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"Science and Technology Board Daily" December 5th (Reporter Chen Mei) After the Huaping Investment was about to be adjusted last weekend,Express information the news was confirmed recently.
On December 4, Huaping Investment announced the appointment of the new generation leader team in Asia.Among them, Wei Zhen, who has invested in Huaping for 20 years, will step down as the president of China.Vishal Mahadevia was promoted to the newly established CEO of Huaping Investment in Asia's private equity investment. Fang Min and Zhou Lang were promoted to the joint president of China Investment in China.
In this regard, the reporter of "Science and Technology Daily" asked Huaping's investment in the reason for adjustment, and the other party only called "the official announcement of the official announcement."Relevant sources told reporters that Wei Zhen has been working in Huaping for 20 years, and it is normal to step down.
Wei Zhen stepped down
Wei Zhen, who joined Huaping in 2002, has previously focused on consumption, medical care and other fields, and led investment in companies such as Gome Electric, Intime Department Store, Children's King, Zhongtong Express and other companies.In the past, the US dollar fund mainly invested in consumer goods and services, commercial products and services in China.
When the consumer track was hot in 2020, Wei Zhen once said that the total retail sales of consumer goods in China are expected to surpass the United States and become the largest consumer economy in the world, with huge market space.It also revealed that Huaping Investment has about $ 20 billion in China, and has a strong ability to withdraw.
However, with the changes in the venture capital environment and the cold consumer investment, the consumer enterprise financing stage in the first half of this year is mostly in the A round or earlier angel wheel, which makes Huaping investment as a PE giant unable to start.
Cai Lianzhong's communication-China China Data shows that in the consumer field, Huaping Investment's last investment in China stayed in 2021At that time, the team led by Wei Zhen invested in brands such as vitality forests, Wenheyou, and the vitality forest continued to increase the investment in Huaping.Not only participated in its strategic financing of 500 million US dollars, but also shot $ 200 million in Series D financing.
After the peak period, Huaping Investment has suspended consumer investment in the field of China.
As Fang Min and Zhou Lang were appointed as the new president of the new China Private Equity Investment, some investors told reporters that the investment direction of Huaping's investment in Huaping in the future may tend to biomedical tracks.
The resume shows that Fang Min is a partner of Huaping and the head of China Medical and Health Investment.Earlier, Fang Min believes that the innovation of Chinese medical technology has ushered in the golden age, and Huaping Investment can become a helping person and companion for Chinese medical technology innovation.In fact, the first RMB fund invested in Huaping's investment, that is, the partnership period of the Big Health Industry Investment Fund reached 15 years, surpassing the 10 years that Huaping had held in the global medical technology innovation project.
Added more presidents of Asian Regional Investment
Under the change of the president of investment in China, the reporter of "Science and Technology Daily" noticed that this time Huaping Investment has also added a number of presidents of investment in Asia, including India, Singapore, and Japan.Mahadevia is promoted to the president of investment in Asia.
For this change, investors who are concerned about PE giants told reporters that unlike other PE giants, Huaping Investment has been working in China for the longest time, and has always adopted Chinese strategy before.Essence"In fact, from the perspective of global fundraising, Huaping's investment is still strong."
"On October 10th, Huaping Investment completed a $ 17.3 billion global private equity fund raised, but this is a global strategy, that is, the scope of investment is not limited to China and Asia. ThereforeA choice for Huaping Investment. "
However, it may not be as simple as expanding the Asian business.
Last week, Bain Capital, which completed the fifth Asian fund fundraising, raised $ 7.1 billion (about RMB 50.6 billion) in one fell swoop, exceeding about 40%of the established target 5 billion US dollars.Bain Capital stated that the fund was supported by institutional investors around the world and continued to invest from Bain Capital Investment Manager.
Someone who knows the fundraising told reporters that the fundraising was indeed successful, but it accounted for 90%of the Asian private equity fundraising market this year.In other words, this year's Asian market dollar funds have only been raised by more than 8 billion US dollars, and the situation is very sluggish.
Another giant Core Group recently reduced the fundraising scale of the "Pan -Asian Private Equity Fund", which reduced at least 30%from the initial $ 8.5 billion, because it was affected by the slowdown of global economic slowdown and geopolitical tension.Sources said that Core started raising the fund in mid -2022, and the current scale is less than $ 3 billion.
Investors who are concerned about the PE giant believeWhether it is PE or VC, fundraising is always the lifeline of private equity institutions.Especially in the context of domestic embrace of RMB funds, how to raise funds is a question of thinking about Huaping's investment.
In fact, as one of the oldest private equity investment companies in the world, Huaping Investment has been raised late in the RMB Fund to other institutions.
Pitchbook of the capital market data agency shows that in 2022, the headquarters in the United States and the set off office in China, such as Jingwei, Sequoia, etc., with a total funding of $ 11 billion in China.This means that before the market environment changes, some institutions have long been deployed and prepared.