Actis seeks Chinese partner

Private equity investor Actis has hired Jiansheng Wang as partner to strengthen the firm’s presence in China.

Based in the Beijing office, Wang will work closely with Actis’ investments in the sector, especially in Asia.

Prior to Actis, he was managing director of the Chinese operations of New York-based Cerberus Capital Management. Before Cereberus, he spent 15 years with the International Finance Corporation (IFC) of the World Bank Group in Washington DC and Beijing.

With US$4.8bn in funds under management, Actis targets emerging markets in Asia, Africa and Latin America. It employs over 100 investment professionals located in nine offices worldwide.