Fund info: Myo Capital

I’ve previously posted on these guys in relation to ADM, but here is an update.

General

Myo Capital was founded in 2007 by ex-ADM Justin Ferrier. They started out with USD50mm from an institutional seed investor and aimed to scale up to USD500mm. Unfortunately they may have been a bit early, and from the looks of the website, they might be dead already. Prime broker was Merrill, and ML Asia was selling a lot of crappy paper, so if these guys were enticed into buying any of that stuff… Very little information on these guys. With USD50mm, you would be buying pieces of debt with no hope of control of a company. USD1mm -USD5mm size, and you would think very carefully about putting USD5mm in one deal. They were still alive as of October 2008, so maybe they didn’t invest in anything since they began.

Update: They got funded by Man Group, according to Bloomberg.

Focused on distressed debt, special sits and event driven.

Deals

?????

People

Justin Ferrier
Myo Capital
Justin has 18 years experience in investment management, corporate finance and management consulting, including 8 years with ADM Capital where he was a director and member of the investment committee; 8 years in corporate finance advisory with the S.G. Warburg group in Australia and Indonesia, and Peregrine Capital in Hong Kong; and 2 years with Andersen Consulting as a management consultant. Justin has an MBA from Monash University, a graduate diploma in Applied Finance and Investment from the Securities Institute of Australia and a BSc from the University of South Australia. He is also an associate CPA (Australia) and a fellow of the Financial Services Institute of Australia.

Geoff Lee
Prior to setting up Myo Capital in 2007, Geoff was a Director and Head of Asian Investments at HSBC Alternative Proprietary Investments Limited in HK, whose mandate is to invest in the alternative assets space globally. He was responsible for managing the Asian investment team and portfolio, and developing and implementing the fund’s Asian investment strategy. From 2004 to 2006, Geoff was a Director at CLSA Capital Partners’ Mezzanine Fund in HK with primary responsibility for North Asia. Geoff has 8 years experience in corporate finance with HSBC Investment Bank and with Peregrine Capital in HK where he worked on a wide range of M&A and international capital raising assignments across the Asia-Pacific region.

Julius Jurianto

Seems to have quit to join Rajasa and Partners law firm in Indonesia.

Of Counsel

We are now retaining Julius Jurianto as our of counsel. When necessary, Julius will assist us in rendering services in the areas of banking, finance, merger and acquisition, and investment.

Julius previously worked with a British private equity firm as part of a small team covering investment portfolio in South East Asia. He was mainly responsible for the workouts and recoveries of troubled investments and provided valuation recommendations and transaction supports for divestments of the portfolio. He started his career with KPMG and subsequently practiced law for several years in Jakarta, during which time he was mostly involved in project finance, privatization, debt restructuring, and litigious proceedings at the bankruptcy court.

Julius read law at the University of Indonesia and Louisiana State University, Baton Rouge, and he also obtained a degree in accountancy from Atma Jaya University and a master degree from Durham Business School in the UK. He is admitted to practice law in Indonesia, a member of the Indonesian Bar Association, and also holds the Chartered Financial Analyst designation.

Entities

Myo Capital Fund Limited