AND Capital Ventures names David D. Chung head of capital formation

By AI, Created 10:08 AM UTC, May 20, 2026, /AGP/ – AND Capital Ventures appointed former SK Group managing director David D. Chung as head of capital formation as the firm prepares to bring multiple fund strategies to market in the coming quarters. The hire is meant to strengthen investor relations and institutional fundraising across North America, Europe, MENA, Central Asia and Asia-Pacific.

Why it matters: - AND Capital Ventures is moving from platform-building to capital raising, and the Chung hire is aimed at making the firm ready for institutional investors. - The role is central to how AND plans to raise money for its core sectors: healthcare innovation, real assets and energy transition. - Chung’s network across Asian, European and U.S. allocator communities gives AND a direct path to family offices, sovereign wealth funds, endowments, pension funds and other capital sources.

What happened: - AND Capital Ventures appointed David D. Chung as head of capital formation. - Chung is a former senior investment executive at SK Group and a global capital formation leader. - The company made the announcement on May 7, 2026. - Chung will be responsible for the firm’s capital formation strategy as AND prepares to bring fund strategies to market in the coming quarters.

The details: - Chung will architect AND Capital Ventures’ institutional capital base and lead LP relationships. - Chung will also build the investor relations infrastructure supporting the firm’s next phase of growth. - The role covers LP strategy, institutional outreach, investor diligence, capital raising processes and strategic capital partnerships. - The remit spans investors in North America, Europe, MENA, Central Asia and Asia-Pacific. - Chung joins from Summit Crest Capital Advisors, a Hong Kong-based boutique advisory firm he founded. - Summit Crest advised institutional asset managers and private clients on fund formation, capital raising and cross-border strategic investments. - In April 2024, Private Equity International profiled Chung for bridging North American GPs with Asian LP communities. - Before Summit Crest, Chung was managing director for SK Group’s SUPEX Council across Hong Kong and Beijing. - At SK Group, Chung led the Greater China desk with more than $8 billion in assets under management. - Chung’s desk sat within SUPEX’s regional investment platform spanning Korea, Greater China and Southeast Asia. - Chung served as the sole independent board member for SK SI (HK) and SL Capital (Cayman). - Chung began his career as a senior risk management officer at Samsung Corporation, where he advised on trading risk and multi-party transaction structuring. - He later served as vice president for Asia Pacific at Cybex International, where he led APAC commercial expansion and delivered more than 20% organic year-over-year growth. - Chung earned multiple Top International Sales Management Awards between 2008 and 2014. - Chung holds a Juris Doctor from Villanova University Charles Widger School of Law, a B.A. in English and Philosophy from Gordon College, and advanced financial management training from New York University and the American Management Association. - Chung is a licensed attorney in New Jersey and a member of the New Jersey State Bar Association. - AND Capital Ventures says the firm is an AI-native, operator-led investment and growth capital platform focused on disciplined capital deployment and repeatable value creation. - The firm operates with team members in Calgary, Austin, New York, Boston and London. - More information is available on AND Capital Ventures’ website. - The company also listed its LinkedIn page at AND Capital Ventures on LinkedIn.

Between the lines: - Chung’s background combines institutional investing, cross-border fundraising and operating experience, which fits AND’s pitch to sophisticated allocators. - The company is signaling that investor trust, market credibility and data-room readiness matter as much as fundraising itself. - Chung’s comments point to a thesis that operator-led execution and capital discipline can coexist, especially as AI lowers some of the friction between operating teams and investment teams. - The hire also suggests AND wants to present itself as a platform for “caring capital” with disciplined return expectations, not just another fundraise story.

What’s next: - AND Capital Ventures plans to bring multiple fund strategies and an active deal pipeline to market in the coming quarters. - Chung will help build the investor relations and capital formation machinery needed to engage sophisticated investors at scale. - The firm’s next test will be converting its platform narrative into institutional commitments.

The bottom line: - AND Capital Ventures is staffing up for a broader institutional push, and Chung is the key hire intended to turn strategy into capital.