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Private Equity
citicpe.com

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Investments

122

Portfolio Exits

23

Funds

11

Partners & Customers

4

About CPE

CPE, fka CITIC Private Equity Funds Management, is an independent private equity firm, dedicated to helping businesses succeed in China's increasing globalized economy.

CPE Headquarters Location

Jinbao Building, 10F No. 89 Jinbao Street, Dongcheng District

Beijing, Beijing, 100005,

China

+86 10 8507 9000

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Latest CPE News

Chinese AR startup HiAR raises $42 million in Series C

Sep 10, 2021

Chinese augmented reality (AR) company HiAR announced Thursday that it has raised RMB 270 million ($42 million) in a Series C led by CITIC Private Equity Funds Management. Other investors include Jadex Capital, Grand View Capital, and THG Ventures. The company produces AR hardware and software, including AR glasses and AR operating systems. [TechNode Chinese, in Chinese]

CPE Investments

122 Investments

CPE has made 122 investments. Their latest investment was in Reliable Med as part of their Series A - III on April 4, 2022.

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CPE Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

4/1/2022

Series A - III

Reliable Med

Yes

4

3/28/2022

Series B

INNORNA

$120M

No

6

3/23/2022

Series A

Bowang Pharmaceutical

$62.86M

Yes

4

1/21/2022

Series C - III

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$99M

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10

12/20/2021

Series B

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10

Date

4/1/2022

3/28/2022

3/23/2022

1/21/2022

12/20/2021

Round

Series A - III

Series B

Series A

Series C - III

Series B

Company

Reliable Med

INNORNA

Bowang Pharmaceutical

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Amount

$120M

$62.86M

$99M

New?

Yes

No

Yes

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Co-Investors

Sources

4

6

4

10

10

CPE Portfolio Exits

23 Portfolio Exits

CPE has 23 portfolio exits. Their latest portfolio exit was MGI Tech on September 09, 2022.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

9/9/2022

IPO

$99M

Public

4

11/11/2021

IPO

$99M

Public

3

11/2/2021

IPO

$99M

Public

3

8/25/2021

Acquired - II

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$99M

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10

2/4/2021

IPO

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$99M

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10

Date

9/9/2022

11/11/2021

11/2/2021

8/25/2021

2/4/2021

Exit

IPO

IPO

IPO

Acquired - II

IPO

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

Public

Public

Public

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Sources

4

3

3

10

10

CPE Acquisitions

2 Acquisitions

CPE acquired 2 companies. Their latest acquisition was Fundsafe Capital on July 06, 2018.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

7/6/2018

$99M

Acquired

1

4/4/2016

Growth Equity

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$99M

$99M

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10

Date

7/6/2018

4/4/2016

Investment Stage

Growth Equity

Companies

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Valuation

$99M

$99M

Total Funding

$99M

Note

Acquired

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Sources

1

10

CPE Fund History

11 Fund Histories

CPE has 11 funds, including CPE China Fund III.

Closing Date

Fund

Fund Type

Status

Amount

Sources

7/11/2018

CPE China Fund III

Diversified Private Equity

Closed

$2,200M

1

12/31/2015

CPEChina Fund II LP

Expansions & Growth

Closed

$1,300M

1

5/8/2015

Fund II

Expansions & Growth

Closed

$1,300M

1

3/19/2013

CITIC PE Fund III

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$99M

10

6/27/2012

CITIC Mezzanine Fund

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$99M

10

Closing Date

7/11/2018

12/31/2015

5/8/2015

3/19/2013

6/27/2012

Fund

CPE China Fund III

CPEChina Fund II LP

Fund II

CITIC PE Fund III

CITIC Mezzanine Fund

Fund Type

Diversified Private Equity

Expansions & Growth

Expansions & Growth

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Status

Closed

Closed

Closed

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Amount

$2,200M

$1,300M

$1,300M

$99M

$99M

Sources

1

1

1

10

10

CPE Partners & Customers

4 Partners and customers

CPE has 4 strategic partners and customers. CPE recently partnered with Yale University on May 5, 2018.

Date

Type

Business Partner

Country

News Snippet

Sources

5/24/2018

Partner

United States

2

9/3/2017

Partner

China

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10

9/11/2015

Partner

United States

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10

5/30/2013

Partner

Canada

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10

Date

5/24/2018

9/3/2017

9/11/2015

5/30/2013

Type

Partner

Partner

Partner

Partner

Business Partner

Country

United States

China

United States

Canada

News Snippet

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Sources

2

10

10

10

CPE Team

6 Team Members

CPE has 6 team members, including current President, Yibing Wu.

Name

Work History

Title

Status

Yibing Wu

President

Current

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Name

Yibing Wu

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Work History

Title

President

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Status

Current

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