BEIJING, Dec. 2, 2016 /PRNewswire/ -- CITIC Private Equity Funds Management Co., Ltd. ("CITIC PE"), a leading private equity firm in China, today announced that it established a communication and learning platform for its portfolio companies to enhance their management and operation capabilities. In cooperation with the Yale School of Management, CITIC Private Equity Management Institute has launched the "CITIC PE Corporate Executives Program" at Yale Center Beijing. Mr. Lefei Liu, chairman of CITIC PE and dean of the CITIC Private Equity Management Institute, Edward A. Snyder (attended via video from Yale campus), Dean of the Yale School of Management, Jonathan Fritz, Chief of Staff, U.S. Embassy in China, together with representatives from Yale University and Yale Center Beijing, and other top management team members from CITIC PE, attended the opening ceremony of the inaugural class and delivered speeches. Mr. Chengyu Fu, a Yale J.P. Morgan Program Fellow, member of the CPPCC Standing Committee and former chairman of Sinopec, was a guest speaker at the ceremony.
The "Corporate Executives Program" is a series of customized management training courses provided to the senior executives of CITIC PE's portfolio companies. The courses are designed to help enhance strategic innovation and integrated operations, and improve the management capabilities of senior executives. The program will adopt highly innovative and diverse teaching styles and methods, focusing on areas such as corporate strategy, competitive strategy, organizational reforms, cultural innovation, and brand strategy. The first module of the program will be dedicated to organizational innovation and will be taught by 'Wizard of Innovation' Dr. Richard Foster, who will give a comprehensive presentation on how to sustain a company's vitality through organizational innovation. Dr. Richard Foster has a wealth of theoretical and practical experience in enterprise innovation. His publication, Creative Destruction, was cited by the Harvard Business Review as one of the "Great Moments in Management" of the past century. The inaugural class was selected among over 30 CEOs and senior executives of CITIC PE's portfolio companies in which CITIC PE holds controlling stakes, from a variety of sectors such as Industrial & Energy, Healthcare, Financial Services, Consumption and more.
As one of the largest private equity firms in China, CITIC PE is dedicated to improving management capabilities and creating enterprise value from the investment stage through its mission of "Superior returns from our expertise, Investment for a better world". CITIC PE actively explores innovative models to help its portfolio companies upgrade their operational and management capabilities, strengthen and optimize their organizational model, promote talent development and training, and provide a stable framework for value creation. In recent years, the CITIC Private Equity Management Institute has provided training programs for its staff and management as well as its portfolio companies by building an open platform and introducing world-class educational resources, in order to implement its key talent development plan.
In addition to the opening of the "Corporate Executives Program", the "Up Study" platform under CITIC PE will regularly organize seminars dedicated to middle management in the financial, human resources, internet marketing and other functional branches, to teach the lean management model of enterprise excellence, present the latest functional management ideas, and improve the management, leadership and professional skills of middle managers. The "Up Study" platform and the Peter F. Drucker Academy will also regularly organize training courses for middle management to study the book The Effective Executive. The "Cloud School" platform under the CITIC Private Equity Management Institute is a mobile micro-learning platform, developed in collaboration with an advanced online learning SaaS platform. The platform provides a variety of interactive learning courses to help junior and middle level employees acquire both soft and hard professional skills, in order to achieve personal development as well as improve organizational learning efficiency. It serves to enhance cooperative strategies, drive business development and build organizational culture with an ultimate goal of establishing a new learning organization which is self-driven, adaptive, and continuously progressing.
Mr. Lefei Liu, chairman of CITIC PE said, "We believe that creating an innovative learning organization is an essential core competence for the sustainable development of every company. In a rapidly changing and highly competitive market, only the companies which are continuously learning will survive and prosper. The integrated training system of CITIC Private Equity Management Institute is an important measure for us to build a learning-based organizational ecology with the portfolio companies, to breathe continuous innovation vitality to entrepreneurs, so as to create and enhance enterprise value and promote win-win cooperation. The purpose of the 'Corporate Executives Program' with Yale University is to share the organizational ecology and advocate 'continuous learning and innovation to pursuit excellence'. We are committed to building companies with constant innovation prospects and long-lasting foundations."
Edward A. Snyder, Dean of Yale SOM, said, "We are pleased to be a partner with CITIC PE and to work with their prestigious portfolio companies." Snyder, who has worked with Chinese enterprises since 1993, stated as well, "Greater numbers of important and influential Chinese companies are extending their scope, both in terms of geography and products. Yale can help these leading companies to build yet more effective teams and to enhance their approaches to innovation."
One of the participants in the first training session, Mr. Feng Hou, chairman of China Water Environment, the company providing integrated water services under CITIC PE, said, "We sincerely appreciate CITIC PE and Yale University for offering this high-level learning platform to portfolio companies. Learning innovative management ideas and having access to cross-culture and cross-industry thought exchange enables us to expand our understanding of management, and brings us a new perspective for understanding strategy, reform and innovation."
About Yale Center Beijing
The Yale Center Beijing advances Yale University's fundamental dedication to developing leaders from all sectors of society and all regions of the globe. By leveraging Yale's wealth of resources as a global research university and its historically strong ties to China, the center aims to further constructive dialogue about pressing issues and the forthright exchange of ideas and knowledge among decision makers and thought leaders.
The Center, which is housed in a 16,500-square-foot space in the Chaoyang District of Beijing, enables the University to expand existing activities and form new partnerships with organizations in China, supports research and study from each of the University's schools and divisions, and serves as a gathering place for alumni from throughout Asia.
About CITIC PE
CITIC Private Equity Funds Management Co., Ltd. ("CITIC PE") was founded in June 2008, following approval by the National Development and Reform Commission of the PRC. CITIC PE adheres to a strategic vision of "becoming one of the most trusted world-class asset management company", and is committed to identifying and improving the value of portfolio companies, creating superior returns for fund investors, and achieving multi-win cooperation through in-depth industry research, precise investment decisions, efficient operation management, professional value creation services, and sustained consolidations through mergers and acquisitions. Through years of development, CITIC PE focuses on core sectors, such as Industrial & Energy, Healthcare Services, Consumer & Leisure, Financial Services, New Energy, Technology, Internet and Pharmaceuticals, and combining investments in both equities and debts. CITIC PE has made multiple successful investments leading to extensive market influence. As of November 2016, CITIC PE has invested in over 100 portfolio companies, with more than 30 of these companies going public in onshore or offshore markets. With an AUM of nearly RMB100 billion in eight funds and strong support from more than 200 local and international premium investors, CITIC PE has grown into one of the leading alternative asset management companies in China.
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SOURCE CITIC PE