Tishman Speyer, CreditEase team up to invest $1.4b in China

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U.S. 100 dollar banknotes and Chinese 100 yuan banknotes are seen in this picture illustration in Beijing, China, January 21, 2016. REUTERS/Jason Lee

New York-based developer Tishman Speyer is teaming up with China’s CreditEase Wealth Management to invest $1.4 billion in China and other countries within the next three years.

The strategic partnership is aimed to extend “global cooperation in resource sharing, fund investment, buyouts and business development,” the firms said in a joint statement.

“CreditEase Wealth Management and Tishman Speyer share a common value – we’re both dedicated to serving clients. We look forward to further strengthening our relationship as we seek more joint investment opportunities in China and in best-performing markets elsewhere,” Rob Speyer, CEO of Tishman Speyer, said.

Tang Ning, founder and CEO of CreditEase, said that the partnership will focus on long-term development and clients’ authentic needs in the coming one or two decades by providing them globalized and diverse portfolios, rather than just meet their short term or tangible needs with fixed-income or domestic products.

“Our cooperation will definitely set new records in the future and keep accelerating the business while maintaining carefulness and diligence. Our goal is to ensure the return for clients in a world full of uncertainty,” Ning said.

He added that many of the company’s projects rely on post-investment management to unlock values. Tang believed that with growing global client base, CreditEase would become as globalized as Tishman Speyer in the next three to five years.

“We are responsible for our global shareholders,” he said.

“We will soon open a wealth management business in the US to serve the needs of overseas Chinese as well.”

CreditEase Wealth Management is the wealth management arm of CreditEase, which focuses on global asset allocation services for high net worth individuals and investors. It offers a wide range of services and products available in multiple currencies for onshore and offshore investments in the areas of fixed income, private equity, capital markets, hedge funds, real estate, insurance, as well as investment immigration and international education.

Its parent company, CreditEase, is a fintech company specializing in small businesses and consumer lending in China.

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