Ex-Carlyle executive named head of buyouts at CDIB

Ying left Carlyle in 2017 to form Rivendell Partners, a China-focused middle-market buyout firm. However, the GP is said to have struggled to gain traction in fundraising. At Carlyle, Ying was part of the US real estate group before moving to Asia, where he participated in Greater China deals across telecom, media, financial services, business services, and industrials.

CDIB said Ying's arrival dovetails with an increasing emphasis on mid-market buyout opportunities in the region as markets mature. It follows the appointment of William Ho as president of CDIB Capital. He previously spent 20 years with CVC Capital Partners, primarily working on buyouts.

"I am delighted to have Alex join our team, with his considerable experience in buyouts and across key investment sectors that CDIB targets.  We are confident that Alex will contribute greatly to enhancing our growing platform and delivering top returns for our investors." Lionel de Saint Exupéry, the firm's chairman and CEO, said in a statement.

CDIB Capital is the pan-Asian PE arm of China Development Financial. It has more than $2.5 billion in assets under management, across funds ranging from early incubation to late-stage growth to buyout. The firm is most active in the consumer, advanced manufacturing, services, healthcare, and technology sectors. Funds currently under deployment include a debut Asian fund, which closed at $405 million in 2015.

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• Topics
• Greater China
• People
• GPs
• China
• Taiwan (China)
• CDIB Capital
• Appointments
• The Carlyle Group