Travel agency Ctrip has teamed up with private equity firm General Atlantic to capture investment opportunities in the fast-growing Chinese tourism sector.
Together they are backing Ocean Link, the first private equity firm focused on the sector, which has gathered $400 million for deals and is looking to raise more capital this year from other investors.
“Both the sector and the private equity investment world in China are becoming very competitive so having a sector focus is critical in identifying opportunities, making the right judgment call and for portfolio management,” Tony Jiang, a partner at Ocean Link, told FinanceAsia in an interview.
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