Yi Luo joins CVC as China head

Luo joins the European-headquartered private equity firm from rival Blackstone.

Yi Luo has joined CVC Capital Partners from rival Blackstone as the private equity firm's head of China, according to CVC’s website.

Luo, who was previously based in Shanghai but will now be based in Hong Kong, was a senior managing director at Blackstone, overseeing its private equity investments in China.

He was also chairman of Blackstone's renminbi fund and initially reported to Michael Chae, who returned to New York in 2014.

A spokesperson for Blackstone contacted by FinanceAsia declined to provide details of any of the deals that Luo either led or was involved in.
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