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General Atlantic appoints Eric Zhang as China head

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General Atlantic has recruited Eric Zhang, formerly of The Carlyle Group, as managing director and head of China. He will lead the firm’s investments in growth Chinese companies.

Zhang spent ten years in Carlyle as global partner and managing director, focusing on buyout and growth investments across Asia. He is currently an independent director on the board of Chinese online classified site 58.com, and has previously served on the board of Soufun, Yashili, Plateno Group, Kaiyuan Hotel Group and An Neng Logistics Group. Zhang also led the establishment of Carlyle Beijing Partners, a renminbi-denominated fund.

Before joining Carlyle, Zhang worked for Credit Suisse and China International Capital Corporate (CICC).

General Atlantic has four offices in Asia, located in Beijing, Hong Kong, Singapore, and Mumbai. Since it began making investments in China in 2000, it has put $1.5 billion in 17 companies. The firm is an early investor in Chinese hotpot chain Xiabu Xiabu, which went public in December 2014. It has also invested in China's largest online-to-offline (O2O) service platform Meituan-Dianping, which raised a $3.3 billion round at a post-money valuation of $18 billion in January.

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