23
Sep
The LP view – the new China strategy
The last few years have been difficult for Chinese private equity fundraisers with limited USD funds being raised. RMB vehicles, backed by government institutions, have filled some of the void. However, both types of LPs continue to take their own selective approach to their allocations with GPs that have proven track records being able to capture the lion’s share of new capital coming into the market. What does it take to successfully raised a China-focused fund nowadays? Our diversified panel of investors will take stock of the current situation and discuss their strategies for the market.
- When will global LPs return to Chinese private equity?
- Can domestic investors continue to play a bigger role in the future?
- Will the new semi-liquid products to appeal to China’s mass affluent?
- How are GPs evolving their strategies for future funds? What do LPs expect?
-
SpeakersLi (Leigh) Yang Partner Han Kun Law Offices
Yarong La Partner Oriza FOFs
Eric Lai Managing Director, Private Equity Asia Manulife Investment Management
Chang Liu Executive Director LGT Capital Partners
Li Yao Chief Investment Officer, East Asia and Pacific Department IFC
Confirm cancellation
Something went wrong.
An error occurred trying to play the stream. Please reload the page and try again.
CloseSign-up to join the ION Analytics Community to:
- Register for events
- Access market insights
- Download reports
Leigh joined Han Kun Law Offices in 2012 and is a partner in the firm's Investment Fund Team. Based in Shanghai, Leigh frequently travels to the Greater Bay Area and Singapore to manage client relationships in those regions. She focuses her practice on investment fund formation and operation, asset management, and foreign direct investment, with a particular emphasis on private equity and venture capital. Leigh possesses extensive expertise in RMB and US dollar fund formation, as well as significant experience in cross-border investment matters, including QFLP, QDLP/QDIE, QFII, and QDII.
Educational background
Sun Yat-sen University, LL.B.
Columbia Law School, LL.M. (with honors)
Seoul National University, LL.M.
INSEAD, Global Executive MBA (Class of 2025)
Ms. YARONG LA has 19 years of experience in finance and a 3-year entrepreneurial background. Since joining ORIZA FOFs in 2021, she has been primarily responsible for external partnerships, fundraising, investor relations, and public relations.
Ms. LA has led her team in expanding and onboarding institutional investors, including financial institutions and state-owned capital, systematically establishing a professional fundraising framework. She has driven the structural transformation and upgrade of ORIZA FOFs’ LP base, building a top-tier institutional investor network in the market. Innovatively fostering collaborations with various institutional investors, she has spearheaded the design and execution of diverse partnership models— from fund structuring to investment strategy—playing a pivotal role in diversifying ORIZA FOFs’ asset classes and pioneering new cooperation approaches. Additionally, she has refined the LP service system and public relations framework, delivering comprehensive and precise pre- and postinvestment services to LPs.
Ms. LA has been recognized as the Top 10 Most Popular IR Professionals, Top 20 Women in China’s Institutional LP Sector, and Top 20 Influential “Her Power” Figures in the industry. She previously served as a fundraising partner at a leading domestic wealth management firm, where she honed her expertise in fund financing, operations, and management, amassing extensive experience and resources
Mr. Lai is responsible for originating, evaluating, negotiating, and monitoring of private equity investments in Asia. He joined Manulife in 2020. Prior to that, he was a senior member of the private equity group at Full Vision Capital, where he was responsible for private equity investments globally and driving strategic and operational changes at portfolio companies. He also worked in the the private equity group at China Merchants Securities. Mr. Lai hold a bachelor’s degree in Economics from University College London and a Graduate Diploma in Law from BPP Law School.
Chang Liu (Chinese) is an Executive Director at LGT Investment Consulting (Beijing) Ltd., People's Republic of China. As part of the Asia private equity team, he is responsible for origination, due diligence and monitoring of private equity investments in Asia. He also leads the firm’s local business development efforts in mainland China.
Prior to joining the firm in 2019, he was a senior associate at HarbourVest Partners in Beijing, focused on primary investments in the region.
Mr. Liu holds a Bachelor's degree in Mathematics and Economics from Brandeis University. He is fluent in English and Mandarin.
Dr. LI Yao currently is the Chief Investment Officer for East Asia and Pacific Department of IFC, World Bank Group, based in Hong Kong. As the regional Climate Business Anchor and the regional South-South Business Anchor, he focuses on promoting Climate investment, South-South Outbound Investment, and Impact investment in the region. During his professional career before IFC, He took several top managerial roles with China Stated owned large sized financial institutions. Dr. LI also was with DRC of China State Council as the policy researcher on China opening policies in early 1990’s.
Dr. LI holds PhD degree in Economics. His academic interests include the Global Sustainable Growth, the Transition Economics for Developing Countries.