New Enterprise Associates Names Carmen Chang Partner And Managing Director,
MENLO PARK, Calif., April 16, 2013
MENLO PARK, Calif., April 16, 2013 /PRNewswire/ -- New Enterprise Associates,
Inc. (NEA), a leading global venture capital firm, today announced that Carmen
Chang has been named Partner and Managing Director, Asia (Ex-India). This
newly created role reflects NEA's strategic focus on building a unified global
organization that actively invests in Asia and supports its U.S.-based
portfolio companies operating or conducting business in these important
Ms. Chang, who joined NEA as a Special Senior Advisor last year, will continue
to be based in the firm's Menlo Park office but will spend about one-quarter
of her time in China and other emerging markets in Asia. Her initial focus
will be on enhancing the firm's deal flow and brand in China and other Asian
markets. Ms. Chang will be working closely with Xiaodong Jiang, Managing
Director of New Enterprise Associates (Beijing), Ltd., to further deepen NEA's
"In building out NEA's global platform over the last decade, we've learned
that we work best as a deeply integrated team," said Scott Sandell, NEA
General Partner and head of the firm's activities in China. "As our U.S.
portfolio has become increasingly engaged in Asia, alongside the growth of our
China practice, it's critical that we are fully able to leverage NEA's global
strength to help our entrepreneurs succeed in both geographies. Carmen, a
widely-respected pioneer in U.S.-inbound investing and partnering in China, is
already deeply engaged in NEA's U.S. and China operations. We're very excited
to formalize her role with this appointment."
NEA first invested in China in 2003, established a local presence in 2005, and
today has affiliate offices in Beijing and Shanghai. The firm has invested
over $400 million in more than 30 portfolio companies across a range of
sectors and stages, including SMIC, Spreadtrum, CITIC Pharmaceuticals
(acquired by Shanghai Pharma), LianLian Pay, and Uni-Power Group.
Prior to joining NEA in 2012, Ms. Chang was a Partner at Wilson Sonsini
Goodrich & Rosati (WSGR), where she led the WSGR's China practice. Ms. Chang
has been involved with many of the seminal technology transactions and
companies in China, including the first foreign investments in China Netcom;
companies such as Lenovo, Foxconn, Google, Tencent, Netease, CEC, China Mobile
and others; the IPOs of SMIC, Spreadtrum, and others; and numerous
acquisitions and mergers.
In addition to her role with NEA, Ms. Chang is an affiliate of the Center for
International Security and Cooperation at Stanford University and a fellow for
the Rock Center for Corporate Governance, a joint initiative of Stanford Law
School and the Stanford Graduate School of Business. She also serves on the
board of directors of AAC Technologies Holdings, Inc., one of the world's
foremost vertically integrated manufacturers of miniature components.
New Enterprise Associates, Inc. (NEA) is a leading venture capital firm
focused on helping entrepreneurs build transformational businesses across
multiple stages, sectors and geographies. With approximately $13 billion in
committed capital, NEA invests in technology and healthcare companies at all
stages in a company's lifecycle, from seed stage through IPO. The firm's long
track record includes more than 175 portfolio company IPOs and more than 295
acquisitions, including investments in technology leaders like Data Domain,
CareerBuilder, Diapers.com, Fusion-io, Groupon, Juniper, Macromedia,
Salesforce.com, TiVo, and Workday. In the U.S., NEA has two offices in the
Washington, D.C. metropolitan area and one in Menlo Park, California. In
addition, New Enterprise Associates (India) Pvt. Ltd. has offices in Bangalore
and Mumbai, India and New Enterprise Associates (Beijing), Ltd. has offices in
Beijing and Shanghai, China. For additional information, visit www.nea.com.
SOURCE New Enterprise Associates, Inc.
Contact: New Enterprise Associates, Kate Barrett, +1-301-272-2318,
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