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CARLYLE 2020


VALUE CREATION AND IMPACT ARE AT THE CENTER OF EVERYTHING WE DO.

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2022 Annual Report

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LING YANG

Ling Yang is a Managing Director at Carlyle. She is co-head of Carlyle Asia
Healthcare and is primarily responsible for Carlyle’s healthcare investment and
portfolio activities in China. Ms. Yang began her career at Carlyle focusing on
healthcare for the U.S. Buyout group and joined Carlyle Asia in 2011. Since
joining Carlyle Asia, Ms. Yang has led investments into leading healthcare
companies in China including Hutchmed, Adicon Clinical Laboratories, Ambiopharm,
Microport Scientific Corporation, Meinian Onehealth, and Shenzhen Salubris
Pharmaceuticals. She chairs the board of Adicon Clinical Laboratories and is a
member of the boards of Ambiopharm and Shenzhen Salubris.

Prior to Carlyle Asia, Ms. Yang worked in private equity at KKR in Asia and in
investment banking at Goldman Sachs in the U.S.

Ms. Yang graduated summa cum laude with a B.A. in economics and computer science
from Smith College and received an M.B.A. from Harvard Business School.

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