Cultivating full-spectrum, multi-tier private equity investment capabilities
CICC Capital Management Co., Ltd. (“CICC Capital” or “the Firm”) is the flagship platform of China International Capital Corporation Limited (CICC) for its global private equity businesses. The Firm is committed to becoming a globally leading private equity manager with an impactful brand, a large and stable investor base, superior investment capabilities, and prudent and efficient mid-and-back offices.
The Firm’s product portfolio has been expanding steadily along three dimensions – investment strategy, industry focus, and geographical area. Currently, the Firm runs government-backed funds investing in emerging industries, funds focusing on restructuring of traditional sectors, USD and RMB funds of funds, and USD and RMB private equity funds with various strategies including venture capital, growth, buyout and distressed investment. With a total AUM of around RMB300 billion and about 300 high-caliber professionals in its staff body, CICC Capital has become a leading private equity brand in China.
Looking ahead, CICC Capital will continue to explore different asset classes, develop innovative business models, broaden its investment capabilities, strengthen its risk management systems, and enhance the value of its brand, so as to deliver strong returns to the investors of its fund products over the long term.
CICC was among the first securities firms in China to obtain a direct investment license. With the philosophy of leveraging the CICC business platform to provide value-added services to portfolio companies, we invest in high quality, non-listed companies with long-term growth potential, sustainable and competitive advantages, and high-caliber management teams. We have built a diversified portfolio that covers a broad range of industries including healthcare, consumer, technology, Internet, clean-tech and advanced manufacturing.
Fund of Funds
The CICC Genesis Fund is China’s first government-guided fund combining VC FoF with direct investment and focusing on the emerging industries. CICC Genesis is managed by CICC Capital, sponsored by the National Development and Reform Commission and the Ministry of Finance, and subscribed to by a legion of reputable institutional investors. Its mission is to provide access to funding to startups in the emerging industries, so as to promote technological innovation and industrial upgrading, accelerate commercialization of new technologies, and enhance the overall competitiveness and maturity of the nation’s emerging industries.
Building on its success as founder and manager of the CICC Genesis Fund, CICC Capital is also working under local governments’ mandates to manage their emerging-industry funds and helping them build eco-systems of emerging-industry companies. CICC Capital has extended its asset management capabilities to local governments to help them promote regional economic growth.
Beijing Science & Technology Innovation Fund is a PEVC FoF focusing on science and technology innovation. As the partner of the fund, CICC Capital is committed to bringing market practices, professionalism, global vision and compliance to the investment activities of the fund, so as to contribute to Beijing’s endeavor to build a technology innovation center of the world.
Henan Strategic Emerging-Industry Fund is collaboration between CICC Capital and Henan Investment Group, combining CICC Capital’s professional investment management capabilities with the local networks and resources of the Henan Investment Group. Through fund of fund and direct investments, the fund aims to support the expansion of companies incorporated in Henan as well as to introduce industry leaders and advanced technologies into Henan.
The CICC Grandeur Fund is the first feeder fund product in China. The fund’s segment includes both a FoF and a liquidity management segment. The fund will invest in high-quality funds and direct-investment deals in the emerging industries so as to capitalize on growth opportunities in the new economy. The FoF segment will be partially allocated to PEVC funds managed by CICC Capital, especially those focusing on emerging industries and unique investment themes, and those backed by industry leaders, and those with excellent track record and high-caliber management team. As for the liquidity management segment, the fund will investment in opportunities with good liquidity and low risk, as well as other short-term opportunities scouted from the overall CICC platform.
Cross-border Fund of Private Equity Funds
CICC Capital established the first cross-border FoF in China, focusing on PE FoF investments in Europe and the US as well as co-investment opportunities provided by the portfolio managers.
CICC Capital has received a number of honors and awards,
- 2017-2018 Top30 PE firm by Forbes China
- 2018 China Top30 PE firm and China Top10 Fin-tech investment institution by Zero2IPO Group
- 2018 Top10 FOF Manager of State-owned assets by CVCA
- 2018 “JINNIU” PE firm by China Securities Journal
- 2018 China Top10 FOF by Beijing Venture Capital Association
- 2018 “Most Dynamic LP” by Dongshahu[Venture Capital]
- 2018 China Top1 Best FOF Manager, Top1 Most Influential PE firms in China and US, China Top1 Best Return FOF Manager, and China Top5 Best Risk Control FOF by Gold Lotus Award
- 2018 CICC Genesis Fund named as the most dynamic FOF by FOF Weekly
- 2017 China Top20 PE firms and China Top10 Investment Firms Affiliated to Securities Trade by Zero2IPO Group
- 2017 CICC Genesis Fund selected as Top30 Chinese Private Equity Investment Institutions LP
- 2017 Best Private Equity Firms（Rank 12）by China Venture