A former head of Goldman Sachs’ Asia Special Situations Group (ASSG), has joined a Chinese private equity firm to run a newly established $400m fund, according to reports.
Zhang Yi reportedly helped Goldman Sachs to make high-profile investments in China, including meat processor Shuanghui and Western Mining.
Zhang joined Goldman in 1994 but left in February and recently joined as a partner of Shanghai-based Trust Bridge, a private equity fund launched at the end of last year which will target Chinese companies.
The sector focus of the fund is reportedly telecoms, media and technology, and consumer-driven internet businesses.
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