Process

With China’s diminishing macroeconomic tailwind and normalized IPO environment, a carefully designed and efficient process is essential to long-term performance. We follow a clearly codified route for each project with respect to both underwriting and portfolio management, with a strong emphasis on independent data validation.

Our process is intellectually straightforward and primarily differentiates itself through its execution, backed by our local networks and long experience of investing in China.

Process

With China’s diminishing macroeconomic tailwind and normalized IPO environment, a carefully designed and efficient process is essential to long-term performance. We follow a clearly codified route for each project with respect to both underwriting and portfolio management, with a strong emphasis on independent data validation.

Our process is intellectually straightforward and primarily differentiates itself through its execution, backed by our local networks and long experience of investing in China.

Codified and transparent

We occasionally make adjustments to our process based on internal post-closing feedback, but we never deviate from it. Decision-making lies firmly in our codified process and all project team members participate in each step of the investment process. We stay clear of the practice of rubber-stamping decisions already taken behind the scenes by top management.

Independent data validation

Independent data validation and referencing are crucial to making informed investment decisions in China and require substantial local presence, networks and experience. The heavy reliance of external service providers prevalent in mature markets is a prohibitively risky approach in our market.

Efficient information sharing

All our work, including pipeline updates, portfolio management reports and due diligence deliverables are logged in our proprietary database system (PES) and shared with every member of the team on a real-time basis.