Carlyle boosts China unit with Goldman veteran

US private equity giant hires Wanlin Liu, who brings 13 years' experience in the field, to lead its growth investments in China.

Wanlin Liu is joining Carlyle Asia as a managing director in its private equity team in China, with responsibility for leading its growth investments.

Liu, who will be based in Shanghai, joins from Goldman Sachs where she spent 13 years working in private equity, according to Caryle's announcement on Wednesday. 

The appointment comes at a time of intense competition in China's ever-evolving private equity sector after several years of strong fund raising. Caryle said it had invested more than $7.5 billion of equity in more than 90 transactions in China.

“Wanlin has deep experience in private equity and she will be a strong addition to our China team," said XD Yang, managing director and chairman of Carlyle Asia. "We believe there are significant and exciting growth investment opportunities in China and across the region. With Wanlin joining us, we will continue to build on our leadership position investing in the growth space.” 

Liu said: “I am pleased to join Carlyle and am impressed by the strong private equity platform that Carlyle has built in Asia over the last two decades. I look forward to contributing to the team and working with one of the most experienced firms in the industry.” 

At Goldman, Liu worked in the principal investment area (PIA) and took a leading role on deals including those for Gan & Lee Pharmaceuticals, Best Inc. and Daesung Industrial Gases.

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