Carlyle makes six promotions in Asia
The Carlyle Group has promoted Ling Yang, a managing director in the firm’s Shanghai office, to partner. Yang is one of 60 senior promotions announced by Carlyle worldwide, including six in the Asia buyout team.
Le Guan and Dennis Wang, based in the Beijing and Shanghai offices respectively, have been elevated to managing director, according to a statement. Tian Ai, based in Beijing, and Mumbai-based Kapil Modi and Rahul Mukim were made director.
Yang joined Carlyle’s US buyout team in 2008 from KKR and moved to the Asia team in 2011. She was promoted to managing director in 2017 along with two other members of the Asia buyout team in Beijing and Hong Kong.
Carlyle had $212 billion in assets under management as of September 2018. The firm is currently investing its latest pan-Asia buyout fund, which closed at $6.55 billion last year, a significant expansion on its $3.9 billion predecessor. Its core sectors are consumer and retail, financial services, technology, media and telecom, healthcare, and industrials, with investment opportunities expected to arise from corporate players and family businesses facing succession issues.
More on People
Latest News
Asian GPs slow implementation of ESG policies - survey
Asia-based private equity firms are assigning more dedicated resources to environment, social, and governance (ESG) programmes, but policy changes have slowed in the past 12 months, in part due to concerns raised internally and by LPs, according to a...
Singapore fintech start-up LXA gets $10m seed round
New Enterprise Associates (NEA) has led a USD 10m seed round for Singapore’s LXA, a financial technology start-up launched by a former Asia senior executive at The Blackstone Group.
India's InCred announces $60m round, claims unicorn status
Indian non-bank lender InCred Financial Services said it has received INR 5bn (USD 60m) at a valuation of at least USD 1bn from unnamed investors including “a global private equity fund.”
Insight leads $50m round for Australia's Roller
Insight Partners has led a USD 50m round for Australia’s Roller, a venue management software provider specializing in family fun parks.