Granite Asia has announced the appointment of three new managing partners, enhancing its leadership in equity and private credit. The appointments, effective from 1 September 2025, include Ming Eng, who will lead the firm’s private credit strategy from Singapore. Eng’s leadership comes as Granite Asia launches its private credit strategy through the Libra Hybrid Capital Fund, securing $250m in commitments from Asian sovereign wealth funds and institutional investors.
Ming Eng, previously a managing partner at Orion Capital Asia, brings extensive experience from senior roles at Macquarie Bank, VTB Capital, and Goldman Sachs. Jenny Lee, senior managing partner at Granite Asia, praised Eng’s “sharp investment judgement and operating rigour,” noting her pivotal role in securing the fund’s anchor commitments.
In the equity sector, Haojun Li and Joshua Wu have been appointed as managing partners. Li will focus on consumer technology and AI applications, having led investments in companies like Rednote and Hellobike. His background includes a tenure as investment director at Vertex China and product management at Tencent.
Joshua Wu will concentrate on enterprise services, AI applications, and digital health. Wu has been instrumental in investments in firms such as WPS and Boss Zhipin. His career began at Alibaba and Tencent, followed by a role as an equity analyst at Jefferies.
Jixun Foo, senior managing partner at Granite Asia, highlighted the duo’s “operator-investor mindset,” emphasising their deep networks and sector instincts. These appointments reflect Granite Asia’s commitment to scaling high-impact companies across the Asia-Pacific region. With assets under management totalling $5b, the firm continues to prioritise long-term themes such as consumer growth and health innovation.
“`
