jiang zhicheng boyu capitalmsci world ticker

Later the company changed its name to Boyu Investment Advisory Co… A relationship does not necessarily indicate a personal connection. Because they work for companies governed by Western laws, some have turned cautious about investing in princeling firms. It is known for a 2012 investment in e-commerce giant Alibaba Group Holding Ltd (In the past few years, Boyu has also been actively investing in China’s booming tech start-ups, including ride-hailing champion Didi Chuxing, on-demand services provider Meituan Dianping (Boyu’s last U.S. dollar PE fund, which raised about $2.1 billion in 2016, saw a 37.5 percent gross internal rate of return (IRR) as of the end of June, according to one of the sources. Between them, these funds have raised at least $17.5 billion for investment since 1999. That exceeded the $9.3 billion of private equity firm KKR & Co Inc’s (Founded in 2010, Boyu counts former TPG Capital senior executive Mary Ma and Alvin Jiang, also known by his Chinese name Jiang Zhicheng, the grandson of former Chinese president Jiang Zemin, as partners. Kiang negotiated on MetLife’s first mainland license in 2004, the source said, one of the first major Sino-foreign ventures created after China’s 2001 entry into the World Trade Organization. Some high profile departures had left CIC, China’s giant sovereign wealth fund, short of personnel. The man who founded, built and then sold Sunrise to Boyu is Fred Kiang, a Chinese-American businessman with close ties to the Jiang family, according to Alvin Jiang’s friends and business associates. “Our firm is pretty equally divided on investing with princelings,” said one European investor. Certain Information provided by Factset Research System Inc. Alvin Jiang and Boyu Capital declined to comment for this story. Analysts estimate Alibaba is worth at least $140 billion today, which means Boyu’s investment as part of the CIC consortium has increased more than three and a half times in value in 18 months. Alvin Jiang and Jiang Mianheng have used a Kiang residence address in Arizona for small personal business transactions. Kiang founded Sunrise in 1999. Founded in 2010, Boyu counts Alvin Jiang, who is the grandson of former China president Jiang Zemin and goes by Jiang Zhicheng in the Chinese-speaking world, among its partners. “It’s why you invest with a princeling fund.” Several limited partners told Reuters that their firms assess princelings on their political connections and ability to convert those ties into business deals.

In 2009, he hosted an event in Shanghai to smoke the 40th anniversary Cohiba Behike, a limited edition Cuban cigar that sold for $500 apiece.

Private equity firm Boyu Capital, whose partners include former TPG executive Mary Ma and the grandson of former China president Jiang Zemin, is planning to raise its second fund and is … The company’s other partners include TPG Capital senior executive Mary Ma, ex-Ping An Insurance executive director Louis Cheung and former Providence Equity Partners dealmaker Sean Tong.

PRINCELING INFLUENCE. The extraordinary fall of former Chongqing governor Bo Xilai in 2012 reinforced that notion for many private equity investors. Ma, the former CFO at Lenovo Group, left a senior role at TPG to help set up Boyu. Princelings have played central roles in businesses involved in finance, energy, domestic security, telecommunications and the media. Investors were also impressed with Boyu’s 2011 purchase of a controlling stake in Sunrise Duty Free - which runs all the duty-free stores at Shanghai and Beijing’s international airports. © 2020 Relationship Science LLC. REUTERS/Tyrone Siu/File Photo Nurture your network and further your business goals with smart intelligence on the people and companies that matter most to you.Browse in-depth profiles on 12 million influential people and organizations. Ma and Cheung were known in the private equity industry for turning around struggling companies; Tong was a noted dealmaker.
any kind between RelSci and Zhicheng Jiang. Boyu, however, has told investors it has a controlling stake, sources with knowledge of the matter said. Founded in 2010, Boyu counts former TPG Capital senior executive Mary Ma and Alvin Jiang, also known by his Chinese name Jiang Zhicheng, the grandson of former Chinese president Jiang … All Rights Reserved. Foreign companies were banned from setting up joint ventures or directly owning duty free businesses in China. Kiang was a senior executive at Newbridge, the former name of TPG Capital in Asia, one of the world’s biggest private equity firms, three people with direct knowledge told Reuters. I see princeling funds as a double-edged sword.” For Boyu, profit and prospects have so far trumped any such anxiety: Alvin Jiang’s firm has swiftly raised $1.5 billion from investors for its second fund, 50 per cent more than its first fund, people with knowledge of the matter said. All Rights Reserved.
When Boyu first made news in 2011, it was private equity veteran Mary Ma whose name captured headlines, not Alvin’s.

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