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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]
CMC was originally the investment arm of CMG before being officially launched as a fully-fledged private equity manager in 2012. [1] [2]
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] [2] [3]
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 divesture and an optional one year add on. [1] [2]
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. [2]
In November 2019, CMC and ESR Group launched the ESR Australia Logistics Trust, a A$350 million logistics real estate fund that would invest in Australian assets. [4]
In November 2022, CMC was exploring a takeover offer for Chinese data center operator Chindata. It was listed on the Nasdaq and was backed by Bain Capital. [5] In June 2023, CMC made a bid of $3.4 billion to rival Bain Capital's offer to privatize Chindata. [6] In August 2023, Chindata decided to go with Bain Capital's offer over CMC in a $3.16 billion deal. [7]
![]() | |
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]
CMC was originally the investment arm of CMG before being officially launched as a fully-fledged private equity manager in 2012. [1] [2]
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] [2] [3]
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 divesture and an optional one year add on. [1] [2]
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. [2]
In November 2019, CMC and ESR Group launched the ESR Australia Logistics Trust, a A$350 million logistics real estate fund that would invest in Australian assets. [4]
In November 2022, CMC was exploring a takeover offer for Chinese data center operator Chindata. It was listed on the Nasdaq and was backed by Bain Capital. [5] In June 2023, CMC made a bid of $3.4 billion to rival Bain Capital's offer to privatize Chindata. [6] In August 2023, Chindata decided to go with Bain Capital's offer over CMC in a $3.16 billion deal. [7]