Hong Kong PE stalwart John Levackdies aged 64
Friday, March 03, 2023
(AVCJ by Tim Burroughs) – John Levack, who spent over two decades with Electra Partners Asia andwas a long-serving board member at the Hong Kong Venture Capital &Private Equity Association (HKVCA), has died aged 64.
Levack returned to his native England in 2021, having spent nearly half his life in Asia. He diedpeacefully at the end of January, surrounded by his family, the HKVCA said in a statement.The association plans to hold a memorial ceremony on April 13.
Recruited by 3i Group in 1982, Levack started out in the UK before establishing and runningan office in the Channel Islands. In 1990, he relocated to India and was placed in charge of ajoint venture between 3i and Grindlays Bank. This was one of the first private equityoperations in the country.
Levack joined Electra in 1994 to pursue a pan-regional growth capital strategy. The firm’sultimate shareholder was London-listed investment trust Electra Private Equity. The nature of the capital pool allowed for holds of long duration. Electra waited 18 years before exiting India’s Zensar Technologies.
