Zhang Lei (investor)

Zhang Lei (Chinese: 张磊), CFA is a Chinese billionaire businessman, investor, and philanthropist. He is the founder, Chairman, and Chief Investment Officer of Hillhouse Capital Management, Ltd.

In this Chinese name, the family name is Zhang.
Zhang Lei
Born
张磊

1972 (age 48–49)
Zhumadian, Henan, China
NationalityChinese
Alma materYale School of Management
Yale University
Renmin University
OccupationBusinessman & Investor
Known forFounded Hillhouse Capital in 2005
Net worthUS$5.63 Billion (Dec 2020)[1]
TitleFounder, Chairman, and Chief Investment Officer of Hillhouse Capital Management, Ltd.

Early life

Zhang was born in 1972 in Zhumadian, a city in Henan province, in Central China.[2]

When Zhang was a teenager, he started a business buying and selling magazines in bulk. The magazines' content focused on issues of concern to Chinese society in 1990 when Deng Xiaoping rose to power.

Education and early career

Zhang received a scholarship to Renmin University of China, where he received his B.A. in Economics in 1994.[2] In 2002, he received an MBA and M.A. in International Relations from Yale.[3] Zhang translated David Swensen's book, Pioneering Portfolio Management, An Unconventional Approach to Institutional Investment (2000), into Chinese while in school and created new Mandarin words for "endowment" and "fiduciary."[2] During his studies, Zhang also worked at the Yale University Endowment.[1] He was an investment analyst for a global emerging markets fund that covered South Africa, Southeast Asia and China. After this, he was the chief representative to China[4] for the New York Stock Exchange and he established their Hong Kong and Beijing offices.[5]

Hillhouse Capital

Zhang founded Hillhouse Capital in 2005.[6] Hillhouse manages about US $50 billion of assets as of September 2018.[7] Hillhouse is a long-term fundamental equity investor. It invests globally, with a particular focus on China and Asia. Hillhouse focuses on the consumer, TMT, industrials and healthcare sectors.[8]

Executive positions

Zhang has served on or currently sits on the Board of Directors of: JD (formerly 360buy),[2] Qunar (China's largest online travel vertical), Global Mediacom (Indonesia's largest media / TV / pay TV conglomerate),[1] and Blue Moon (a Chinese household care company).[3] Zhang holds roles at the Brookings Institution[5] and he is a Governing Board Member of the China-United States Exchange Foundation,[9] a non-profit organization established with the purpose of further improving communications and enhancing understanding between the peoples of China and the United States. He is a founding board member of the United World College (UWC) of Southeast Asia Foundation and he established the Gaoli Academy at Renmin University with the goal of expanding the role of liberal arts education in Chinese universities.[5] Zhang is also Vice Chairman and Trustee of the Board at Renmin University of China.[9] He is a Trustee of the Yale-NUS College and the Chair of the Yale Asia Development Council.[9] He is also a member of the Hong Kong Financial Services Development Council.[10] In June 2016 the governing board of Yale University, Yale Corporation, appointed Lei Zhang as a successor trustee.[11]

Social responsibility

Zhang Lei donated US$8.88 million to the Yale School of Management, the largest alumni donation in the history of the school.[2] He also established Gaoli Academy[12] (高礼研究院) by donating money together with support from Renmin University.[4][13] In 2010, Zhang Lei donated $1.4 million to his alma mater Renmin University of China.[14] In 2017, he donated another $43 million for an education fund for the school[14] and gave the commencement speech to the graduating class of 2017.[15] Zhang started the Hillhouse Academy in association with Renmin University to prepare students in business for the technological revolution.[16] Zhang funded a low-budget docudrama called Kang Rinpoche (Paths of the Soul) in 2017.[17]

Zhang Lei is involved and holds roles with the BN Vocational School (BNVS) in China. BNVS started in 2005 as the first non-profit charitable vocational school at secondary school level in China that does not require fees. There are BNVS campuses in 1 foreign country: Angola and the 9 following cities: Beijing, Chengdu, Dalian, Lijiang, Nanjing, Sanya, Wuhan, Yinchuan and Zhengzhou.[18][19]

References
  1. https://www.bloomberg.com/billionaires/profiles/lei-zhang/ - Bloomberg.com]
  2. Sender, Henny. "Zhang Lei has Lunch with the FT". Financial Times. Retrieved 12 April 2015.
  3. Stevenson, Alexandra. "The Chinese Billionaire Zhang Lei Spins Research Into Investment Gold". New York Times. Retrieved 12 April 2015.
  4. "Mr Zhang Lei joins the Yale-NUS Governing Board". www.yale-nus.edu.sg. Retrieved 18 September 2020.
  5. "Brookings Announces New Trustees". Brookings. Retrieved 12 April 2015.
  6. "Lei Zhang - Hillhouse Capital Management (Beijing)". Value Investing Congress. Archived from the original on March 8, 2015. Retrieved 2 April 2015.
  7. Hu, Bei (19 September 2018). "Hillhouse Gets $10.6 Billion for Year's No. 3 Buyout Fund". www.bloomberg.com. Retrieved 2018-12-09.
  8. "Lei Zhang - Hillhouse Capital Management (Beijing)". Value Investing Congress. Archived from the original on March 8, 2015. Retrieved 12 April 2015.
  9. "Mr Zhang Lei". Yale NUS College. Retrieved 28 December 2015.
  10. "Council Membership". Financial Services Development Council. Retrieved 28 December 2015.
  11. "Yale announces new trustees, senior fellow". Yale News. 9 June 2016. Retrieved 6 July 2016.
  12. "Hillhouse Academy". Hillhouse Academy. Retrieved 2 April 2015.
  13. Dhar, Shawn. "Brookings Announces New Trustees". Brookings. Retrieved 2 April 2015.
  14. "Hillhouse Capital's Zhang Lei Establishes US$43M Education Fund For Renmin University". China Money Network. 2017-06-26. Retrieved 2017-07-16.
  15. "给中国人民大学捐3亿的张磊：用人文的情怀雕琢自己美化身边_财经上下游_澎湃新闻-The Paper". www.thepaper.cn. Retrieved 2017-07-16.
  16. Yue, Pan (26 June 2017). "Hillhouse Capital's Zhang Lei Establishes US$43M Education Fund For Renmin University". China Money Network. Retrieved 19 December 2018.
  17. "Alumni in Action". Financial Times. 31 August 2017. Retrieved 19 December 2018.
  18. "Once a Dream in Mind". BNVS. Retrieved 2 April 2015.
  19. "About BNVS". BNVS. Retrieved 12 April 2015.
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