This article was displayed on the ChosunBiz MoneyMove (MM) site at 3:51 p.m. on Dec. 18, 2025.
Centroid Investment Partners (hereinafter Centroid), a private equity fund (PEF) manager that is selling global golf brand TaylorMade, recently set up a Hong Kong subsidiary. Following the United States, the firm plans to establish a local unit in Hong Kong as well and ramp up overseas investments in earnest.
According to the investment banking (IB) industry on the 18th, Centroid recently established a Hong Kong subsidiary and began procedures to open a local office.
As full-time staff for the Hong Kong unit, Director Han Young-geol and Director General Lee Joo-hyung are highly likely to be dispatched. Han graduated from Beijing Institute of Technology in China and joined Centroid in 2016, mainly handling cross-border deals. Han also led the investment in the bio corporations FugenGlly and the international arbitration over the return of investment funds (won). Lee graduated from Harvard University, worked at HSBC and at IMM Investment Hong Kong, a domestic private equity firm, and joined Centroid early last year.
Centroid is also pursuing a deal related to Hong Kong. Yudo, a plastic injection process corporations that Centroid is seeking to acquire a minority stake in, has its holding company headquarters in Hong Kong.
Previously, Centroid also set up a subsidiary in San Diego, United States, close to TaylorMade's headquarters. The U.S. unit is led by Executive Director Shin Kang-min. In addition to TaylorMade, Concert Golf Partners, which recently sold a minority stake to Blackstone and generated more than double the revenue, was also invested in and managed by the U.S. unit.
Meanwhile, TaylorMade held a main bid last month for the sale of its management control. Old Tom Capital, founded by Evan Roosevelt from the Roosevelt family, reportedly submitted a price exceeding $3 billion (about 4.43 trillion won) and is conducting due diligence. However, other candidates are still conducting due diligence, and Old Tom Capital has not been selected as the preferred negotiating partner.
Centroid is expected to complete the sale of management control of TaylorMade as early as the first half of next year, form a blind fund, and, focusing on its Korea, United States, and Hong Kong units, significantly expand investments in domestic and overseas corporations.