management, where he founded the hedge fund's Asian business.

At Farallon, Zage spearheaded large private investments in Asian corporates in a way that differed from Farallon's historical investment approach. These investments included the purchase of a controlling stake in Bank Central Asia after the Asian Financial Crisis, an investment in Aston Resources, which eventually listed and merged with Whitehaven Coal and Go-Jek, where he is on the board.

These investments required Farallon to establish new, closed-end investment vehicles, including Farallon Asian Special Situations I, II and III, a marked departure from the liquid hedge fund that Farallon had traditionally managed.

After leaving Farallon to found Tiga Investments, Zage was involved in a restructuring of Lippo Karawaci, where he joined the board.

In 2020, Zage was a lead investor in the over $600 million acquisition of Grindr from Beijing Kunlun Tech Co. This transaction was a result of the decision by CFIUS to compel the owner of Grindr, a Shenzhen-listed Chinese company, to sell the company to US interests.

Zage is an independent director of Toshiba, and has also made personal investments in Whistler, BC.

Personal life

Zage has been a co-opted member of the Investment Committee of the National University of Singapore and is the chair of the board of the foundation of the Singapore American School. He has also been active in Room to Read, and is active in numerous other philanthropic activities.

References

  1. "Directors and Executives". Toshiba. Retrieved November 13, 2019.
  2. Silvinski, Krystyna (January 14, 2001). "Dentist George Zage Jr. of Schaumburg". Chicago Tribune. Retrieved August 9, 2020.
  3. Thompson, Sarah; Macdonald, Anthony (April 28, 2019). "Tribeca recruits ex-Farallon Capital manager for Asia credit". The Australian Financial Review. Retrieved November 13, 2019.
    - Thompson, Sarah; Macdonald, Anthony; Boyd, Tim (November 11, 2019). "Farallon escrow puts target on Whitehaven Coal stake". The Australian Financial Review. Retrieved November 13, 2019.
  4. Mallaby, Sebastian (2010). More Money than God. A & C Black. p. 277.
    - Manning, Paddy (2013). Boganaire. Black Inc.
    - Sender, Henny (April 24, 2019). "Go-Jek and Grab's competing visions play out". The Financial Times. Retrieved November 13, 2019.
  5. "Farallon closes special situations fund focused on Asia And Latin America at USD1.12bn". Hedgeweek. November 7, 2016. Retrieved November 13, 2019.
  6. Kot, Jan (March 13, 2019). "Riady Family Leads $1B Rights Issue for Lippo Development Unit after Bribery Scandal". Mingtiandi. Retrieved November 13, 2019.
  7. Stech Ferek, Katy (May 29, 2020). "U.S. Approves Sale of Dating App Whose Owners Were Probed by National Security Officials". Wall Street Journal. Retrieved August 8, 2020.
    - Hale, Kori (March 26, 2020). "Grindr's Chinese Owner Sells Gay Dating App Over U.S. Privacy Concerns For $600 Million". Forbes. Retrieved August 8, 2020.
  8. Bauerle Danzman, Sarah; Gertz, Geoffrey (April 3, 2019). "Why is the U.S. forcing a Chinese company to sell the gay dating app Grindr?". The Washington Post. Retrieved August 8, 2020.
  9. "Lippo Karawaci secures US$1b in funding, names new CEO and CFO". Straits Times. March 12, 2019. Retrieved November 13, 2019.
  10. ^ Wood, John (2013). Creating Room to Read: A Story of Hope in the Battle for Global Literacy. Penguin.
  11. Passion Forward: National University of Singapore Annual Report 2019 (PDF) (Report). National University of Singapore. 2019. p. 24. Retrieved November 19, 2019.
    - "SAS Foundation Board Members". Singapore American School. Retrieved November 19, 2019.
  12. Depuis, Branden (February 7, 2018). "The changing face of Creekside". Pique Newsmagazine. Retrieved November 13, 2019.
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