Yang Fan

Yang Fan (樊扬) is a CFA charterholder and career private-equity/development-finance investor focused on Chinese businesses. His disclosed education includes a Master's degree in Economics from Macquarie University (Australia) and an EMBA from Tsinghua University. He began his investment career in the China office of the International Finance Corporation (IFC), the private-sector arm of the World Bank Group, working on direct investments in Chinese companies.

He subsequently moved to CITIC Private Equity Funds Management (CITIC PE / 中信产业投资基金, today branded "CPE 源峰"), where Chinese regulatory filings list him as an Investment Director and where he later rose to Managing Director. CITIC PE was launched in June 2008 as the private-equity arm of CITIC Securities and spun off as an independent firm in 2018; it is one of China's largest PE houses, reportedly managing roughly US$14 billion (2024), with LPs including sovereign investors such as GIC and Temasek. The contact details on file ([hidden], Hong Kong number 852-3798-8688) correspond to this CITIC PE / CPE affiliation.

More recently he has held Managing Director roles on the Asia private-equity team of CPP Investments (CPPIB) — entities such as "CPPIB PE Investment Asia Limited" appear in his disclosures — where CPPIB deploys capital into China both directly and through funds. He has also been named as an independent director at Zhong Ou Fund Management (中欧基金), a Shanghai-based mutual-fund manager, reflecting a governance/board role alongside his investing career.

• Later-stage growth equity and private equity in China, consistent with CITIC PE / CPE's model of taking meaningful minority (and some control) stakes in established companies rather than seed/angel bets.
• Sector coverage spanning industrials, consumer, healthcare, technology/internet, and financial-data services — CITIC PE's portfolio spans exactly these areas.
• A cross-border, institutional orientation: his roles at IFC, CITIC PE's Hong Kong desk, and CPP Investments all center on channeling global institutional capital into Chinese growth companies.
• Emphasis on value creation and operational improvement in portfolio companies (in-depth industry research, disciplined investment selection, and post-investment operating support) — the standard CITIC PE playbook he was part of.