I represent and warrant that I am a Professional Investor as defined under the Securities and Futures Ordinance (Cap 571 of the Laws of Hong Kong) and its subsidiary legislation as amended or restated from time to time to OR a person that is appropriately licensed with the Securities and Futures Commission of Hong Kong to access this Website for the purpose of acquiring information.
Templewater invests responsibly in high-quality businesses and assets and helps them to develop into great and sustainable companies
Templewater was founded by Cliff Zhang and Investec Group in 2018. Prior to founding Templewater, the two partners have been working and investing together since 2013, with extensive experience in making direct private investments across Asia Pacific and Europe, having deployed over US$6.6bn in equity and debt investments combined.
Today, Templewater is a spin-off of Investec Group’s Principal Investments Division in Asia, continuing the heritage and investment track record of the Investec Group.
1974 Founded in Johannesburg, Investec is an Anglo-South African international banking and wealth management group
Today, Investec is publicly traded in London and Johannesburg, staffed by 8,200 employees across its core geographies of the UK and South Africa, along with other locations across the globe. Investec manages GBP63.4bn as of September 2021.
1997 Investec opened Hong Kong office
2013 Cliff joined Chow Tai Fook Enterprise Limited (CTFE), focusing on private equity transactions, global M&A, and corporate development
CTFE is the flagship private investment holding company of the Cheng Family which is the controlling shareholder of the Chow Tai Fook Jewellery Group Limited founded in 1929, one of the world’s leading jewellery retailers. CTFE has a wide range of strategic investments across multiple industries. CTFE is also the largest shareholder of New World Development Company Limited, a constituent stock of the Hong Kong Hang Seng Index with assets of over US$80bn as of June 2021. CTFE, together with its subsidiaries and jointly controlled entities, has operations in more than 24 countries globally.
Investec and CTFE, together with other investors, established Goshawk Aviation
Cliff was a board of director of Goshawk Aviation, and a member of the Investment Committee and the Executive Committee.
Today, Goshawk Aviation is a top 10 aircraft leasing company of commercial aircraft globally by AUM. Goshawk’s owned, committed and managed fleet consists of 222 aircraft, on lease to 62 airlines in 35 countries.
2014 - 2017
2014 - 2017 The two partners invested together in various private equity and growth equity opportunities
Selected Deal Case: Acquisition of ICM Airport Technics in 2016 Founded in 2009, ICM specializes in the provision of self-service bag drop solutions for airports and airlines all over the world. Having processed more than 100 million bags worldwide, ICM is the established global leader in providing airports with either retro-fitted or replacement type Auto Bag Drop units. ICM operates globally with offices in Australia, France, Singapore, Japan, UK and the US. ICM was sold to Amadeus IT Group in 2019.
2018 Cliff left CTFE and founded Templewater together with Investec
First Office: Headquarter office in Hong Kong
2019 Templewater Private Equity Fund I was launched
Templewater Australian Properties Fund I was launched
2020 New Office: Shanghai
2021 Completed the spin-off of Investec’s Asia Principal Investments Division into Templewater
2023 Templewater Decarbonization Fund I was launched
Values & Culture
“At Templewater, we strive to add strategic value to every transaction over and above the capital we provide.”