Jesse Wu has become a senior advisor to Carlyle’s Asian buyout fund, helping to unearth deals for the US private equity firm and boost its portfolio companies in the healthcare industry. Wu previously ran Johnson & Johnson’s operations in China.

A few weeks ago, Carlyle Group was reported to be looking to raise around $1 billion for a new private equity fund to invest in Asian growth companies.

Last year, New York-headquartered Athena Art Finance launched with $280 million of equity capital led by the Carlyle Group and the private equity unit of Pictet, the Geneva-headquartered private bank.