Centurium Capital
From Wikipedia, the free encyclopedia
 | |
Native name | 大钲资本 |
|---|---|
| Company type | Private |
| Industry | Private equity |
| Founded | 2017 |
| Founders | David Li |
| Headquarters | Beijing, China |
Key people | David Li (chairman & CEO) |
| AUM | US$6.2 billion (December 2022) |
Number of employees | ~60 (December 2022) |
| Website | centurium |
| Footnotes / references [1] | |
Centurium Capital Management Ltd. (Centurium; Chinese: 大钲资本; pinyin: Dàzhēng Zīběn) is a Chinese private equity firm headquartered in Beijing, China. It is currently the controlling shareholder of Luckin Coffee.
In 2017, Centurium was co-founded by David Li and two other partners in Beijing. Li was previously the Head of Asia Pacific at Warburg Pincus.[1][2][3][4]
The firm focuses on acquiring control of companies consumer, healthcare, business services and technology sectors in China. It looks to improve operational efficiencies of the companies and resolving deficiencies within them.[2][3]
In March 2018, Centurium's debut USD-denominated fund, Centurium Capital Partners 2018 L.P. raised $2 billion. Its secured interest from foreign investors such as GIC, Temasek Holdings and Ontario Teachers' Pension Plan.[2][3]
Centurium planned on raising a second USD-denominated fund, with a target size of $2.5 billion and was close to reaching $2 billion in March 2020. However, in April 2020. it had put the fundraising on hold after its portfolio company, Luckin Coffee was involved in an accounting scandal.[3][4] In April 2022, according to an SEC filing Centurium had raised $249 million from investors.[5] In August 2023, Centurium reduced the target size of the fund to $1.5 billion.[6]
