Gabriel Ho, one of four partners at Southeast Asia-focused Dymon Asia Private Equity (DAPE), is leaving to pursue new opportunities, ending a 12-year tenure that began at the firm’s inception.

Ho will depart next week, according to a source close to the situation. DAPE declined to comment. Ho did not respond to a request for comment.

The change comes nearly 18 months after DAPE closed its third middle market fund at the hard cap of USD 650m after approximately five months in the market. Ho – who joined the firm in 2012 from Baring Private Equity Asia (now EQT Asia Private Capital) – was promoted to partner as part of a build-out of the senior team ahead of the fund launch.

DAPE continues to be led by its three managing partners, Keith Tan, Gerald Chiu, and Chow Yin Tan. It is headquartered in Singapore and has bases in Kuala Lumpur and Bangkok.

The firm typically writes equity cheques of USD 15m to USD 50m for profitable companies with revenues of USD 20m to USD 500m. It follows three key investment themes: shifting consumer behaviour, the expansion of manufacturing and engineering in Southeast Asia, and technology adoption by traditional businesses.

There are also three standard deal types: carve-outs and management buyouts, pre-IPO growth investments, and privatisations. Recent activity includes take-privates of hotel operator Amara Holdings and shipyard services provider Penguin International. It also sold waste disposal business Asia Medical Enviro Services (AMES) and precision engineering specialist Fong’s Engineering.