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Jack Perkowski Shifts Gears

Jack Perkowski, a former Wall Street banker, starts a private equity firm in China.

Jack Perkowski, a former Wall Street banker who founded the largest foreign-owned auto-parts maker in China, has started a private equity firm in that country. Using some of his own money and that of a few partners, the former chairman and chief executive of Beijing-based Asimco Technologies launched JFP Holdings in March.

The new firm will assist foreign companies in finding co-investors in China, as well as help Chinese companies lock onto acquisition targets abroad. Perkowski, 60, who is the managing partner, says, "China is rising, but its growth is still embryonic." JFP will focus on the environmental technology, health care, distribution-logistics, retail, value-added manufacturing and financial services industries. Perkowski, who penned , published last year, began his career on Wall Street in 1973 and started Asimco, which boasted sales of $600 million last year, in 1994.

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