FIRM OVERVIEW

HS Group is an independent, institutional investment firm providing long-term capital and strategic guidance to alternative asset management firms. Co-founded in May 2013 and based in Hong Kong, founders Michael Garrow and Johannes Kaps espouse governance principles of integrity, alignment, and fiduciary responsibility and believe investment excellence is sustained through both passionate commitment and rigorous process. The founders both spent formative years at Brown University and Morgan Stanley, followed by senior roles in Asia’s hedge fund industry at Blackstone and Goldman Sachs, respectively.

As of September 30, 2020, HS Group manages and advises approximately $1.4 billion in assets under management and commitment across two private equity structured funds; HS Group Sponsor Fund I (“Fund I”) and HS Group Sponsor Fund II (“Fund II”). The two funds have made investments in portfolio companies across Asia, Europe and the US.

The firm serves a global client base comprising predominantly institutional investors, including endowments and foundations, pension plan sponsors, sovereign wealth funds and other long-term capital allocators. HS Group is licensed by the Securities and Futures Commission of Hong Kong and the U.K. Financial Conduct Authority. HS Group (Hong Kong) Limited is licensed by the Securities and Futures Commission of Hong Kong with CE number BBQ417 for the Regulated Activity of Asset Management, and files as an Exempt Reporting Advisor with the U.S. Securities and Exchange Commission and is licensed as a non-EU AIFM with U.K. Financial Conduct Authority.

History

HS Group was co-founded in May 2013 by Michael Garrow and Johannes Kaps. Prior to founding HS Group, CIO Michael Garrow led Blackstone’s Asian alternative fund program and invested on behalf of Blackstone Strategic Alliance Funds, based in Hong Kong and New York. CEO Johannes Kaps was previously a Managing Director at Goldman Sachs and worked in the Global Securities Services sales team for Asia Pacific in Hong Kong.

The firm focuses on providing long-term strategic seed capital to alternative asset managers, with a focus on Asia. The firm is majority employee owned, and maintains a strategic partnership with TPG Holdings. In September 2014, the firm launched its first Fund, HS Group Sponsor Fund I (“Fund I”). In June 2018, the firm launched HS Group Sponsor Fund II (“Fund II”). As of September 30, 2020, the two Funds have made investments in portfolio companies across Asia, Europe and the US.

Headquartered in Hong Kong, the firm employs 8 professionals, including four partners of the firm who are all invested personally in the firm’s Funds.

Clement Wong

Chief Financial Officer

Clement Wong is the Chief Financial Officer of HS Group (Hong Kong) Limited, the Chairman of the Valuation Committee and a member of the Advisory Services Committee. Mr. Wong is a Certified Public Accountant (US) and is primarily responsible for the accounting, finance, tax, and fund administration of the HS Group Sponsor Funds, HS Group Ltd., and HS Group (Hong Kong) Limited. He has extensive experience in multi-manager product development and launch implementation, legal structure and controls.

Prior to joining HS Group, Mr. Wong spent twelve years as the Chief Financial Officer & Managing Director at Arden Asset Management, an institutional fund of hedge funds asset manager based in New York. In addition to responsibility for the overall accounting, finance, tax and fund administration & reporting at Arden, Mr. Wong chaired the Valuation Committee and was a member of the Product Committee and the Compliance Committee. Previously, Mr. Wong was senior audit manager at Ernst & Young’s Global Hedge Fund Practice in New York. Mr. Wong also has experience working at other CPA firms with a primary focus on hedge funds, funds of hedge funds and private equity funds. Mr. Wong holds a BS in Management and MBA in finance from State University of New York at Buffalo and is a Chartered Global Management Accountant (CGMA). Mr. Wong is fluent in Mandarin, Cantonese and English and resides in Hong Kong.

Anna Klavins

Chief Operating Officer

Anna Klavins is the Chief Operating Officer of HS Group (Hong Kong) Limited, the Chairperson of the Compliance Committee and a member of the Investment and Advisory Services Committees. Ms. Klavins is admitted to the New York Bar and is responsible for the legal, compliance and business operations of HS Group Ltd. and HS Group (Hong Kong) Limited.

Prior to joining HS Group, Ms. Klavins was a Managing Director at UBS, where she was responsible for overseeing the prime brokerage sales effort in Asia Pacific. Previously, she worked at Goldman, Sachs & Co. as a vice-President in the General Counsel’s office, where she served as in-house counsel to the global prime brokerage business (“Global Securities Services”). Ms. Klavins also has experience working at an Asia-focused hedge fund, BlackShip Capital, where she was responsible for investor relations, marketing and other business management functions.

Ms. Klavins started her career as a securities litigator at Cadwalader, Wickersham and Taft, after graduating from DePaul University College of Law. She holds an A.B. in Philosophy and English Literature from Georgetown University. Ms. Klavins resides in Hong Kong.

Johannes Kaps

Chief Executive Officer and Co-Founder

Johannes Kaps is Chief Executive Officer and co-founder of HS Group (Hong Kong) Limited, Chairman of the Advisory Services Committee, a member of the Investment Committee and a co-founder and director of HS Group (Hong Kong) Limited. Mr. Kaps is responsible for managing the business and affairs of HS Group (Hong Kong) Limited within the guidelines established by the board of directors of HS Group Ltd., of which he is a director and voting shareholder. Mr. Kaps is also responsible for the Firm’s Advisory Services, designed to help HS Group’s partnerships plan, build, run and grow institutional hedge fund businesses. Mr. Kaps has 23 years’ experience in finance, primarily based in Asia.

Prior to founding HS Group, Mr. Kaps worked in the Global Securities Services sales team for Asia Pacific at Goldman Sachs based in Hong Kong. Previously, he invested Goldman Sachs’ proprietary capital as part of the Japanese Shares Trading team. Prior to that, Mr. Kaps provided trading and alpha research to hedge funds and institutional clients focused on Japanese equities. Mr. Kaps joined Goldman Sachs in 1999 as an associate and was named Managing Director in 2008. Prior to joining Goldman Sachs, Mr. Kaps worked at Morgan Stanley for two years as an analyst in the investment banking division. He also worked at a private investment banking firm, Gruppo, Levey & Co., for one year as a senior analyst specializing in the consumer, industrial, media, multi-channel retail and marketing services sectors. Mr. Kaps earned a BA in International Relations and German Literature from Brown University in 1996. Mr. Kaps speaks German and Japanese and resides in Hong Kong.

Michael Garrow

Chief Investment Officer and Co-Founder

Michael Garrow is the Chief Investment Officer and co-founder of HS Group (Hong Kong) Limited, Chairman of the Investment Committee, and co-founder and Director of the Investment Manager. Mr. Garrow is primarily responsible for the investment management activities of HS Group (Hong Kong) Limited within the guidelines established by the board of directors of the HS Group Ltd., of which he is a director and voting shareholder. Mr. Garrow has over 19 years’ experience in finance, primarily based in Asia. He has extensive experience in alternative investment fund seeding, direct co-investments, portfolio management and capital markets.

Prior to forming HS Group, Mr. Garrow led Blackstone’s Asian alternative fund program and invested on behalf of Blackstone Strategic Alliance Funds, based in Hong Kong and New York. In addition to sourcing, diligencing and monitoring seed investments, he led Blackstone’s global emerging manager program and had primary responsibility for sourcing co-investment opportunities in Asia. Previously, Mr. Garrow advised internal macro, multi-strategy and equity hedge funds for the incubation program at SAIL Advisors, a large Hong Kong-based family office, as a member of its investment team. Mr. Garrow started his career at Morgan Stanley in New York, and moved to its Global Capital Markets team in Hong Kong in 2002 as a member of its Greater China group.

Mr. Garrow graduated magna cum laude from Brown University with an Honors BA in Political Science and East Asian Studies in 2000. He speaks and reads Mandarin fluently and currently resides in Hong Kong.

Portfolio Companies / Investments

As of September 30, 2020, the 10 portfolio companies manage approximately $5.5 billion in assets across 16 strategies.

Pleiad Investment Advisors

Inception Date: Sep 2014
Location: Hong Kong

Strategies:

  1. Pan Asia Equity Long/Short
  2. Pan Asia Equity Long Only
  3. Japan Growth-Stage Private Equity
Zentific Investment Management

Inception Date: Jul 2015
Location: Hong Kong

Strategies:

  1. Asia Systematic Equity Market Neutral
  2. China A Systematic Equity Long Only
Zaaba Capital

Inception Date: Feb 2016
Location: Hong Kong

Strategies:

  1. Pan Asia Equity & Credit Long/Short
  2. Pan Asia Equity & Credit Long Only
One Tusk Investment Partners

Inception Date: Jul 2016
Location, New York, USA

Strategies:

  1. Global Special Situations
  2. Global Credit
Ishana Capital

Inception Date: Sep 2017
Location: Hong Kong

Strategies:

  1. Asia ex-Japan Equity Long/Short
  2. Asia ex-Japan Equity Long Only
Soloda Investment Advisors

Inception Date: Jun 2018
Location: London, UK
Strategy: Global Macro
Yunqi Path Capital

Inception Date: Sep 2018
Location: Hong Kong
Strategy: China Equity Long/Short
Trikon Asset Management

Inception Date: Nov 2018
Location: Hong Kong
Strategy: Pan Asia Equity Long/Short
Panview Capital

Inception Date: Jan 2020
Location: Hong Kong
Strategy: Pan Asia Equity Long/Short
High Ground Investment Mgmt

Inception Date: Oct 2019
Location: London
Strategy: European Equity Long/Short
2

Private Equity Funds with
$1.8bn+ in Committed Capital

10

Portfolio Companies Across
US, Europe and Asia

$5.5bn

Total Assets Under Management
by Portfolio Companies

Contact Us

Suite 3302, Two Exchange Square
8 Connaught Place, Central, Hong Kong

Email: ir@hsgfunds.com

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