AI Top 50 2018 – 970×90 EN


Hillhouse Capital Partner Jing Hong To Depart And Start Own Fund

Jing Hong (pictured), a partner at Chinese private equity and venture investment firm Hillhouse Capital, has reportedly left the company to start her own fund. This is the latest in a string of investment professionals leaving established firms to set up their own fund to tap into the booming private investment market in China.

Yong Hak Huh Joins General Atlantic as Special Advisor

NEW YORK, July 5, 2017 /PRNewswire/ — General Atlantic, a leading global growth equity firm, announced today that Yong Hak Huh, Founder and CEO of First Bridge Strategy Limited and former Chief Investment Officer of Private Markets and Direct Investment at the Hong Kong Monetary Authority, is joining General Atlantic as a special advisor to support the firm’s initiatives in Asia.

With decades of experience serving in various leadership roles at leading global financial institutions, Mr. Huh will work closely with General Atlantic’s capital partnering team and Asian investment team, leveraging his widespread experience advising global private equity firms and large financial institutions.

General Atlantic’s team of special advisors is comprised of senior executives from around the globe who share deep, company-building expertise and best practices to support the firm in its goal of adding strategic value to growth companies as they seek to become market leaders. Special advisors deliver strategic, practical, and impactful support in the areas of revenue generation, operational excellence, and human capital to enable and sustain growth for the firm’s portfolio companies.

"We are excited to welcome Yong Hak to the firm as we expand our relationships with entrepreneurial companies and leading investors across Asia. As we deepen our presence and build upon two decades of growth investing in the region, we know that Yong Hak will only reinforce our capabilities and experience and deepen our connectivity with family and institutional investors seeking to partner with General Atlantic," said Graves Tompkins, Managing Director and Global Head of Capital Partnering at General Atlantic.

"General Atlantic has built an outstanding reputation as a partner of choice for both Asian growth companies and family and institutional investors. I look forward to working with the entire GA team to help cultivate relationships throughout the region and to provide strategic counsel and support to its portfolio companies," said Mr. Huh.

Prior to joining General Atlantic as a special advisor, Mr. Huh founded First Bridge Strategy Limited in 2015. The company partners with large financial institutions, such as insurance companies, pension funds, and sovereign wealth funds, to help them succeed in building long-lasting robust investment portfolios. Before founding First Bridge, Mr. Huh was the first Chief Investment Officer of Private Markets and Direct Investment at the Hong Kong Monetary Authority, where he pioneered and managed a global alternative asset portfolio comprised of private equity funds, secondary securities, distressed credit, technology venture funds, and real estate.

Mr. Huh began his career at J.P. Morgan, where he held various senior positions over the course of nearly 20 years. Mr. Huh has an M.I.A. from the School of International Affairs at Columbia University in New York and a B.A. in Political Science and Diplomacy from Korea University. He also attended the Executive Program at Stanford University Graduate School of Business.

General Atlantic has been active in Asia since 1999 and has $1.8 billion of capital invested in China and an additional $2 billion invested in India and Asia-Pacific, as of December 31, 2016. The firm has 20 investment professionals in the region, with offices in Beijing, Hong Kong, Mumbai, and Singapore. General Atlantic focuses on investments across five sectors, including Internet & Technology, Financial Services, Business Services, Retail & Consumer, and Healthcare, with support from the firm’s global team of experts. General Atlantic’s recent investments in the region include 58.com, Billdesk, Fang.com, IIFL Wealth & Asset Management, New Century Hotels & Resorts, Ocean Link, PNB Housing Finance, and PT Map Boga Adiperkasa (MBA).

About General Atlantic

General Atlantic is a leading global growth equity firm providing capital and strategic support for growth companies. Established in 1980, General Atlantic combines a collaborative global approach, sector-specific expertise, long-term investment horizon, and a deep understanding of growth drivers to partner with great management and build exceptional businesses worldwide. General Atlantic has more than 100 investment professionals based in New York, Amsterdam, Beijing, Greenwich, Hong Kong, London, Mexico City, Mumbai, Munich, Palo Alto, São Paulo, and Singapore. www.generalatlantic.com

Media Contact

Mike Geller
Edelman for General Atlantic                    
+1-212-729-2163                
[email protected]

Angela Hui
Edelman AP for General Atlantic 
+852 2837 4721
[email protected]  

Eric Zhang Joins General Atlantic as Head of China

BEIJING and NEW YORK, June 6, 2016 /PRNewswire/ — General Atlantic, a leading global growth equity firm, announced today that Eric Zhang, former Global Partner and Managing Director of The Carlyle Group, has joined General Atlantic as Managing Director and Head of China. Mr. Zhang will lead the firm’s investments in growth companies across China.

Logo – http://photos.prnewswire.com/prnh/20150818/259242LOGO

"We are excited to build upon our 16 years of experience partnering with leading entrepreneurs and growth companies in China," said Bill Ford, Chief Executive Officer of General Atlantic. "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."

General Atlantic has been investing in China since 2000 and has invested $1.5 billion in 17 different investments. General Atlantic 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. GA’s unique global capability and unparalleled experience working with growth companies make GA the partner of choice for disruptive companies in China. I look forward to building and leading the firm’s presence in China for many years to come," said Mr. Zhang.

Mr. 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 successful private equity transactions. He is 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 Co. Ltd, and AnNeng Logistics Group.

Previously, Mr. Zhang was a Vice President in the Mergers and Acquisitions group at Credit Suisse based in Hong Kong. Prior to that, he was a Vice President in the Investment Banking department at China International Capital Corporate Limited. Mr. Zhang received his master’s degree in economics from Shanghai University of Finance and Economics.

About General Atlantic

General Atlantic is a leading global growth equity firm providing capital and strategic support for growth companies. Established in 1980, General Atlantic combines a collaborative global approach, sector-specific expertise, long-term investment horizon, and a deep understanding of growth drivers to partner with great management and build exceptional businesses worldwide. General Atlantic has more than 100 investment professionals based in New York, Amsterdam, Beijing, Greenwich, Hong Kong, London, Mexico City, Mumbai, Munich, Palo Alto, Sao Paulo and Singapore.

Media Contact

Jenny Farrelly
General Atlantic
+1-212-715-4080
[email protected]

Elizabeth Xu
Edelman
+86 10 5676 8715
[email protected]

Sequoia, Broadband Team Up With Airbnb For China Expansion

San Francisco-based home-sharing platform Airbnb Inc. has established a partnership with Sequoia China and China Broadband Capital to widen its foothold in China, according to a company announcement. The two China-focused venture capital firms will help find a chief executive officer for Airbnb’s China business and to expand its presence in the country.

Meituan.Com Seeks $1B In Series E Financing Round

Beijing-based Chinese group discount platform Meituan.com is in the process of raising over US$1 billion in its series E financing round with a valuation that could exceed US$15 billion, according to media reports. The fundraising plans are at an early stage, and the final results may still change.

Hillhouse Injects $35M As Cornerstone Investor For Xiabuxiabu IPO

Beijing-based Chinese hotpot restaurant chain Xiabuxiabu Catering Management (China) Holdings Co. Ltd., backed by global growth equity firm General Atlantic, has completed an IPO on the Hong Kong Stock Exchange, raising net proceeds of around HK$1 billion (US$130 million), according to a regulatory filing. The company offered 227.1 million shares at HK$4.70 per share, the middle of its indicative price range of HK$4.4 to HK$5.0. The float is slightly oversubscribed.

General Atlantic-Backed Xiabuxiabu To Raise $140M In HK IPO

Beijing-based Chinese hotpot restaurant chain Xiabuxiabu Catering Management (China) Holdings Co. Ltd., backed by global growth equity firm General Atlantic, has disclosed that it plans to offer 227.1 million shares at HK$4.4 to HK$5 apiece to raise as much as HK$1.1 billion (US$140 million) in an IPO on the Hong Kong Stock Exchange, according to a regulatory filing. The company’s shares are expected to begin trading on December 17 under stock code "520″. Earlier this year, it was reported that …

General Atlantic-Backed Xiabuxiabu Files For HK IPO

Beijing-based Chinese hotpot restaurant chain Xiabuxiabu Catering Management (China) Holdings Co. Ltd., backed by global growth equity firm General Atlantic, has filed with the Hong Kong Stock Exchange for an IPO, according to a regulatory filing. The size or the pricing of the IPO have not been determined. Earlier this year, it was reported that Xiaobuxiabu was planning a US$300 million IPO. In 2012, General Atlantic acquired a majority stake of Xiabuxiabu from emerging markets private equity specialist Actis Capital …

Eric Solberg: China’s Property And Steel Sectors Look Interesting Now

In this episode of China Money Podcast, guest Eric Solberg, founder and CEO of Asia-focused private equity and wealth management firm EXS Capital, talked to our host Nina Xiang. He discussed how he is preparing to invest in China’s property sector in its downturn, and why he thinks there are attractive investment opportunities in the Chinese steel sector.