China Merchants Capital
From Wikipedia, the free encyclopedia
 | |
Native name | 招商局资本投资有限责任公司. |
|---|---|
| Company type | Joint venture |
| Industry | Investment management |
| Founded | 2012 |
| Headquarters | Shenzhen, Guangdong, China Hong Kong |
Key people | Vincent Peng (Chairman) Jian Guo (CEO) |
| Products | Private equity Venture Capital Fund of funds Real estate |
| AUM | US$43 billion (January 2023) |
| Owners | China Merchants Group (50%) GLP (50%) |
Number of employees | 260 (2020) |
| Website | www |
China Merchants Capital (CMC) (Chinese: 招商局资本; pinyin: Zhāoshāngjú Zīběn) is a Chinese alternative investment firm founded in 2012 that is headquartered in Shenzhen and Hong Kong. It is currently a joint venture (JV) between China Merchants Group (CMG) and GLP.
In June 2021, Private Equity International ranked CMC as the largest private equity firm in Asia-Pacific based on total fundraising over the most recent five-year period.[1]
In June 2024, China Merchants Capital ranked 48th in Private Equity International's PEI 300 ranking among the world's largest private equity firms.[2]
CMC was originally the investment arm of CMG before being officially launched as a fully-fledged private equity manager in 2012.[1][3]
On 11 October 2019, GLP announced that it would acquire 50% of CMC from CMG. Going forward CMC would be co-managed by both CMG and GLP.[1][3][4]
As of November 2020, CMC manages 37 private equity funds in seven different sectors and has 260 employees. Its largest fund is the Yinhe Equity Investment Fund which is a fund of funds that invests in CMC funds. Its funds typically tend to have a seven-year term that comprises a three to four-year investment period, two years to three years for divestiture and an optional one year add on.[1][3]
CMC's capital comes from both government entities and private businesses. Notable investors include financial institutions such as Agricultural Bank of China, Mizuho Securities and SoftBank Group.[3]
