Rockley bolsters team for China fund

The China-focused technology investor has added three investment professionals for its current $200m vehicle. The firm is expected to complete two 'significant' investments before the end of the Q2 2011.

China-focused technology investor Rockley Group has hired Yanong Ning as investment director and Daivd Ding as investment manager, both of whom join the investment team for the $200 million Rockley China Fund.

Ning will be responsible for the generation and management of transactions in China. He previously held a number of positions in sales, marketing and business development in the optical telecoms industry in the Asia-Pacific region. Ding has experience in the clean tech, TMT and automotive industries, having previously held the position of investment manager at Shuanliang Group, a diversified China industrial group.

The firm has also added Ella Huang as an investment associate. Huang previously was an analyst at Bain Capital, Shanghai and Somerly Group.

Rockley China Fund is an umbrella vehicle comprising two China-focused venture funds. Rockley first linked up with the Shandong High-Tech Investment Corporation and the Shandong Academy of Sciences to launch a $100 million private equity fund focused on Shandong Province in May 2009. In December 2010, the firm added an agreement with the Shanxi Small and Medium Enterprise Investment Corporation, the high technology venture fund owned by the Shanxi provincial government, to raise a new $100 million fund.

Headquartered in Beijing, both follow the strategy of backing established technology companies in the energy, environment, information and communications technology and health and safety sectors.

Rockley Chairman Andrew Rickman is the founder and former chief executive officer of optical components company Oclaro, formerly known as Bookham. Rockley is expected to complete two “significant investments” within the next quarter, according to a statement.

Rockely’s portfolio includes biobutanol company Green Biologics and Shandong Micro-sensor Photonics, China, which provides fibre optic sensor systems to the energy sector.