# Kashgar Tianfu International Trade

Kashgar Tianfu International Trade is a Corporate Investor based in Kashgar, China.

## Overview

- **Organization type:** Corporate Investor
- **Headquarters:** Kashgar, China
- **Region:** Asia
- **Address:** Kashgar, Xinjiang, China
- **Assets under management:** Undisclosed

## Regulatory record

- **Reports private funds:** No

## About

Kashgar Tianfu International Trade is a corporate investor based in Kashgar, China, with a regional focus on Asia.

## Sectors

- Private Credit
- Real Estate
- Education

## People

- Fang Bai — Executive Director and General Manager

## Questions

### What is the firm's relationship with the Kashgar state-owned investment group?

The Kashgar State-owned Assets Investment and Operation Group is a local strategic partner. The precise legal or financial architecture of the partnership is not publicly disclosed, but the arrangement provides the firm with regional policy alignment while Fang Bai retains controlling ownership.

### Does the firm invest in fund commitments or only direct deals?

Kashgar Tianfu International Trade does both. Its portfolio includes a limited partnership stake in Panxin Mezzanine (Shanghai) Investment Center, demonstrating a willingness to commit to external pooled vehicles, alongside direct investments like the Ningbo Sanli Yongheng real estate project.

### What was the firm's role in the EIC Education acquisition?

The firm partnered with Digital China, a publicly traded IT services conglomerate, to acquire EIC Education. The transaction took a major study-abroad advisory platform private, marking the firm's most prominent control-oriented equity investment outside its core mezzanine strategy.

### Which sectors does Kashgar Tianfu International Trade explicitly target?

Known investments cluster in private credit, real estate, and education services. The firm applies mezzanine structures across these sectors, with a geographic bias toward projects that originate in western China or have a Xinjiang nexus, extending eastward to Ningbo and Shanghai as opportunities arise.

## Related profiles

- [Karya Capital Management](https://altss.com/profile/karya-capital-management)
- [Kasikornbank](https://altss.com/profile/kasikornbank)

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Last updated: 2026-06-03T20:00:00.000Z

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