Income Partners was set up in 1993.

Sequoia China is now a strategic investor in Income Partners, an independent Asia fixed income asset manager primarily overseeing single issuer and sovereign bonds across US and local Asian currencies. 

Income Partners remains privately managed and led, however, by its co-founder and chief investment officer Emil Nguy. 

“The partnership between Income Partners and Sequoia China is one of synergy, rapid growth and a shared vision for Asian fixed income asset management,” Sequoia China said in a statement. 

The partnership will enable Income Partners to expand its investor base, rapidly establish its brand position in China and adopt artificial intelligence and big data technology in fixed income investment, Sequoia China said. 

Nguy said: "The real game changer in the financial markets recently is the opening up of China's fixed income markets, as illustrated by Bond-Connect, direct, quota-less access to the China Interbank Bond Market, and the gradual inclusion of RMB in the world bond indices. Allocation to RMB by institutions is no longer a question of if, but a question of when, and our partnership with Sequoia China will bring us closer to our goal of becoming the pre-eminent fixed income manager in Asia at a time when global institutions will be required to allocate to RMB.”