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The China-ASEAN Investment Cooperation Fund (CAF) is a private equity fund focusing on investment opportunities in infrastructure, energy and natural resources in the ASEAN region and China. CAF specializes in sustainable investments that not only bring financial growth to the investee company but also significant values to the community. The establishment of CAF was announced by Chinese Premier Wen Jiabao in 2009, and the USD-denominated Fund commenced operations in early 2010. Operating with a high level of integrity and international best practices, the Fund's investment professionals pursue strategic opportunities that require growth capital to generate superior returns for its investors.
CAF is not only managed by diverse international professionals with proven track record in principal investments and extensive capital markets experience, but also has the unique ability to leverage its extensive network and resources, particularly in China, to support its investee companies for value enhancements
CAF is not only managed by diverse international professionals with proven track record in principal investments and extensive capital markets experience, but also has the unique ability to leverage its extensive network and resources, particularly in China, to support its investee companies for value enhancements
- One of the largest private equity fund focused on the ASEAN region
- Pursuing investments in infrastructure, energy and natural resources to generate superior returns
- Ability to invest in greenfield and brownfield projects
- Target commitment for Fund I of USD 1 billion and ultimate target fund size of USD 10 billion
- Managed by a team of international professionals with experience in principal investments, investment banking and covered industries
Li Yao
Chief Executive OfficerAs CEO of the Fund's advisory company and Chairman of the Fund's Investment Committee, Dr. Li is responsible for executing the overall investment mandate of CAF. Prior to this, Dr. Li was with the International Finance Corporation (IFC), a member of the World Bank Group, for close to 13 years where he led a diverse group of investment professionals. Dr. Li's earlier career included five years at the Bank of China HQ where he advised AIG Asia infrastructure Fund and help set up the bank's investment banking business.
Dr. Li holds a Bachelor degree, a Master degree and a PhD degree in Economics and International Finance from Nanjing University, Nankai University and Renmin University of China respectively.
Wang Hongwei
Chief Operating OfficerAs COO of the Fund's advisory company, Mr. Wang covers a variety of duties, including fund administration, asset management, investor relations, human resources as well as the operation and finance of the advisory company. Mr. Wang was a veteran of the Export-Import Bank of China for 15 years. He was Deputy General Manager, Special Financing Account Department before he joined the Fund.
Mr. Wang holds Bachelor degree fromBeijing Foreign Studies University.
Geoffrey Seeto
Managing DirectorMr. Seeto is a founding team member of CAF's advisory company since 2009. Mr. Seeto is primarily responsible for originating, assessing and execution of all potential investments of the fund. Prior to joining CAF's advisory company, Mr. Seeto held senior roles with Babcock & Brown Infrastructure and ABN AMRO covering numerous infrastructure investments.
Mr. Seeto holds a Bachelor of Economics and Master of Laws degree from the University of Sydney, Australia.
Zhang Litao
Financial ControllerLitao Zhang is responsible for the fund administration, investor relations and the Advisor's finance. Prior to joining the Fund, Litao Zhang was with the Export-Import Bank of China, H.O. for 15 years, serving as a Deputy Director and leading a team responsible for overall financial performance reporting and analyzing.
Litao Zhang holds a Master's Degree of Economics from Peking University and a Bachelor's Degree of Economics from Financial and Banking Institute of China.
Patrick Ip
Head of Portfolio Supervision ManagementPrior to joining CAF's advisory company, Mr. Ip was the Chief Financial Officer of the private equity arm of the French bank, Natixis. Earlier in his career Mr. Ip was trained as a Chartered Certified Accountant with PwC in London. He also served as a regulatory affairs manager in the Legal division of the Wharf Group.
Patrick Ip, CFA, CPA (Hong Kong), FCCA (UK), LLB (Hons) from London University Law Schools (UK), and BA (Hons) in accounting and finance from Leeds University (UK).
Ryan Chung
Investment DirectorMr. Chung is a founding team member of CAF's advisory company in 2009. Prior to CAF, Mr. Chung worked for UBS Investment Banking covering natural resources M&A and IPO transactions. Before that, Mr. Chung was with Citigroup Capital Markets Group covering acquisition and project financings. Mr. Chung also worked for URS-Scott Wilson Plc as civil engineer.
Mr. Chung holds a Master and Bachelordegree in civil engineering from Imperial College London and a Master degree in finance from Cass Business School London. Mr. Chung is also a Chartered Civil Engineer qualified in the United Kingdom and Hong Kong.
Dean Robinson
AssociateJoining CAF at its inception, Mr. Robinson is involved with investment execution and overseeing the Fund's social and environmental management system. His 13 years' experience across Asia includes direct investment experience in infrastructure assets, having previously worked for the world's largest port developer and a large Chinese wastewater group.
Mr. Robinson's educational background includes a Bachelor degree in Asian studies from the University of British Columbia and an MBA in finance from McGill University.
Hector Wang
AssociateMr. Wang is a founding team member of CAF's advisory company in 2009. Prior to this, Mr. Wang was with Macquarie Capital Advisors in Beijing where he was focused on principal investments in the infrastructure and related sectors in China. Previous to this, Mr. Wang worked for PricewaterhouseCoopers' Corporate Finance team in Beijing.
Mr. Wang holds a Master degree in finance from Imperial College London in the United Kingdom.
Bo Liu
AssociatePrior to joining CAF's advisory company, Ms. Liu worked for Merrill Lynch's Investment Banking Division in Hong Kong, focused on M&A and IPO transactions for general industrial companies. Before that, Ms. Liu was with Simmons & Company International in Houston, USA, advising energy companies on M&A transactions.
Ms. Liu holds a Master in Business Administration degree from Harvard Business School and Bachelor of Business Administration degrees in Finance and Accounting from Texas A&M University.