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Lombard Asia
Pote Videt and Chris Womack founded Lombard Asia in 2004 to back growing Southeast Asian consumer and healthcare companies from their Bangkok base.
Lombard Asia
Lombard Asia is a private equity manager focusing on growth investments in mid-sized companies in Southeast Asia. The firm was formed by the former investment professionals comprising the Southeast Asia deal team of Lombard Investments, Inc. and its affiliates across its offices in Bangkok and Ho Chi Minh City. Members of our team worked together on all of the investments in Southeast Asia of the following Lombard Investments’ funds: Thailand Equity Fund, Lombard Asia III L.P., and Lombard Asia IV, L.P. These three funds collectively invested in over 30 portfolio companies in the Asia Pacific region. We are currently making investments out of our latest fund Lombard Asia V, L.P.
General information
Firm type
Private Equity
Year founded
2004
AUM
Undisclosed
Location
Region
Asia
Country
Thailand
City
Bangkok
Corporate office
Bangkok, Thailand
Principals
Pote Videt
Managing Director
Chris Womack
Managing Director
Sector focus
Frequently asked questions
Who runs investment decisions at Lombard Asia?
Pote Videt and Chris Womack serve as Managing Directors and lead the firm's investment committee. Videt joined from Finansa, a Thai merchant bank, while Womack previously co-founded Lombard Investments in the United States, bringing cross-border institutional experience to the partnership. Together they oversee deal origination, due diligence, and portfolio management for all funds.
How does Lombard Asia source proprietary deal flow?
The firm sources investments primarily through the local business networks of its Bangkok-based team, relying on multi-decade relationships with family-owned conglomerates and entrepreneurs in Thailand, Vietnam, and Indonesia. Lombard Asia does not participate in broad auction processes and targets founder-led businesses that value a long-term, operationally engaged minority partner.
Is Lombard Asia's capital deployed as direct equity or through fund commitments?
Lombard Asia invests exclusively through direct equity stakes, taking significant minority positions of typically 20 to 40 percent in portfolio companies. The firm does not act as a fund-of-funds or allocate capital to external managers. Co-investment alongside limited partners is offered on a deal-by-deal basis.
Which sectors does Lombard Asia explicitly avoid?
The firm has historically avoided capital-intensive heavy infrastructure, pure technology startups, and real estate development. Its mandate is concentrated on domestic consumption-linked sectors: branded consumer goods, private healthcare, and specialty financial services. Lombard Asia does not take control positions and avoids turnarounds or distressed situations.
What is Lombard Asia's known posture on co-investments alongside external GPs?
Lombard Asia operates solely as a direct investor. It does not co-invest alongside other private equity firms on a fund basis, though limited partners in its vehicles may occasionally co-invest directly into specific portfolio companies. The firm historically has not syndicated deals with competing general partners in its core markets.
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