Commonfund hires HSBC executive to lead Beijing office
Commonfund Capital has appointed Xiaonan Tian as an associate director and head of its investment office in Beijing from where she will oversee the firm’s Asia Pacific portfolio.
Tian joins from HSBC where she served as a senior vice president in the structured banking division, building relationships with private equity and venture capital players across China. Before that, she spent seven years with Deutsche Bank as one of the founding members of the Asia PE team.
At Commonfund, Tian will assume responsibility for due diligence, manager selection, investment monitoring and portfolio construction within the PE and VC investment management programs, according to a statement.
Commonfund is an independent asset manager that serves non-profit institutions such as endowments, foundations, and public pension funds. As of March, it had $24.9 billion in assets across full-service outsourced investment management and alternatives strategies.
The private capital team comprises 45 professionals who channel commitments from more than 800 clients into primary and secondary investment as well as co-investment. The team has managed over $15 billion since inception.
Jireh Li, Commonfund's previous Beijing office head - and also chief representative for Asia - departed over a year ago to become an executive director at Chinese venture capital firm Source Code Capital.
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