New firm targets China tourism, aims to beat typical PE returns
US private equity manager General Atlantic and Chinese travel agency Ctrip are backing a new investment firm, Ocean Link. Tony Jiang, a partner at the new entity, speaks about its plans.
US private equity firm General Atlantic has partnered Chinese travel agency Ctrip to back Ocean Link, a PE venture dedicated to investing in the fast-growing mainland tourism sector. It has raised $400 million for deals and is looking to bring in more capital this year.
“Both the sector and the private equity investment world in China are becoming very competitive so having a sector focus is critical in identifying opportunities, making the right judgment call and for portfolio m…
Please sign in or register
for free access to 1 article per month from AsianInvestor’s content and archives of over 16,000 articles.
¬ Haymarket Media Limited. All rights reserved.