Cowin Capital Group
Native name
同创伟业集团
TypePublic company
NEEQ: 832793
IndustryInvestment management
Founded26 June 2000 (2000-06-26)
FoundersZheng Weihe "Alex"
Huang Li
HeadquartersShenzhen, China
ProductsPrivate Equity
Venture Capital
AUMUS$4.7 billion (2022)
Websitecowincapital.com.cn
Footnotes / references
[1]

Cowin Capital (Cowin; Chinese: 同创伟业; pinyin: Tóngchuàng Wěiyè) is a Chinese investment firm based in Shenzhen, China. According to South China Morning Post, from January 2019 to May 2020, it was the tenth most active venture capital firm in China.[2]

History

On 26 June 2000, Cowin was founded by Zheng Weihe and his wife, Huang Li using their own funds of RMB 80 million during the dot-com bubble.[1][3][4] Zheng was previously a lawyer and had also worked at the Shenzhen Stock Exchange which gave him experience and contacts in handling initial public offerings (IPO).[1][3]

In 2007, Cowin raised its first fund of RMB 50 million.[1] Between 2007 and 2011, Cowin expanded rapidly raising five funds and RMB 4 billion in total.[1] Cowin's funds had a shorter tenure of five years compared to 10 years which was common among their western counterparts.[1]

Cowin's investment strategy was to look for "hidden champions" in "rising sectors" which were high growth companies that could lead their sectors in three to five years.[1] Cowin would then use its expertise and contacts to guide these companies to an IPO.[1]

In July 2015, Cowin became a publicly listed company on the National Equities Exchange and Quotations.[5][6] According to its 2015 annual report, 90% of its income came from fund management fees.[6]

References

  1. 1 2 3 4 5 6 7 8 "Private Equity Findings (Issue 7 Winter 2012)" (PDF). Coller Capital. London Business School. Archived from the original (PDF) on 26 May 2023.
  2. ↑ "China Internet Report 2020" (PDF). SCMP. 9 February 2023. Archived from the original (PDF) on 9 February 2023. Retrieved 9 February 2023.
  3. 1 2 Tseng, Hsiang-Ching (5 January 2013). "Cowin Capital closes fifth fund on $386m". Private Equity International. Retrieved 9 February 2023.
  4. ↑ 刘平生; 何杰 (26 January 2022). 深圳经济特区金融40年 (in Chinese). 社会科学文献出版社. ISBN 978-7-5201-9390-0.
  5. ↑ "Investors - Linktel Technologies-Explorer of Datacenter Transceivers". www.linkteltech.com. Retrieved 9 February 2023.
  6. 1 2 "NEEQ's tighter listing norms spook PE firms 丨 Business". data:blog.title. Retrieved 9 February 2023.
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