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Established in China, LEAP Partners is a team of professionals specialized in cross-border

investments serving clients in both China and the United States. LEAP Partners was created by

Mr. Jeffrey Sheng, who has 28 years of experience in operations, consulting, business

development and investments; both in Asia and the US. He is joined by a select group of

seasoned private equity professionals having the insight and knowledge of the attraction that US

middle market companies bring to Asian investors.

LEAP team has strong connections to the investment communities in both China and the U.S.

Our first round commitment fund will be targeted at $500 million and plans to invest into 25-30

targeted private US mid-market companies. LEAP team is looking to form a Joint Venture with

one or two Strategic Partners. This is an innovative investment firm specialize in customized

solutions for both Chinese and US investors in private equity strategy, targeting an IRR between

20% and 30%, and family office services. We plan to raise our first committed fund of $500

million with long term goal of ten billion US dollars AUM by 2030.

Highlights:

• PE Strategy

• Operational Innovation

• Customized Family Office Services

• Multi Billion AUM

PE Seeder Strategy

PE seeder strategy will enable us solve two problems at the same time:

• Sufficient deal flow origination, for our fund II, targeting 1 billion or even more capital to be invested out to more than 50 target companies within two years

• Higher return by combing Asia alpha and seeder’s long term carry sharing

Our target IRR is more than 20% and this is totally achievable by combining:

• Middle market; Selected sectors; Growth potential;

• Asia market expansion; Exit channel development; Cross-border M&A

• Cooperation with Chinese GPs and their portfolios as well as wealth managers;

• Emerging manager with superior return; Seeders’ long term carry sharing;

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Operational Innovation

Time and Cost Efficiency

It takes long time for each level manager to get

the committed fund and each level money

manager charges a consulting fee or

management fee. By cutting all intermediaries,

LEAP team largely save time and cost.

Progressive GP Partnerships

LEAP Alpha will partner with GPs in different forms such as co-invest, co-transact, co-manage,

and seeded fund.

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Customized Family Office Services

LEAP team would cooperate with a Multi Family Office or Single Family Office that supports

our PE Seeder Strategy and provide comprehensive family office services. To approach to Asia

market, US family offices could make full use of our existed widespread connections and deep

understanding of Chinese clients’ demand. We could provide one or more of the following

solutions, thus lowering time, cost and uncertainty for family office:

• PE seeder strategy

• Other mid teen return product development

• Traditional family office services

• Set up new single family office(s) for Chinese clients and expand to a MFO

Multi Billion AUM

This is a scalable business model as more and more oversea asset allocation and cross border

acquisitions arise between US and China. One of the most valuable assets we bring to this

platform is by integrating our connections with Chinese asset managers, GPs, financial

institutions, acquirers, and investors. There are hundreds of emerging managers come out in

market every year. We could always bring these parties from both China and US, as long as they

have synergies on our platform, either in fund raising, deal origination, ongoing financing,

strategic partnership, exit channel development, or cash out opportunities.

Values LEAP team Could Add to Strategic Partner

A committed fund of $500 to the joint venture by the end of 2017

Long term benefits through the growth of business, expected AUM of ten billion by 2030

Generate Asia alpha through Asia market expansion, ongoing financing, cooperation with

Chinese strategic partners, or acquisition opportunities to Chinese acquirers

Higher return resulting from seeding emerging managers in deals with China angle

Share management fees and carry from other sectors may not have access to

Introduce Chinese LPs interested in Strategic Partner existed or upcoming strategies

Attract US and global LPs interested in PE Seeder Strategy

Partnership with Chinese GPs in the same sector, bringing more capital and resources

Brand recognition as the first US customized solution provider for Chinese clients

Cash out of either LEAP Alpha or seeded managers to Chinese asset management firms

Other value we could bring upon request

LEAP Alpha will very likely be acquired by a Chinese asset management firm at some point, to ensure ongoing

resources from China