CICC

CICC Capital, the private equity investment arm of CICC, invests in global companies that have long-term growth potential, core competitiveness and strong management teams. CICC was one of the first two securities firms in China to obtain a direct investment license for a private equity investment fund business. We currently manage RMB / USD private equity funds and fund of funds (FOF), with approximately RMB 450 billion in assets under management (AUM) as of December 31, 2024. We have built a diversified portfolio covering various industries, such as advanced technology, high-end manufacturing, healthcare and consumer.

Private Equity Funds

CICC Jiacheng

CICC Zhide

CICC Jiacheng, established in 2007, is CICC’s first private equity investment entity. Backed by major institutional investors, including China’s National Council for Social Security Fund, Haier Group, Dongfeng Motor Corporation, Yanghe Co., Ltd. and Guangzhou Railway Fund, CICC Jiacheng established three RMB funds and one USD fund, managing over RMB 30 billion of cumulative assets. It has successfully invested in more than 100 leading companies across a range of industries, including healthcare, technology, advanced manufacturing and consumer.

CICC Zhide, established in 2015, manages large private equity funds and special funds which serve China’s local government investment vehicles. CICC Zhide aligns its investment approach with China’s national economic and social priorities, such as technological innovation and carbon neutrality. It invests across many major industries, namely frontier technologies, high-end manufacturing, consumer goods and services, healthcare, new energy, new materials, environmental conservation and next-gen services. CICC Zhide’s cumulative AUM reached close to RMB 50 billion at the end of 2021, and its portfolio track record includes Advanced Micro-Fabrication Equipment Inc., SenseTime, United Imaging, Changxin Memory Technologies, inc. and SJ Semi.

Fund of Funds

CICC Genesis Fund

Beijing Science & Technology Innovation Fund

Henan Strategic Emerging-Industry Fund

CICC Qirong Fund

CICC Genesis Fund is China's first government-led fund to focus on emerging industries. It is managed by CICC Capital, sponsored by the National Development and Reform Commission and the Ministry of Finance, and subscribed to by several major institutional investors. The fund aims to provide funding to start-ups in emerging industries and support China’s overall technological innovation and industrial upgrading.

Beijing Science & Technology Innovation Fund focuses on innovation in the fields of advanced science and technology. Its sub-funds mainly cooperate with universities, leading science and technology companies and venture capital firms to invest in information technology, healthcare, intelligent manufacturing and new materials.

Henan Strategic Emerging-Industry Fund was jointly established by CICC Capital and Henan Investment Group. By combining CICC’s investment expertise and Henan Investment Group’s local networks and resources, the fund helps to support the development of emerging industries in Henan province.

CICC Qirong Fund is the first feeder fund in China to adopt an innovative financing fund model with its investments covering both FoF and stabilization funds. CICC Qirong Fund invests in high-quality funds and direct-investment deals in emerging industries to capitalize on growth opportunities in the new economy.

Awards

2024: Ranked 1 in Most LP-Focused PE Firms by China Venture

2024: Ranked 1 in Best Exit PE Firms by Zero2IPO Group

2024: Named Best PE Firm by China Securities Journal

2024: Ranked 1 in Best PE Firms by Chinese Venture

2024: Ranked 1 in Best National Funds by China-FoF

2024: Ranked 3 in Best Performing FoFs in the world by the Global FoF Association

2023: Ranked 1 in China Private Equity Institutional Limited Partners and among the top 10 in China Active Private Equity Institutional Limited Partners by Zero2IPO Group

2023: Ranked 1 in China Best PE Firms and 1st in China Best Domestic PE Firms by China Venture

2023: Ranked 3 in Best Performing FoFs in the world by the Global FoF Association

2023: Ranked 1 in Best PE Firms by Chinese Venture

2023: Named Best PE Firm by China Securities Journal

2023: Ranked 1 in Best National Funds by China-FoF

Private Equity Investment