David Rockefeller, the American banker, philanthropist and presidential adviser, died at 101 on Monday.

David Rockefeller, at the time of his death, was worth an estimated $3.3 billion, making him the planet's 604th richest person, according to Forbes' real-time billionaire rankings and earlier this month, he was named the oldest billionaire in 2017 Hurun global rich list. His grandfather John D. Rockefeller who established Standard Oil was the first American billionaire.

The first cooperation between Rockefeller family and China in investment was in the year of 1863 and John D. Rockefeller managed to sell oil in China when he was 24. 

Rockefeller Foundation, founded in 1913, has made important contributions to China in various fields, from biology, chemistry and physics to archaeology, genetics, agronomy and economics. It has donated over 107 million U.S. dollars to found Peking Union Medical College as the first public health university in China. 13 comprehensive universities including Yenching University got its grant and it helped Tsinghua University to establish biology department.

In 2011, Rockefeller family tested the water for private equity fund (PE). Rose Rock (Tianjin) Private Equity Co., Ltd. was set up as a joint venture by Rose Rock Capital Group and Tianjin Innovative Finance Investment Co., Ltd. and Young Steven C. Rockefeller III is the managing partner of this company.

Email: zhanglingxiao@nbd.com.cn