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Adam Roseman, CEO of ARC Investment Partners, a Beverly Hills-based private equity firm.
The recent 2010 China RMB Funds Forum that took place in early September received its sponsorship from China Entrepreneurs. This organization is “dedicated to fostering the growth of entrepreneurship in China” as well as seeking to connect the different facets of the country’s business community by giving entrepreneurs the opportunity to “interact and build mutually-beneficial relationships.” There are domestic as well as foreign members involved in the organization. Adam Roseman, Founder and Managing Director of ARC China, spoke at the event.
Certainly, in order to do business in another country, there are many things that you must take into consideration. For those who have been successful at doing business in China, like ARC China with Adam Roseman, they have followed through with these tips, and have found many of their own as well.
Before investing in China, you need to understand the culture of the country. Particularly if your company is going to open an office in China, like ARC China has done, you’ll need to truly invest time and energy into getting to know their work ethic, policies, ways of operating and more.
Next, make sure to get to know China’s business culture. What works in the American business world does not, necessarily, work in China. You’ll need to figure out which region of China to focus your energies on, and will need to learn how the local people think and do business.
You’ll need flexibility and adaptability to say on top of your business practices there.
Founding Member of the Board of Directors at Generation NeXt Adam Roseman, is involved in a whole slew of important charitable events. This particular venture is “an exciting new initiative featuring a national seminar series and supporting resources aimed at protecting and enhancing the wellbeing of our children and teenagers.” The organization was set up to “help address the rising tide of mental, social and emotional challenges affecting young people in our increasingly complex world.” It helps all those individuals who assist troubled youngsters get the right information, advice and services on “how to deal with these unprecedented challenges.”
Adam Roseman participates in many charitable events, and serves on various boards working for the community. One of these is the Board of Governors of Cedars-Sinai Medical Center which raises significant monies for the development of various units in the hospital. Most recent news is the Institute’s opening of an innovative 30-bed in-patient unit “dedicated to providing advanced heart failure patients with an intensive, multidisciplinary approach to inpatient care.” This new unit is set to “improve upon the standard of care by providing, among other innovations, a team approach to patient management, real-time monitoring of heart function, and intensive education of patients and families as to how to make heart-healthy lifestyle changes and avoid repeat hospitalizations.” The unit is the first of its kind in California.
In the most recent ARC China weekly newsletter, Adam Roseman wrote that China is soon going to overtake Japan as the second largest economy in the world. He reports that this is changing “everything from the global balance of military and financial power to how cars are designed.”
China almost surpassed Japan in 2009, but it certainly set to do so in 2010. They are already the biggest exporter, auto buyer and steel producer and their worldwide influence is continually growing.
As Adam Roseman of ARC China wrote, “The rise of China wasn’t new, either, of course. But the speed at which the shift is taking place, and the fact that China has remained so stable and prosperous during the financial crisis has called into question Japan’s export-based growth model. China is moving up the food chain faster than anyone thought possible, and even beginning to challenge Japan at the very core of its economy: high-end manufacturing.”
Adam Roseman of ARC China discussed the exceedingly rapid growth of the Chinese economy in a recent interview on FOX Business News. Reiterating that although in many cases companies are experiencing double digit growth, they however lack many of the western style corporate strategies and controls which would make them good companies for the public marketplace.
It is the task of Adam Roseman and ARC China to go into these companies, and prepare them for the public sector by introducing these companies to, “the institutionalization of particular western management styles; strong internal controls, solid corporate governance,” and in a lot of instances a lack of a forward looking vision for the company.
In an interview with Fox Business News, Adam Roseman of ARC China was asked to explain a little bit about what he and his investment company is doing in China and what investors can expect from ventures in the Chinese economy. Adam Roseman explained that, “The phenomenal thing specifically for a western investor is to enter the Chinese market and find opportunity after opportunity. (Chinese companies in many cases are) very rapidly growing businesses, growth (even) in the double digits.”
Adam Roseman continued to explain that his investment firm, ARC China, helps these fast growing Chinese companies to incorporate many western style corporate management controls and strategies so that these companies can eventually enter into the realm of public corporations in which private investors can put money into these companies via the stock market.
As the CEO of ARC China, Adam Roseman is entrenched in the business world. At the same time, he is committed to charitable causes and to helping others both financially and with his time.
When asked about his philanthropic work, Adam Roseman said, ““We measure our success not only by our business results, but by our performance as compassionate people giving back what we can,” Roseman stated. “Philanthropy has evolved beyond check writing to promoting real passion and involvement in charities of choice among all business leaders. Philanthropy is not just about giving money to worthy causes, it is about individual and company participation as local, national and global citizens.”
In December of 2009, ARC China announced the launch of their RMB private equity platform. ARC China, with founder and CEO Adam Roseman, partnered with the People Republic of China’s National Development and Reform Commission International Cooperation Center. In addition, they partnered with the Westly Group, a venture capital firm based in California led by Steve Westly and Mike Dorsey.
This fund management platform includes a collection of RMB funds with local Tier II and Tier III partner in each region and focuses on investments in entrepreneur-owned businesses. These businesses can expect to receive capital, extra corporate governance, and an international network and institutional management sophistication from the ARC China team.
As Adam Roseman ARC China explains, “ARC China is pleased to announce its partnership with one of the important government entities and a leading venture capital on the rollout of its RMB fund management platform. We believe that with the launch of this fund management platform, we are well positioned to establish our position as a leading investment firm in the highest growth sectors and regions of the PRC, the world’s primary growth engine of the 21st Century.”
The best CEOs in the business have certainly learned how to turn challenges and tragedies into opportunities. Adam Roseman is no exception. After surviving an earthquake in the Sichuan province in May of 2008, Adam Roseman explains, “I said to myself that as a result of this tragedy and the fact that I’m OK, I want to do something.”
He renamed a private equity firm that he had founded ARC China, and started to focus on investment opportunities in China’s second and third tier cities.
Roseman explains that today’s secondary and tertiary ranking cities in China are grossly undeserved, mostly since China’s financial distribution channels are still forming. As CEO of ARC China, Roseman and his firm are bringing their business expertise to help entrepreneurs and their staff in China to see how Western-style corporate governance can benefit their companies.
ARC China has invested $2 million in Wowo, local retail convenience store chain, and have also invested in Capture Advance, a Sichuan based firm that mines iron ore in Malaysia for import to China.
Stay up to date on the economic news from China. Gain insight from leading investors in the Chinese market, like Adam Roseman of ARC Investment Partners. Follow the economic trends and changes occurring in the global marketplace, as they relate to changes taking place in China.