HONG KONG, November 30th, 2017 – Sequoia China has become a strategic investor of Income Partners, a leading independent Asia Fixed Income asset manager managing primarily single issuer and sovereign bonds across both US Dollar and Asian local currencies, with a focus on offshore and onshore Renminbi. Income Partners remains privately managed and led by its Co-Founder and Chief Investment Officer, Emil Nguy.

The partnership between Income Partners and Sequoia China is one of synergy, rapid growth and a shared vision for Asian fixed income asset management.

Partnering with the leading investor Sequoia China enables Income Partners to further expand its investor base, rapidly establish its brand position in China and adopt leading AI and big data technology in fixed income investment. Income Partners was established since 1993 and has one of the longest and most successful track records in Asia for managing both long only and hedge fund credit products.

Emil Nguy, Co-Founder and Chief Investment Officer of Income Partners said, “The real game changer in the financial markets recently is the opening up of China’s fixed income markets, as illustrated by Bond-Connect, direct, quota-less access to the China Interbank Bond Market, and the gradual inclusion of RMB in the world bond indices. Allocation to RMB by institutions is no longer a question of if, but a question of when, and our partnership with Sequoia China will bring us closer to our goal of becoming the pre-eminent fixed income manager in Asia at a time when global institutions will be required to allocate to RMB. The ecosystem that Sequoia China has built will greatly assist Income Partners’ onshore fund management as well as overall business, as we look to enhance our existing research with big data and expanding our research capability.”

Neil Shen, Founding and Managing Partner of Sequoia China said, “Traditionally, investors have thought of investing in China in terms of investing in listed or private equity. With China opening and institutionalizing its fixed income markets, we believe the Chinese fixed income asset management market is prone to disruption as the broader Chinese fixed income market continues to mature and grow rapidly. We are excited to be assisting Emil and his team to establish Income Partners as the go-to manager for managing Asia and onshore / offshore Chinese credit.”

ABOUT SEQUOIA CHINA

The Sequoia team helps daring founders build legendary companies. In partnering with Sequoia, companies benefit from our unmatched community and the lessons we’ve learned over 45 years working with Apple, Cisco, Oracle, Google, Alibaba, Airbnb and JD.com among many others. As “The Entrepreneurs Behind The Entrepreneurs”, Sequoia China focuses on four sectors: TMT, healthcare, consumer/service, and industrial technology. Over the past 12 years we’ve had the privilege of working with more than 300 companies in China, including Alibaba, Ali Pictures, AutoNavi, Beta Pharma, BGI, Deppon Logistics, Dianping, Didi, DJI, Ganji.com, Hero Entertainment, JD.com, Jumei, Meituan, Meilishuo, Momo, Noah, Ourpalm, Plateno Hotels Group, Qihoo 360, Sina.com, SINNET, Snibe Diagnostic, Toutiao, VanceInfo, VIPshop, Wanda Cinemas, Weigao Group, Yuwell Medical, ZTO Express. Sequoia has operations in China, India and United States.

HONG KONG, March 16th 2020 - Income Partners Investment Management (Shanghai) Limited, a wholly foreign-owned enterprise (“WFOE”) of Income Partners, a leading independent Asia Fixed Income asset manager managing US Dollar and local currency Asian bonds, with a focus on Renminbi, has completed its private fund manager registration (“PFM”) with the Asset Management Association of China (AMAC), joining the ranks of 24 other WFOE PFMs.

The WFOE PFM registration is a key milestone and a true testament of Income Partners’ dedication in the Chinese fixed income markets. Prior to obtaining the WFOE PFM, Income Partners was amongst the first batch of non-mainland background asset managers to receive the RMB Qualified Foreign Institutional Investor (“RQFII”) quota in 2013 followed by the launch of our RQFII RMB Bond Fund. Prior to that, Income Partners was also amongst the first to launch offshore RMB bond products in 2010 and 2011, respectively.

Emil Nguy, Co-founder, CIO & CEO of Income Partners said:

“We started with a vision in 1993 that China will become the biggest bond market after the US. Today, we are proud to be among the first of our kind to be able to participate in the continued opening-up of China’s fixed income markets through the WFOE PFM registration. We have stayed true to our founding vision by focusing on Asia fixed income only, and maintaining the single business of investment management, with the aim to serve our clients without conflict, and with the highest standards expected by international and institutional investors. The WFOE PFM registration allows Income Partners to provide services directly to onshore qualified investors. While we continue to leverage our expertise to help foreign investors allocate in this space, Income Partners can now serve onshore qualified investors who are looking for a dedicated fixed income specialist with high international standards.”