General Atlantic has appointed former Carlyle Group managing director Eric Zhang as head of China to lead the firm’s investments in growth companies across China, says a company announcement.
"Eric’s impressive track record in Asia, deep local expertise, and proven ability to invest in and partner with outstanding companies make him an ideal leader for our local team and long-term efforts in China," says Bill Ford, chief executive officer of General Atlantic, in a statement.
General Atlantic has been investing in China since 2000 and has invested US$1.5 billion in 17 different investments. The firm currently has four offices in Asia located in Beijing, Hong Kong, Singapore, and Mumbai.
"General Atlantic has capitalized on the emergence of innovative entrepreneurs and rapidly scaling companies. I look forward to building and leading the firm’s presence in China for many years to come," says Zhang.
Zhang joins General Atlantic from The Carlyle Group where he worked as global partner and managing director focused on buyout and growth investments across Asia from 2006 to 2016.
At Carlyle, he led numerous private equity transactions, currently on the board of directors of 58.com and has previously served on the boards of China Reading, Soufun, Yashili, Plateno Group, Crystal Orange Hotel Group, Kaiyuan Hotel Group and New Century Asset Management, and AnNeng Logistics Group.
Zhang previously worked in the mergers and acquisitions group at Credit Suisse based in Hong Kong. Prior to that, he worked in the investment banking department at China International Capital Corporate Limited.
Zhang received his master’s degree in economics from Shanghai University of Finance and Economics.