Share  Print  [-] [+]

Board of Directors

New officers have been elected to serve the HKVCA for 2022-2023 term.


Rebecca Xu
Asia Alternatives Advisor Hong Kong

Rebecca Xu is a Co-Founder and Managing Director of Asia Alternatives. Ms. Xu splits her time between Asia Alternatives’ Beijing, Shanghai and Hong Kong offices. Ms. Xu is on the Firm’s Investment Committee and co-leads Asia Alternatives’ investments in growth and venture capital funds, focusing most of her time on Asia Alternatives’ China investments.

Prior to starting Asia Alternatives, Ms. Xu was a Senior Investment Officer at the Funds Group of the International Finance Corporation (“IFC”), the private sector investment arm of the World Bank Group. There, she had the primary responsibility of leading IFC’s fund investing and portfolio supervision in Asia for over six years. Previously, Ms. Xu also worked at McKinsey & Co, Inc. (Washington D.C.) and HSBC (Hong Kong).

Ms. Xu received an M.B.A. from Harvard Business School and holds a Bachelor’s degree in International Relations from the Foreign Affairs College in Beijing, China. Ms. Xu is fluent in Mandarin Chinese and English.

Ms. Xu currently serves on the Advisory Boards for a number of Asia Alternatives’ China and India private equity funds. In addition, she serves as the Chairwoman of the Hong Kong Venture Capital and Private Equity Association (HKVCA), Vice Chairman of the Emerging Markets Private Equity Association (EMPEA) and on the Board of the Chun Hui Bo’ai Children’s Foundation.



Leon Meng
Ascendent Capital Partners (Asia)

Mr. Meng is the founding Managing Partner and Chairman of Ascendent Capital Partners, a private equity firm managing capital for global renowned institutional investors. Prior to Ascendent, Mr. Meng was a Managing Director of D. E. Shaw & Co., where he was a global partner and the leader of the firm's Asian investment office.  He also founded and was CEO of its highly successful private equity business in Greater China. Previously, Mr. Meng was a Managing Director and Co-head of China at JPMorgan, in charge of its Asia M&A and China investment banking activities. Mr. Meng began his career in the mid 1990s as an M&A specialist and was a Vice President at Credit Suisse First Boston based in New York.

Mr. Meng earned his MPPM with distinctions from the Yale School of Management, where he is a Donaldson Fellow and a Global Advisory Board member.  He cofounded the nonprofit Yale University Emotional Intelligence China Fund and is a member of the Yale University Beijing Center Global Advisory Committee.  Mr. Meng is an advisory board member of the Harvard Kennedy School Mossavar-Rahmani Center and a founding council member of the Future Forum, a nonprofit organization promoting science and technology.  He is also a member of YPO Hong Kong Chapter.



Alain Fontaine
Beyond Traditions

Alain V Fontaine has been working in Asia in Private Equity investment (corporate and institutional) for most of the last 30 years, sourcing and executing investment transactions and managing investment portfolios.

Mr. Fontaine worked for CDP Capital - Communications (a private equity arm of the Quebec pension fund known as CDPQ) from 1998 to the end of 2003, when CDPQ decided to stop its activities in Asia. He and his team from Hong Kong, Korea and Japan made direct private equity investments in the region and managed CDP’s investments in regional and country funds. He also worked for On Capital, a China-focused Private Equity fund and for Investel Asia, a family office focused on the TMT sectors.

On the operations side, Mr. Fontaine, a Professional Engineer (telecom), worked for Bell Canada and its subsidiaries in Canada, Africa and Asia for the first 17 years of his career. He was also the founding President and COO of Bell Ardis in 1988 (a jv with Motorola) and the CEO of the Newcom Group in Mongolia in 2007 – 08.

In 2012, Mr Fontaine joined Beyond Traditions, the lead investor behind Ocean Equity Partners, a private equity fund manager that specializes in industrial, manufacturing, retail, TMT, and other sectors in Greater China.

Mr. Fontaine holds a Bachelor of Applied Science in Electrical Engineering from the University of Sherbrooke, Canada.



Jie Gong
Pantheon Ventures (HK)

Jie Gong is a Partner at Pantheon, and a member of the firm’s Asia Regional Investment Committee and the Global Co-investment Committee. Jie joined Pantheon from Morgan Stanley Alternative Investment Partners' private equity fund of funds group, where she led Asian investment activity and was a member of the Global Investment Committee. Before that she was a Vice President at JPMorgan responsible for leverage finance deal origination, structuring and execution in Greater China. Previously she worked at the International Finance Corporation on emerging market debt and equity investments. Jie received a Masters in Finance from London Business School, an MA in Economics from University of Miami and a BA in Economics and International Trade from Shanghai International Studies University. Jie is Vice Chairman of the Hong Kong Venture Capital and Private Equity Association (HKVCA) and serves on its board.  She founded and chairs HKVCA’s ESG committee, and co-chairs its LP committee. She is also a committee member of United Nation Principle of Responsible Investment Private Equity Advisory Committee (UNPRI PEAC). 


CHAIRMAN 2005-2006

Vincent Chan
The University of Hong Kong

Vincent Chan is a Senior Managing Director and Head of Asia for Samena Capital Hong Kong Limited. Samena Capital is a principal investment group, which invests across multiple asset classes including private equity and corporate credit within the Subcontinent, Asia, Middle East and North Africa (the SAMENA region). It has over US$1 billion of assets under management, committed by a unique shareholder and investor network consisting of prominent business families and entrepreneurs across the SAMENA region.

Vincent was the Founding CEO for 8 years of Spring Capital, an independent private equity firm that invests exclusively in China.  He has 28 years of Asia experience in private equity and has made over 45 investments in growth companies in China. Vincent was previously a Managing Director and an Investment Committee Member of JAFCO Asia, serving as the Co-head of the Asian private equity funds for 7 years.  

Prior to JAFCO Asia, Vincent was a private equity investor with Suez Asia and HSBC Private Equity (Asia) based in Hong Kong. Vincent commenced his professional career in Standard Chartered’s corporate finance division there. 

Vincent received a B.A. from the University of Hong Kong and an MBA from the Manchester Business School, and also obtained a CFA charter.  He is currently the Co-President of the Hong Kong Venture Capital and Private Equity Association (Chairman 2005/06), a member of the Main Board and GEM Listing Review Committees of the Hong Kong Stock Exchange, a Board Member of the Hong Kong Foundation for the University of Manchester, a Member of the University of Hong Kong Investments Sub-Committee managing the endowment funds, a Senior Adviser (former Board Member) of the HKU School of Professional and Continuing Education,  the IC Member of Corporate Venture Fund of HK Science and Technology Parks, a panel member of the Resolvability Review Tribunal and a panel member of the Securities and Futures Appeals Tribunal.  Vincent was a member of the Main Board and GEM Listing Committee of the Hong Kong Stock Exchange (2007-12), a member of the Public Shareholders Group of the Hong Kong Securities and Futures Commission (2005-11), members of Innovation and Technology Advisory Committee (2006-10) and Information & Communication Technology Services Advisory Committee (2005-08) of the HK Trade Development Council, a Director of the Manchester Business School Leadership Board (2010-19) and a member of the Disciplinary Panel of the Hong Kong Institute of Certified Public Accountants (2006-13). He received the award as the 2011 Outstanding Alumni of the University of Manchester.

In the China context, Vincent is a Member of Chengdu Chinese People’s Political Consultative Conference.  He was named a Top 10 Venture Capitalist in China by Zero2IPO in 2002, 2003, 2004 and 2006. He was also selected as one of the 10 “Most Influential Venture Capitalists in China” by Top Capital in 2005 and was ranked Number 9th as China Best Venture Capitalists by Forbes Magazine in December 2015.



Queenie Ho
Affinity Equity Partners

Queenie Ho is a Partner and Head of Investor Relations at Affinity Equity Partners. Queenie joined Affinity in 2004. She is a Member of the Investment Committee, and Valuation and Portfolio Review Committee of Affinity.  She currently serves on the board of directors of Trimco International. Before joining Affinity, Queenie was a management consultant at McKinsey & Company. Queenie holds a BSc in Economics with first-class honours from the London School of Economics, a MPhil in Finance with distinction from the University of Cambridge and an MBA from Harvard Business School.



Wendy Zhu
AlpInvest Partners 

Wendy is a Managing Director and co-head of AlpInvest Partners’ Primary Fund Investments team with a focus on the Asia pacific region. She is also responsible for Secondary and Portfolio Finance team in the Asia Pacific region and a member of the Operating Committee. She joined AlpInvest Partners in 2007 from Macquarie Funds Management, where she was Senior Vice President of Asia-Pacific regional private equity fund investments and co-investments. Previously, Wendy was a Director with Deutsche Bank Asset Management and an Associate Director at MetLife. Wendy received a BS in Business Administration and an MS in Accounting from the University of Southern California and is a CFA charterholder. She represents AlpInvest Partners on various Advisory Boards.



Melissa Guzy
Arbor Ventures

Melissa C. Guzy is the Founder and Managing Partner of Arbor Ventures. Before the founding of Arbor Ventures, Melissa was a Managing Partner and a member of the Investment Committee at VantagePoint Capital Partners, where she invested in early stage technology companies in Asia, Europe and Silicon Valley. Her current board positions include EverCompliant, Fundbox, InCountry, Tabby, Planck Re and TrueAccord. Melissa was the investor board member of Paidy which was acquired by Paypal for $2.88 billion. Melissa also sits on the Board of Trustees of The Jackson Laboratory whose mission is to discover precise genomic solutions for disease and empower the global biomedical community in the shared quest to improve human health.

Melissa attended Wellesley College and earned a master’s degree in Finance from the University of Florida. She is the author of the paper “Venture Capital Returns and Public Market Performance”. Melissa is the Co-Chair of the Hong Kong Venture Capital and Private Equity Association (“HKVCA”) Venture Committee, a member of the Board of Directors of the HKVCA and the Singapore Venture Capital Associate and a former member to the Hong Kong SFC on Innovation. Additionally, she was a guest lecturer on the Venture Capital Industry at the University of Florida, Hong Kong University, Chinese University of Hong Kong and the Hong Kong University of Science and Technology. Melissa is also a Hopkins Fellow and participated in the Women’s Leadership Program at Harvard University. She has been recognized as a Top 100 Influencer in Fintech (NxtBnk), AlwaysOn Fintech Power Player, as well as one of the Top 13 Women in Asia of Tech Influencers.



Edward Huang

Mr. Huang is Head of Private Equity for Greater China and Korea for Blackstone. Before joining Blackstone, Mr. Huang was previously a Managing Director for China investments in Morgan Stanley Private Equity Asia, and also worked in investment banking for Morgan Stanley and Merrill Lynch in New York and Hong Kong. Mr. Huang received a B.A. from Yale University and an M.B.A. from Harvard Business School.



Danny Lee

VCA Capital Limited

Danny Lee is an experienced investor with over 24 years of global private equity experience spanning venture, growth and buyouts. He is currently managing VCA Capital Fund I, helping individuals and family offices manage their private equity portfolio globally through both fund and direct investments. Danny is also a senior advisor to Blue Pool Capital where he was a partner running global private equity since 2015. Before that he was a managing director at Bain Capital and Vice President at Investor AB, the largest industrial holding company in the Nordic region. He started his career with Lehman Brothers in NY. Danny has a BA in Economics from Columbia and is a CFA Charter holder.

Danny is an Aspen Finance Fellow and Edmund Hillary Fellow. He sits on the investment committee for New Zealand Elevate Venture Fund, on the board of the HK Venture Capital and Private Equity Association, and is the chairman of Seed Foundation, a youth education NGO sponsored by Alibaba Entrepreneur Fund. He is also the founding patron for the M+ Museum and the HK Palace Museum.



Tony Zhang
China Resources Capital Management

Dr. Zhang has over 15 years’ experience as senior management in PE/VC funds and M&A business. Since 2016, as the Co-CIO in China Resources Capital, he has covered several sectors and different investment stages with accumulated AUM of 5 billion USD. He is also a member of the Innovation Committee and the Investment Consulting Committee of China Resources Group, where he takes an active role within the group.


CHAIRMAN 2015-2018

Eric Mason
The Church Pension Fund

Eric Mason is a Managing Director of The Church Pension Fund. He joined the Church Pension Fund in 2009 as the head of the Fund’s new Asian office based in Hong Kong and has been based in Asia for almost 25 years. Mr. Mason and his team are responsible for the Fund’s investments in Asia across all asset classes with a focus on private equity, venture capital, hedge funds, credit and real estate. The team manages approximately $3.0 billion in investments in Asian based managers.

Prior to joining the Fund, Mr. Mason was the head for the Carlyle Group’s Asia Leverage Finance Fund and before that spent 13 years at JPMorgan most recently as Asian regional head of Leveraged Finance. In these roles, Mr. Mason has developed experience in structuring, underwriting and investing in private equity and credit transactions. Mr. Mason first came to Asia in 1990 to teach at the Foreign Affairs University in Beijing with Princeton-in-Asia, prior to that he worked in Washington DC for U.S. Senator Bill Bradley. Mr. Mason earned a Masters Degree in International Affairs from Columbia University’s School of International and Public Affairs (SIPA) and a B.A. in International Relations and Economics from the University of Delaware. Mr. Mason speaks Mandarin Chinese.

The Church Pension Fund is a private tax exempt organization based in New York City with more than US$17 billion in assets under management. The Fund has been in continuous operation since 1917 and provides pension benefits to those serving the Episcopal Church. The Church is an extensive investor in alternative assets and has been investing with many of the global leaders in venture capital and private equity for decades.  



Eric Xin
CITIC Capital Holdings

Eric Xin is the Managing Partner of Trustar Capital, a leading buyout-focused private equity firm in China.

Mr. Xin received an MBA from the Harvard Business School with Honors and a B.A. in Economics from Beijing University.  



Alvin Lam
CVC Capital Partners


Mr. Alvin Lam is an operating partner with CVC Capital Partners. Alvin joined CVC in 2005. Prior to joining CVC, Alvin was a Principal with the Boston Consulting Group’s Greater China practice and worked for Philip Morris International in a regional business development role. Alvin holds a BSc Degree from the Massachusetts Institute of Technology, an MBA from the Wharton School and an MA in International Studies from the University of Pennsylvania.



Jacob Chiu
HQ Capital


Jacob Chiu is a Managing Director responsible for Asian PE manager research and co-investments for HQ Capital, a leading global independent alternative investment manager with $8 billion AUM in private equity. Previously, he was a Partner with FLAG Squadron Asia; a Managing Director with Search Investment Group; and held senior operating and financial roles with Glaxo, Kraft and TigerPack. He holds an MSc in Financial Management from the University of London.



Derek Sulger
Lunar Capital Management

Derek Sulger has been with Lunar for over a decade, and together with our partners has built Lunar into a leading buyout firm making entrepreneurial acquisitions of premium consumer businesses. Today, Lunar owns controlling stakes in numerous well-known luxury, apparel, F&B and lifestyle companies. Derek started his career with Goldman Sachs and moved to Shanghai in 1999 to become an entrepreneur, founding China’s earliest NASDAQ-listed mobile internet businesses, Linktone, a Chinese telecommunications software business, Intrinsic, and a Chinese payments business, SmartPay Jieyin. He is recognized as one of the earliest successful Chinese “new wave” entrepreneurs, is featured in China’s Venture Capital Hall of Fame, and his company, Linktone, is recognized in the Chinese Internet Museum as the “leader of the second wave” of publicly listed businesses. He is a graduate of Harvard University. 


CHAIRMAN 2018-2021

H. Chin Chou
Morgan Stanley Asia

H. Chin Chou is the Chief Executive Officer of Morgan Stanley Private Equity Asia and a Managing Director of Morgan Stanley, based in Hong Kong.  Mr. Chou also serves on the Firm's Asia Pacific Executive Committee, which is comprised of the Firm's senior business leaders within the Asia Pacific region.

Mr. Chou joined Morgan Stanley in 1987 in New York and has spent 33 years at Morgan Stanley, with the past 29 years in Asia.  Mr. Chou has led MSPE Asia's five private equity funds to date: the $330mm MSGEM Fund (1999), the $525mm Asia Fund II (2005), the $1.5bn Asia Fund III (2007), the $1.7bn Asia Fund IV (2013), and Asia Fund V, currently investing.  Mr. Chou also oversees the Firm's China RMB Fund private equity business as well as the Firm’s Thailand Fund private equity business.  Mr. Chou was also part of Morgan Stanley’s Private Equity Group in New York in the late 1980s.  

He was previously a Director of CTCI, eAccess, ECVision, HTL, Hyundai Rotem, ITest, Landmark, Ssangyong Corporation and YesAsia.  Mr. Chou holds a B.A., magna cum laude, from the University of Pennsylvania and an M.B.A. with Distinction from Harvard Business School.



Kent Chen
Neuberger Berman Asia

Kent Chen, CFA, is a Managing Director and head of Asia private equity at Neuberger Berman. Mr. Chen joined Neuberger Berman in 2015 from the Hong Kong Monetary Authority (HKMA) after 17 years of central banking career in various positions including Deputy Chief Representative of the HKMA’s New York Office and Advisor to the Executive Director for China at the International Monetary Fund in Washington D.C. From 2008, Mr. Chen helped to establish the HKMA’s private equity program. Before joining the HKMA in 1998, Mr. Chen was Head of China Research at Daiwa Securities.



Bonnie Lo
NewQuest Capital Partners

Bonnie is a founding partner and COO of NewQuest. Bonnie oversees the finance, investor relations, operations and administrative functions of NewQuest.

Bonnie has over 20 years’ experience in finance and investing. Prior to taking on the COO role, Bonnie was co-head of China business for NewQuest. Prior to founding NewQuest, Bonnie was a Director in Bank of America Merrill Lynch’s (BAML) Asia Private Equity group focusing on investments in Greater China. Bonnie has also held other positions within BAML including in the Corporate Principal Investments and Investment Banking groups. She also previously worked at 3i Group plc focusing on growth capital investments in Greater China.

Bonnie has an Executive MBA from EMBA-Global Asia, a joint program between Columbia Business School, University of Hong Kong Business School and London Business School. She received her undergraduate degree in Economics and East Asian Studies, magna cum laude, from Brown University in Providence, RI.

Bonnie also serves on the Board of the Hong Kong Venture Capital and Private Equity Association (HKVCA). Bonnie is fluent in English, Cantonese and Mandarin.



Gabriel Li
Orchid Asia Group Management

Gabriel Li is the Managing Partner & Investment Committee Member of Orchid Asia Group Management Limited, a private equity firm focused on investing in Asia specifically China over the past 20+ years.  He led the first round investment in Ctrip International (Nasdaq: CTRP) and Eachnet (sold to EBAY) for Orchid Asia.  He is also currently the Vice Chairman of the Board and Director of Ctrip, the largest travel reservation services company in China.  Gabriel is an ex-director of Autohome Inc. (Nasdaq: ATHM), Lifetech Scientific Corporation (HKSE: 8122), Zhaopin (Nasdaq: ZPIN), and Sangfor Technologies Inc.(SHE: 300454). Gabriel is currently the Director of Nirvana Asia Ltd, Qeeka Home (Cayman) Inc.

Gabriel graduated summa cum laude from the University of California at Berkeley, earned his M.S. from the Massachusetts Institute of Technology and his M.B.A. from Stanford Business School.


Varun Bery
Skye Capital

Varun Bery is a Senior Advisor to StormHarbour Securities (Hong Kong) and to Skye Capital, a family office with locations in Hong Kong, London and Tokyo. Mr. Bery also currently serves both on the Board of the Harvard Business School Association of Hong Kong and on the Advisory Board of the Jackson Institute for Global Affairs at Yale University.

Mr. Bery has been involved in Asian private equity since 1995 and previously headed TVG Capital Partners (HK) and also the Private Capital Asia Group at JP Morgan. Mr. Bery started his career at McKinsey and Company (NY) and also was formerly a Director of Investment Banking at CS First Boston (NY) and a Director at the Asian Infrastructure Fund (HK). Mr. Bery received an MBA with High Distinction from Harvard Business School and a BA (summa cum laude) from Yale University.

Mr. Bery is married with three children and lives in Hong Kong.


CHAIRMAN 2013-2015

Conrad Tsang
Strategic Year Holdings 

Mr Tsang has been in the private equity and venture capital industry for over 22 years.  Mr Tsang’s industry experience includes: education and professional services, TMT, retail and consumer products,  real estate, natural resources/mining, advanced manufacturing, automotive, healthcare, logistics, environmental products/services, energy and alternative energy, financial services etc.  The companies he has been involved with include Noah Education Holdings Limited, Minsheng Education Group (1569.HK [2]), Kangda International Environmental Protection Holding Limited (6136.HK [3]), Pansoft Group Limited, Hidili Industry International Development Limited (1393.HK [4]), Launch Tech Co Ltd (2488.HK [5]), Great Wall Auto (2333.HK [6], 601633.CN [7]), Nord Anglia Education, China Mini-Storage, Teky Holdings, Carsome,Cakap, Sayurbox, Halodoc, Zagana, Haus!. Prior to founding Strategic Year Holdings Limited, he spent 13 years at Baring Private Equity Asia (“Baring Asia”), where he was Managing Director. He was the Founding Partner of Baring Asia’s Beijing office. Prior to that, he was with Merrill Lynch Asia Pacific doing equity research, focusing on media and retail sectors. In the 1990s, Mr Tsang began his career at Peregrine Investment Holdings, where he was involved with Asian fixed income sales and marketing. Since 2016, he became Founder and Chairman of Strategic Year Holdings Limited.

Mr Tsang is currently Director and President and Co-Chairman of PRC Committee of the Hong Kong Venture Capital and Private Equity Association (HKVCA). Previously, he was Hong Kong Venture Capital and Private Equity Association’s Chairman of the Board (2013-2015). Mr Tsang is a General Member of the Hong Kong Cyberport Investors Network. Prior to founding Strategic Year Holdings Limited, he was Senior Advisor, Asia with Apollo Education Group.

Mr Tsang obtained a Master’s Degree in Management Studies at University of Oxford, United Kingdom; and a Bachelor’s Degree in Electrical and Electronic Engineering (First Class Honors) at Imperial College of Science and Technology, London, United Kingdom. He also completed an executive program on Private Equity and Venture Capital at Harvard Business School, US.

Personal Awards:
CBN Weekly, “2011-2012 Most Valuable Partners 50 in China”
Forbes China Magazine, “2008, 2009, The 50 Best Venture Capitalists in China”
Top Capital Magazine, “2008 The Best PE Investor of The Year”
China Most Valuable Venture Enterprises Awards, “2008 The Best PE Investor”
Zero2IPO Group, “2007, 2009, Top 10 PE Capitalists in China”
World Eminence Chinese Business Association, “Top 100 Most Visionary Chinese Investors (2007, 2008)”
China Venture Group, “2008 The Top 30 PE Investors of The Year”


CHAIRMAN 2007-2011

Johnny Chan
Hong Kong Cyberport Management Company Limited

Mr Johnny Chan is the Chief Investment Officer of Hong Kong Cyberport Management Company Limited. He leads the investment strategies and all aspect of the Cyberport Macro Fund’s developments. He was a member of the Cyberport Advisory Panel until September 2018.

 Mr. Chan is a Deputy Chairman of the Listing Committee of the Stock Exchange of Hong Kong and the President of the Hong Kong Venture Capital and Private Capital Association (aka HKVCA). He is the Secretary General of the Asia Venture Capital and Private Equity Council (AVCPEC) which he co-founded with 9 other Asian associations in 2011. He was the Chairman of HKVCA from 2007-2011.

He is the founder of Softech Investment Management Limited, which acted as the manager of the Government’s Applied Research Fund from 2000-2019.  He acts as an Independent Non Executive Director for several companies and the Make a Difference Institute. He was the co-Founder of Techpacific and Crosby Group  and acted as the CEO of Crosby Capital Limited from 2000 to 2013 and concurrently, Chairman and CIO of Crosby Asset Management (Hong Kong) Limited until 2016. The Crosby Group activities comprise of management of venture and private equity funds, financial advisory and wealth management.

Mr Chan obtained a BA Hons Economics from the London Metropolitan University and an MBA from Bayes Business School, City, University of London. He is a fellow of FINSIA and holds a Post Graduate Diploma of the Securities Institute of Australia.