HONG KONG, Feb. 22 /Xinhua-PRNewswire/ -- Orchid Asia Group Management,
Limited ("Orchid Asia") today announced the final close of its fourth fund,
Orchid Asia IV, LP (the "Fund"), at the fund cap with US$420 million of
equity commitments. The Fund closed meaningfully above its initial target
of US$350 million and was significantly oversubscribed. The Fund will
continue the success of its previous fund investments in China focused
growth capital by building a diversified portfolio with an emphasis on
backing executives in expansion opportunities.

    The Fund has capital commitments from Asia, Europe, the United States
and the Middle East that represents a global pool of private capital
sources including independent private banks, university endowments,
insurance companies, investment institutions, strategic individual
capitalist and high net worth family offices. "We are grateful for our
investors' continuing support and faith in us. We will continue to deliver
successful investments in the tremendous growth opportunities arising in
China. We are excited to see the number of investment opportunities in such
an active and evolving economy in China," says Gabriel Li, Managing
Director of Orchid Asia.

    With offices in Hong Kong, Shanghai, Beijing, Guangzhou and San
Francisco, Orchid Asia has been investing in China for over 16 years and is
one of the first international private equity investors in China. Orchid
Asia led the first round investment for Ctrip.com International (Nasdaq:
CTRP), a leading travel service provider specialized in discounted air
ticket and hotel reservation in China, which returned over 20 times the
initial investment; and invested in the first round of Eachnet, the largest
online auction company in China, which was subsequently sold to eBay
(Nasdaq: EBAY) for about 5 times return.

    Orchid Asia is managed by a team of professionals solely dedicated to
making private equity fund investments in China. The team has a balanced
mix of operations, consulting, banking and private equity experience from
Goldman Sachs, Carlyle, McKinsey & Co, KPMG, Boston Consulting Group,
General Electric, Hewlett-Packard, Swire and Li & Fung.

    Orchid Asia's investment strategy is to focus on partnering with
experienced operating executives who possess outstanding character,
intelligence and drive, rather than buying cheap assets. "We are very proud
of the high quality CEOs in our portfolio companies. They have excellent
operating experience from domestic and international companies such as
Oracle, Procter & Gamble, Huawei and ZTE; and based on our investment
experience in China, the major reason why an investment does poorly has
much to do with management. Therefore, we hope to attract the highest
quality management teams to be our operating partners in our investments
going forward," says Li.



    Contact person:

     Vivian Wong
     Tel:   +852-2115-8017
     Email: vwong@orchidasia.com

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