22
Sep
Private equity in China: Durable opportunities
Driven by a steady economic rebound, robust technological innovation, and pro-business policy support, foreign investor confidence in China is recovering. While global investors are adopting a "bullish but slow-to-act" approach, they continue to actively identify high-value opportunities, utilizing flexible parallel structures to maintain "China exposure." GPs are also exploring new pools of capital, tapping into the massive wave of mainland entrepreneurs’ wealth now moving through offshore private wealth channels. Our panel of seasoned private equity investors will highlight the path forward for private equity in China.
- What will it take for global investors to fully overcome the recent "confidence crisis"?
- What types of companies are GPs investing in to deliver strong returns?
- How should GPs reshape their narratives to promote the strategic value of "China exposure"?
- Can private wealth and family offices become the next major capital engine for GPs?
- How are institutions leveraging flexible "parallel structures" to navigate geopolitical complexities and sustain USD allocations?
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SpeakersYiqing Wang Global Origination Editor; Managing Editor, APAC Mergermarket
John Wang Partner Ascendent Capital Partners
Michael Chen Partner Centurium Capital
Zhan Yang Partner Coller EQT
Frank Tang Chairman and CEO Fountainvest Partners
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Yiqing Wang is Managing Editor of Mergermarket’s Asia-Pacific M&A and ECM editorial team, which specializes in breaking news on private and public M&A transactions and delivering forward-looking intelligence on corporate strategy. Yiqing spearheads the editorial strategy and oversees day-to-day operations, to deliver timely, actionable insights and analysis to help clients make better deal-making and investment decisions. Additionally, she frequently moderates panels and chairs conferences at ION Analytics events, bringing industry insights to the forefront.
She has been an investigative M&A reporter and editor since 2009, writing news ranging from healthcare, renewable energy and financial service, etc.
Yiqing achieved her master's degree of multilingual multicultural studies from New York University.
Mr. Wang is Partner at Ascendent Capital Partners. He is responsible for investments.
Prior to joining Ascendent, Mr. Wang was a Director at Bank of America Merrill Lynch and head of the firm’s China M&A practice, where he focused on cross-border and domestic mergers and acquisitions across all industries in China. Prior to joining Bank of America Merrill Lynch, he started his M&A career at JP Morgan in New York and later in Chicago and Hong Kong focusing on global M&A transactions. During his banking career, he was also involved in leveraged finance, equity, hybrid, and structured products. Mr. Wang also worked for Rohm and Haas in operations management in Beijing.
Mr. Wang is a CFA charter holder and earned his M.B.A. from the Yale School of Management.
Michael Chen is a partner and member of Investment Committee at Centurium Capital. Mr. Chen also serves as a Director of Luckin Coffee (OTC: LKNCY) and Co-chairman of the company’s Sustainable Development Committee, and Chairman of ANE Logistics. Mr. Chen is an experienced private equity investor in China with a proven track record of successful investments. Prior to joining Centurium, he led Warburg Pincus’ consumer and services investments in China. Prior to joining Warburg Pincus in 2011, Mr. Chen was a vice president in Crescent Point, a Pan-Asia growth capital fund. Before Crescent, Mr. Chen was an associate in the investment banking division of Morgan Stanley in Hong Kong and a consultant with Accenture in China. He received a B.A. of economics from Fudan University and an M.B.A. from INSEAD.
Zhan is an Investment Partner and General Manager of Coller EQT's Beijing office. He is responsible for origination and execution, and is based in the firm’s Hong Kong and Beijing offices.
Prior to joining Coller Capital in 2016, Zhan was a Director at BlackRock Private Equity Partners. Previously, he worked at Swiss Re Private Equity Partners and Adveq Management in Zurich, Beijing and Hong Kong.
Zhan has a BEng in Environmental Engineering from Tianjin University, an MSc in Environmental Science from Nanyang Technological University and an MBA from INSEAD. Zhan is a CFA Charterholder.
Mr. Frank K. Tang is the Chairman and CEO of FountainVest Partners, a leading Asia based private equity firm with offices in Hong Kong, Beijing, Frankfurt, Shanghai and Singapore. FountainVest actively invests in the consumer, healthcare, industrial and business service sectors.
Prior to co-founding FountainVest, Mr. Tang was with Temasek Holdings as Senior Managing Director, where he simultaneously led China investments as well as global telecom, media and technology investments. As a member of the senior leadership team at Temasek, Mr. Tang served on both firmwide Senior Management Committee and Senior Investment & Divestment Committee.
Mr. Tang worked at Goldman Sachs for nearly 11 years, first in New York and then in Hong Kong. Mr. Tang worked in both investment banking and Principal Investment Area, the private equity arm of Goldman Sachs. He was Managing Director and Head of Telecom, Media and Technology investment banking in Asia Pacific for Goldman Sachs prior to joining Temasek.
Mr. Tang is a board member of Amer Sports, BMTS, and previously served on the board of Accenture (a Global Fortune 500 company), Key Safety System Technology, IMAX China, and Sina Weibo (a top social media platform in China). He has been a member of the World Economic Forum, a governor of the China Venture Capital and Private Equity Association, a trustee of Donghua University, and a board member of Columbia Business School’s Board of Overseers.
Mr. Tang was born in Shanghai, and holds a bachelor’s degree from Donghua University in Shanghai and a MBA degree from Columbia Business School in New York.