General Atlantic Continues to Expand Team in Asia

GREENWICH, Conn., Sept 5 /PRNewswire/ -- General Atlantic LLC (GA), a leading global growth equity firm, today announced that, effective September 1, 2007, Jeff X. Leng will join GA as a managing director in the firm's Hong Kong, China office.

This appointment reflects GA's ongoing commitment to expand its global team of nearly 70 investment professionals and its positive long-term view of China and Asia as an area for growth equity investment. Founded in 1980, GA manages approximately $15 billion, investing over $1 billion per year in growth companies globally. The firm has invested nearly $500 million in China since 2000 in industry leaders such as Lenovo and WuXi PharmaTech among others.

Mr. Leng has been an active investor in the private equity industry in China since 1999, and has deep relationships with entrepreneurs, executives, experts, advisors, government officials and regulators in the region. He has served on the boards of directors of Hayao Group (alternate), China Hui Yuan Juice, GUM Holdings, and Lepu Medical. Mr. Leng will work closely with GA's Hong Kong-based investment team, including managing director Vince Feng, who will transition to a senior advisory role at the end of the year.

William E. Ford, CEO of GA, said, "Jeff is an experienced investor who brings a wealth of regional knowledge and experience having worked with several growth companies over the years. The market in China provides significant opportunities for growth companies across GA's areas of focus. Our early presence in the region positions us well for future growth, and we are pleased to have Jeff join our team."

Mr. Leng commented, "General Atlantic is a premier global growth equity firm with a longstanding and growing footprint in Asia. I am excited about the opportunity to help continue to build the firm's presence in Asia as a partner providing both capital and expertise to growth companies. GA couples its local insight in the region with its very strong global network and broad expertise to allow it to actively add value to companies over time. I am delighted to be part of GA's dynamic and collaborative team."

Mr. Leng was most recently a managing director at Warburg Pincus, which he joined in 1999. Mr. Leng previously was in the investment banking division of Morgan Stanley, and held positions at China Southern Securities and the Ministry of Aviation of China. He received his B.S. from the Business School of Shanghai Jiao Tong University and an M.B.A. from The Wharton School at the University of Pennsylvania.

About General Atlantic

General Atlantic is a leading global growth equity firm providing capital and strategic support for growth companies. GA combines a collaborative global approach, sector-specific expertise, long-term investment horizon and a deep understanding of growth drivers to partner with great management and build exceptional businesses worldwide. Founded in 1980, GA manages approximately $15 billion in capital and has more than 70 investment professionals based in Greenwich, New York, Palo Alto, London, Dusseldorf, Hong Kong and Mumbai. For further information and a listing of GA's public and private portfolio companies see www.generalatlantic.com.