HarbourVest Partners (“HarbourVest” or the “Firm”), a leading global private equity manager, today announced that the Firm plans to establish a local presence in Beijing, China, which will be led by Ms. Sally Shan. Sally Shan will join HarbourVest Partners (Asia) Limited as a Managing Director, effective May 15.

HarbourVest is pleased to welcome Sally Shan to the firm. Her familiarity with both private equity and capital markets in China and globally will be a valuable complement to our team,” said Sebastiaan van den Berg, Managing Director of HarbourVest (Asia) Limited.  “HarbourVest has demonstrated a strong, long-term commitment to China. We made our first commitment to a China-focused private equity fund in 1987.  Given the continued growth of opportunities in China, a local presence in the market will enhance our investment platform and relationships with institutional investors and general partners.”

Asia has been an important market for HarbourVest for more than two decades. The firm was an early private equity player in the region, making its first investment in a local fund manager in 1984 and establishing a presence in Hong Kong in 1996 and in Tokyo in 2010. Over the past three decades, the team has committed more than $2.4 billion to fund managers, secondary transactions, and direct co-investments in Asia. Establishing a physical presence in China will deepen HarbourVest’s engagement across the region.

“2012 marks the 30th year HarbourVest has been managing private equity for institutional investors, and we are pleased to mark this occasion by expanding our local presence with a team in Beijing,” said Brooks Zug, founder and Senior Managing Director of HarbourVest Partners, LLC.

Ms. Shan joins HarbourVest from JP Morgan Securities Asia Pacific, where she was Managing Director and Head of Asia Technology Investment Banking for the past six years.  She has a strong combination of experience in the technology industry, equity and M&A deal execution, and private equity through her role at JP Morgan as well as earlier roles at Lehman Brothers (Global Technology Investment Banking in Silicon Valley and New York) and Asia Strategic Investment Corp in Beijing.

Ms. Shan received a BS in Finance from Renmin University in Beijing in 1992 and an MBA from Yale University in 1997.