Caixin OnlineFinance & EconomicsTop Stories Finance Cheers, Jeers for a Not-Your-Daddy's PE Fund
11.07.2012 18:06

Cheers, Jeers for a Not-Your-Daddy's PE Fund

Rivals say Jiuding Capital breaks rules and is due for a fall, but so far its alternative strategies have worked
By staff reporters Zheng Fei, Liu Ran and Wang Shenlu

From left to right, Wu Gang, chairman of Jiuding Capital, and fund partner Tan Zhenyu and Huang Xiaojie

(Beijing) – China's private equity sector is shivering in a figurative winter for initial public offerings – the traditional cash-out route for exiting PE investors – that's now in its second year with no end in sight.

But so far the freeze has not affected a maverick PE fund backed by a team of young Chinese financiers whose unusual strategy has turned heads and, in some cases, enraged competitors.

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