Henry Chow has joined the Bridgepoint advisory board in a new position created to enhance Bridgepoint’s links with Asia. Chow has already begun work at the firm. He is based in China, where he will source opportunities for the firm’s portfolio companies to expand in the region.
Chow was previously chairman and chief executive of the Greater China Group at IBM Corporation. He was at IBM for 40 years and spent time in various locations in Asia Pacific. He also features in the 2011 Fortune List of 15 people that have had the greatest effect on the Chinese economy.
Commenting on the appointment, Bridgepoint managing partner William Jackson said: “[Chow’s] substantial knowledge of the Asia Pacific region and of China in particular will be invaluable in assisting portfolio companies with their sourcing, production and business development activities and with helping us with the evaluation of new investment opportunities in Europe where China can make a meaningful difference to their success.”
Despite building its presence in Asia, the Europe-focused firm has consistently stressed its commitment to Europe, and the move is not part of a larger plan to begin investing in other regions, according to a source close to the firm.
However, Bridgepoint is also aware of Asia’s increasing importance in the private equity industry, with many of its portfolio companies already expanding into or trading with China. The firm is confident the European businesses it invests in have the capabilities to capitalise on the country's impressive growth.
In an interview with PEI for its 1:10:100 tenth anniversary issue, Jackson cited one the firm’s portfolio companies, environmental consultancy ERM, which has increased revenues generated from Asia from 8 percent to one-third under Bridgepoint’s ownership.