Essex Woodlands promotes Barry, Yang in Shanghai
Silicon Valley-based healthcare investor Essex Woodlands has promoted David Yang and Scott Barry, who run its Shanghai office, to managing director. The promotions, two of five made by the company globally, came into effect on January 1.
Barry, who has been with Essex Woodlands for six years, initially in the New York office, has also been elected to the investment committee, the company said in a statement. Yang joined last April from Warburg Pincus, where he was participated in investments in CITIC Pharmaceuticals, Lepu Medical and Harbin Pharmaceuticals.
Essex Woodlands has $2.5 billion under management and is currently investing out of its eighth fund, which closed at $900 million in 2009. It primarily targets growth equity transactions - with a small amount of capital channeled into VC deals - in the pharmaceuticals, medical technology, healthcare services and information technology spaces.
Previous China investments include China Cord Blood - the blood banking operator that became a KKR portfolio company last year - and cardiovascular stents manufacturer Microport Scientific. Essex Woodlands was the only US-based investor in the companies prior to their listings in New York and Hong Kong, respectively.
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