Former CIC PE head joins China Renaissance

Wang will report to Fan Bao, chairman and CEO of China Renaissance. His duties include supporting the development of the firm’s investment management business, providing strategic advice to deal teams, and engaging in strategy development and operational management for Huajing.

“Committed to becoming a world-class financial institution, China Renaissance is embracing the robust development of its three core businesses: investment banking, investment management and Huajing Securities,” Bao said in a statement. “In this new role, Mr. Wang will help integrate the company’s internal and external resources, and position us to the capital markets at home and abroad through a more efficient and rigorous approach.”

During his three years at CIC, Wang headed the private equity and private credit investment businesses, overseeing investments in more than 100 PE and credit funds worldwide and completing a number of direct investments. Before CIC, he spent 13 years at the China Securities Regulatory Commission in a variety of roles including deputy director of the Institutional Supervision Office and deputy director of Innovative Business Supervision.

The appointment comes shortly after China Renaissance announced the close of its third renminbi-denominated fund, under its flagship Huaxing Growth Capital arm, at more than RMB6.5 billion ($943 million). The vehicle focuses on technology and business services, consumer-oriented internet companies, new energy, and advanced manufacturing.

China Renaissance, previously known for providing private placement and M&A advisory services to Chinese internet companies, has become increasingly active as a technology investor in its own right. The company also announced an aggressive push into wealth management services upon listing in Hong Kong last year. The goal is to achieve $10 billion in assets under management within private equity by 2020.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Save this article  
• Send to  

• Topics
• Greater China
• People
• Growth
• GPs
• China
• China Renaissance
• Appointments
• CIC