Tong Departs Providence Equity Partners

Providence Equity Partners managing director Sean Tong is leaving the firm this month to join Mary Ma's $1 billion China-focused fund, Boyu Capital, Reuters reported. Tong is the co-head of Providence’s Hong Kong office. He is the latest in a slew of Chinese private equity executives to leave global firms in favor of start-up China-focused funds. The news of Tong’s departure was first reported by Fortune.

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