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Private Equity
citicpe.com

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Investments

108

Portfolio Exits

20

Funds

11

Partners & Customers

3

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 Headquarter Location

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

Beijing, Beijing, 100005,

China

+86 10 8507 9000

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The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

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

108 Investments

CPE has made 108 investments. Their latest investment was in MissBerry as part of their Series A - III on September 9, 2021.

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CPE Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

9/23/2021

Series A - III

MissBerry

No

Country Garden Venture Capital

1

9/9/2021

Series C - II

HiScene

$41.83M

Yes

Grand View Capital, Jadex Capital, MY E.G. Services, Ondine Capital, Puchao Capital, Sincere Capital, THG Ventures, V Star Capital, and Yuanhui Capital

8

9/1/2021

Series C - III

Vertilite

Yes

BYD Company, Gaorong Capital, SummitView Capital, and V-Capital

3

8/11/2021

Seed VC - III

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$99M

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10

8/6/2021

Series B

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$99M

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10

Date

9/23/2021

9/9/2021

9/1/2021

8/11/2021

8/6/2021

Round

Series A - III

Series C - II

Series C - III

Seed VC - III

Series B

Company

MissBerry

HiScene

Vertilite

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Amount

$41.83M

$99M

$99M

New?

No

Yes

Yes

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Co-Investors

Country Garden Venture Capital

Grand View Capital, Jadex Capital, MY E.G. Services, Ondine Capital, Puchao Capital, Sincere Capital, THG Ventures, V Star Capital, and Yuanhui Capital

BYD Company, Gaorong Capital, SummitView Capital, and V-Capital

Sources

1

8

3

10

10

CPE Portfolio Exits

20 Portfolio Exits

CPE has 20 portfolio exits. Their latest portfolio exit was Plus on May 10, 2021.

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

5/10/2021

Acq - Pending

$991

Hennessy Capital Acquisition V

8

2/4/2021

IPO

Public

3

12/8/2020

IPO

Public

3

00/00/0000

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$991

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10

00/00/0000

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10

Date

5/10/2021

2/4/2021

12/8/2020

00/00/0000

00/00/0000

Exit

Acq - Pending

IPO

IPO

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Companies

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Valuation

$991

$991

Acquirer

Hennessy Capital Acquisition V

Public

Public

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Sources

8

3

3

10

10

CPE Acquisitions

1 Acquisition

CPE acquired 1 company. Their latest acquisition was Biosensors on April 04, 2016.

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

4/4/2016

Growth Equity

$133.65M

Take Private

1

Date

4/4/2016

Investment Stage

Growth Equity

Companies

Valuation

Total Funding

$133.65M

Note

Take Private

Sources

1

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

$2,200M

1

12/31/2015

CPEChina Fund II LP

Expansions & Growth

$1,300M

1

5/8/2015

Fund II

Expansions & Growth

$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

Amount

$2,200M

$1,300M

$1,300M

$99M

$99M

Sources

1

1

1

10

10

CPE Partners & Customers

3 Partners and customers

CPE has 3 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

Yale University

United States

2

9/3/2017

Partner

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10

9/11/2015

Partner

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10

Date

5/24/2018

9/3/2017

9/11/2015

Type

Partner

Partner

Partner

Business Partner

Yale University

Country

United States

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News Snippet

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Sources

2

10

10

CPE Team

5 Team Members

CPE has 5 team members, including current President, Yibing Wu.

Name

Work History

Title

Status

Yibing Wu

President

Current

Real Desrochers

California Public Employees Retirement System

Managing Director

Current

Dong Liu

Managing Director

Current

Tao Zhuang

Managing Director

Current

Hai Wu

Managing Director

Former

Name

Yibing Wu

Real Desrochers

Dong Liu

Tao Zhuang

Hai Wu

Work History

California Public Employees Retirement System

Title

President

Managing Director

Managing Director

Managing Director

Managing Director

Status

Current

Current

Current

Current

Former

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