AVCJ Private Equity Forum 2025
Asia's premier private equity event for the last 38 years
The current state of play of ESG
- What are the key ESG trends and themes that are top-of-mind for GPs and their portfolio companies?
- What progress has been made in terms of integration of ESG frameworks into the investment process? Has implementation increased?
- Are there growing expectations for standardized regulatory and reporting frameworks in Asia?
- What steps can GPs take to manage transparency and accountability risks?
Speakers
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Speakers
ESG Summit Sponsors
LGT Capital Patners
https://www.lgtcp.comLGT Capital Partners is a leading alternative investment specialist with over USD 80 billion in assets under management and more than 600 institutional clients in 43 countries. An international team of over 650 professionals is responsible for managing a wide range of investment programs focusing on private markets, liquid alternatives and multi-asset class solutions. Headquartered in Pfaeffikon (SZ), Switzerland, the firm has offices in New York, San Francisco, Raleigh, Dublin, London, Paris, Vaduz, Frankfurt am Main, Luxembourg, Dubai, Beijing, Hong Kong, Tokyo and Sydney.
Morrison Foerster
https://www.mofo.comWith over 1,000 lawyers across 17 offices, Morrison Foerster is a global law firm that has been active in Asia for over 40 years, with 50+ dedicated Private Equity/Mergers & Acquisitions (PE/M&A) lawyers in Asia.
Ranked as a Band 1 law firm for Asia Pacific: Corporate/M&A: Private Equity by Chambers Asia-Pacific 2024, and a Tier 1 law firm for China: Private Equity by The Legal 500 Asia Pacific 2024, we have handled over 200 PE/M&A deals in Asia with an aggregate asset value of over US$265 billion in the past five years. Additionally, we have over 20 years of unrivaled experience in Environmental, Social, and Governance (ESG) standards, helping clients with sustainable investment strategies to reflect their impact goals and increase profitability.
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Navis Capital Partners
https://www.naviscapital.comNavis Capital Partners (“Navis”) was founded in 1998. It has over two decades of experience in partnering and growing distinctive companies in Southeast Asia. Navis has made over 90 control growth buyout investments and over 80 follow-on investments. Our 25 years of investing experience, focused on transforming and growing middle market businesses with a distinctive competitive advantage, has delivered top quartile returns.
Navis manages several private and public equity capital commitments totalling over ~USD 5 billion, and whose investors include a number of well-known US, European, Middle Eastern and Asian institutional investors and family offices.
Navis operates 6 offices across the region and has over 100 professionals comprising of 15+ nationalities. This strength in numbers and longevity in the region results in all of Navis’ companies to be leaders or near leaders in their fields. Industries/segments in which Navis has invested include healthcare, education, food processing, F&B, industrial products amongst others.
The firm contributes both capital and management expertise to its portfolio companies with the objective of directing strategic, operational and financial improvements, typically through initiatives that drive growth, margin improvement and asset efficiency. 80% of Navis’ realised returns have been driven by revenue and EBITDA growth.
Navis’ investment model places a low reliance on leverage to drive its equity returns.
Navis has launched its Navis Asia Credit platform to leverage on the firm’s extensive and deep sourcing capabilities in the region, and will seek to provide liquidity solutions to high quality middle market family owned businesses.
Starquest Capital
http://www.starquestcap.com/enFounded in 2017, Starquest Capital is one of the largest RMB private equity funds in China, which is managed by several highly experienced entrepreneurs and investors with over 20+ years investment, deal making experience. Starquest Capital focuses on New Economy through direct investment and FOF investment with initial AUM of around RMB 30 billion.
Focusing on opportunities in Healthcare, Digital Consumer, Intelligent Manufacturing and Technology in the new economy, Starquest Capital is on the lookout for future unicorns and for private equity investment opportunities across the entire value chain. Starquest deploys capital through reputable GPs and leading firms in various industries. With a purpose to create value for every stakeholder in the private equity industry, Starquest operates an investment process informed by its proprietary system of big data analytics and artificial intelligence and is supported by a localized professional team with global experience in direct investment and fund of funds management.
Starquest highly values green investing and sustainability principles. It was the first RMB FoF/PE investor to have joined the UNPRI and to become a signatory of the Green Investment Principles (GIP) for the Belt and Road, initiated by the China Green Finance Committee. Starquest is committed to long-term and sustainable development of the Chinese private equity industry.
Turbo Net Zero
http://www.turbonetzero.comTurbo Net Zero is a pure-play sustainability advisory firm dedicated to supporting private markets GPs, LPs, and portfolio companies in building resilient, high-performing, and future-ready businesses. Named the Best ESG Advisor in Private Equity at the 2024 Drawdown Awards, we are proud to be one of the leading sustainability firms in the Asia-Pacific region, with deep expertise in aligning sustainability with investment strategy and long-term value creation.
Our services span three interconnected areas: advising GPs on sustainability strategy and execution, working with portfolio companies on transformation and value creation, and supporting high-impact businesses in accessing aligned capital. We often serve as the extended sustainability office for GPs and LPs, and as the external ESG office for portfolio companies—ensuring alignment, execution, and impact across the investment lifecycle.
Over the years, we have helped GPs craft actionable sustainability strategies, strengthen pre-investment due diligence, engage more effectively with LPs, and monitor performance across portfolios. For LPs, we provide support in evaluating GP practices, integrating sustainability into allocation decisions, and navigating evolving disclosure expectations. With portfolio companies, we serve as hands-on partners—supporting strategy development, decarbonization planning, and sustainability execution in ways that drive long-term operational and financial value.
What sets us apart is our singular focus on the private markets. Our team brings a blend of institutional investment, consulting, and operating experience, allowing us to bridge strategy and implementation, and work effectively with both investors and operators.
At Turbo Net Zero, we believe sustainability is not a parallel track—it’s central to risk-adjusted returns, value creation, and long-term differentiation. We’re here to help the investment community lead with clarity, credibility, and impact.
Contact: Info@turbonetzero.com
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EXPERIENCE
James Tam joined Bain Capital in 2019. He is a Managing Director on the Asia Pacific Private Equity team, focusing on Greater China.
Prior to joining Bain Capital, James was the Head of Asia Pacific Mergers & Acquisitions at Morgan Stanley in Hong Kong.
EDUCATION
James received a MA in international relations and BA in economics from the University of Chicago.
Mr. Octoman is a Senior Partner at Navis and an Investment Committee member of the Navis Asia Private Equity and Credit Funds.
Mr. Octoman joined Navis in 2000. His primary responsibility is to manage the Navis Asia Credit Fund, as a senior member of the team, and to ensure that synergies with Navis’ Private Equity platform are optimized. He also oversees the ESG Portfolio Operations team and drives the strategic focus of ESG at Navis. He has extensive private equity investment experience across multiple Navis funds investing in the ASEAN region and was previously the Chief Operating Officer of Navis, overseeing the Navis Private Equity Funds’ Investment Committee decision-making process, the Portfolio Operations group, human capital, and Navis’ strategic banking relationships.
Prior to joining Navis, Mr. Octoman worked with Price Waterhouse Coopers with a focus on capital market transactions and financial due diligence in emerging markets. Mr. Octoman also worked for KPMG in Australia and Canada in Business Advisory services.
A lifetime resident of Australasia, having been raised and educated in Australia. He holds a Bachelor of Arts degree in Accountancy from the University of South Australia and is an Australian qualified Chartered Accountant. He is a former member of the UNPRI PEAC committee.
Frankie Fang is a founding managing partner of Starquest Capital, a private equity firm in China that focuses on Technology, Consumer and Healthcare. Mr. Fang lead the firm’s FoF investment as well as ESG implementation,through which Starquest Capital became the first RMB FoF in China that joined United Nations-supported Principles for Responsible Investment (UNPRI) in 2018 and the first Asian firm that won the UNPRI Awards 2019 “Emerging Markets Initiative of the Year.” In 2025, Mr. Fang was appointed as a Listing Committee member of the Stock Exchange of Hong Kong Limited (the Exchange) and became the first member from the FoF industry, pioneering a new path for the industry.
Prior to founding Starquest Capital in 2017, Mr. Fang served as head of LGT Capital Partners in China for 12 years. LGT is privately owned by the Princely Family of Liechtenstein with over USD 100 billion in assets under management. During his career, Mr. Fang has invested over $3 billion in the Chinese private equity market and led investments in a number of PE/VC funds by CITIC Capital, Hongshan, Legend Capital, Primavera Capital, Source Code Capital and Gaorong Ventures, etc. Mr. Fang also serves on advisory committees of over 20 funds in China.
Mr. Fang has been actively involved in public service. In education field, Mr. Fang is a career mentor for Master of Finance Program at Tsinghua University School of Economics and Management, an industry advisor at China Europe International Business School (CEIBS) Entrepreneur Camp, a founder and donor of Shanghai Jiao Tong University Zheng Yang Scholarship as well as INSEAD Frankie Fang Scholarship. In social service field, Mr. Fang is a FoF committee member at Asset Management Association of China, a judge in venture capital field for Forbes China 2020 "30 Under 30", a council member of Future Forum Youth Council, which established the Future Science Prize hailed as the Chinese Nobel Prize, and a donor of Teach in China, which is an educational non-profit project.
Mr. Fang received a BA in Finance and Accounting from Antai College of Economics and Management, Shanghai Jiao Tong University in 2000, a MBA from INSEAD Business School in 2006, and an EMBA from Tsinghua University People’s Bank of China School of Finance in 2018. Mr. Fang holds a Chinese CPA qualification. Mr. Fang’s native language is Mandarin Chinese and he is fluent in English, French and Cantonese and conversational proficient in Japanese.
Kenny Chen is the Co-founder and Managing Partner of Turbo Net Zero, a pure-play sustainability consultancy dedicated to advancing sustainability integration and unlocking value for investors and businesses. He has a proven track record of guiding leading private equity firms and corporates through complex sustainability challenges, embedding sustainability principles into the investment lifecycle, portfolio operations, and corporate frameworks.
Under Kenny’s leadership, Turbo Net Zero has become the partner of choice for global investors and corporates, delivering practical and measurable solutions aligned with long-term strategic goals. The firm has been recognized as the Best ESG Advisor in Private Equity by the Drawdown Awards, underscoring its industry leadership and impact. Kenny is also the host of the Turbo Impact Podcast, the most widely followed sustainability podcast in private markets, where he engages top investors, institutional allocators, and entrepreneurs in exploring how sustainability shapes investment and corporate strategy. He has also been featured at leading industry forums, including the Mergermarket Influencers Fireside Chat, where he shared insights on how sustainability is reshaping private capital strategy.
Before founding Turbo Net Zero, Kenny built and scaled a leading sustainability insights company, which was successfully acquired by a NYSE-listed data and analytics firm. He holds a Bachelor of Arts in Economics from the University of California, Los Angeles, and professional designations including the Chartered Financial Analyst (CFA), Chartered Alternative Investment Analyst (CAIA), the Fundamentals of Sustainability Accounting (FSA) credential under the IFRS Foundation, and a Carbon Trader certificate.
EXPERIENCE
James Tam joined Bain Capital in 2019. He is a Managing Director on the Asia Pacific Private Equity team, focusing on Greater China.
Prior to joining Bain Capital, James was the Head of Asia Pacific Mergers & Acquisitions at Morgan Stanley in Hong Kong.
EDUCATION
James received a MA in international relations and BA in economics from the University of Chicago.
Mr. Octoman is a Senior Partner at Navis and an Investment Committee member of the Navis Asia Private Equity and Credit Funds.
Mr. Octoman joined Navis in 2000. His primary responsibility is to manage the Navis Asia Credit Fund, as a senior member of the team, and to ensure that synergies with Navis’ Private Equity platform are optimized. He also oversees the ESG Portfolio Operations team and drives the strategic focus of ESG at Navis. He has extensive private equity investment experience across multiple Navis funds investing in the ASEAN region and was previously the Chief Operating Officer of Navis, overseeing the Navis Private Equity Funds’ Investment Committee decision-making process, the Portfolio Operations group, human capital, and Navis’ strategic banking relationships.
Prior to joining Navis, Mr. Octoman worked with Price Waterhouse Coopers with a focus on capital market transactions and financial due diligence in emerging markets. Mr. Octoman also worked for KPMG in Australia and Canada in Business Advisory services.
A lifetime resident of Australasia, having been raised and educated in Australia. He holds a Bachelor of Arts degree in Accountancy from the University of South Australia and is an Australian qualified Chartered Accountant. He is a former member of the UNPRI PEAC committee.
Frankie Fang is a founding managing partner of Starquest Capital, a private equity firm in China that focuses on Technology, Consumer and Healthcare. Mr. Fang lead the firm’s FoF investment as well as ESG implementation,through which Starquest Capital became the first RMB FoF in China that joined United Nations-supported Principles for Responsible Investment (UNPRI) in 2018 and the first Asian firm that won the UNPRI Awards 2019 “Emerging Markets Initiative of the Year.” In 2025, Mr. Fang was appointed as a Listing Committee member of the Stock Exchange of Hong Kong Limited (the Exchange) and became the first member from the FoF industry, pioneering a new path for the industry.
Prior to founding Starquest Capital in 2017, Mr. Fang served as head of LGT Capital Partners in China for 12 years. LGT is privately owned by the Princely Family of Liechtenstein with over USD 100 billion in assets under management. During his career, Mr. Fang has invested over $3 billion in the Chinese private equity market and led investments in a number of PE/VC funds by CITIC Capital, Hongshan, Legend Capital, Primavera Capital, Source Code Capital and Gaorong Ventures, etc. Mr. Fang also serves on advisory committees of over 20 funds in China.
Mr. Fang has been actively involved in public service. In education field, Mr. Fang is a career mentor for Master of Finance Program at Tsinghua University School of Economics and Management, an industry advisor at China Europe International Business School (CEIBS) Entrepreneur Camp, a founder and donor of Shanghai Jiao Tong University Zheng Yang Scholarship as well as INSEAD Frankie Fang Scholarship. In social service field, Mr. Fang is a FoF committee member at Asset Management Association of China, a judge in venture capital field for Forbes China 2020 "30 Under 30", a council member of Future Forum Youth Council, which established the Future Science Prize hailed as the Chinese Nobel Prize, and a donor of Teach in China, which is an educational non-profit project.
Mr. Fang received a BA in Finance and Accounting from Antai College of Economics and Management, Shanghai Jiao Tong University in 2000, a MBA from INSEAD Business School in 2006, and an EMBA from Tsinghua University People’s Bank of China School of Finance in 2018. Mr. Fang holds a Chinese CPA qualification. Mr. Fang’s native language is Mandarin Chinese and he is fluent in English, French and Cantonese and conversational proficient in Japanese.
Kenny Chen is the Co-founder and Managing Partner of Turbo Net Zero, a pure-play sustainability consultancy dedicated to advancing sustainability integration and unlocking value for investors and businesses. He has a proven track record of guiding leading private equity firms and corporates through complex sustainability challenges, embedding sustainability principles into the investment lifecycle, portfolio operations, and corporate frameworks.
Under Kenny’s leadership, Turbo Net Zero has become the partner of choice for global investors and corporates, delivering practical and measurable solutions aligned with long-term strategic goals. The firm has been recognized as the Best ESG Advisor in Private Equity by the Drawdown Awards, underscoring its industry leadership and impact. Kenny is also the host of the Turbo Impact Podcast, the most widely followed sustainability podcast in private markets, where he engages top investors, institutional allocators, and entrepreneurs in exploring how sustainability shapes investment and corporate strategy. He has also been featured at leading industry forums, including the Mergermarket Influencers Fireside Chat, where he shared insights on how sustainability is reshaping private capital strategy.
Before founding Turbo Net Zero, Kenny built and scaled a leading sustainability insights company, which was successfully acquired by a NYSE-listed data and analytics firm. He holds a Bachelor of Arts in Economics from the University of California, Los Angeles, and professional designations including the Chartered Financial Analyst (CFA), Chartered Alternative Investment Analyst (CAIA), the Fundamentals of Sustainability Accounting (FSA) credential under the IFRS Foundation, and a Carbon Trader certificate.