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Asset/Investment Management
forebrightcapital.com

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Investments

37

Portfolio Exits

3

Funds

1

About Forebright Capital Management

Forebright Capital Management operates as an investment advisory firm. The Firm manages institutional funds and serves global investors including sovereign wealth funds, insurances, pension funds, university and corporate endowments, and fund of funds.

Forebright Capital Management Headquarter Location

Jardine House 1 Connaught Place

Hong Kong

852-2598-2598

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Latest Forebright Capital Management News

Xiaomi Chairman Lei Jun's Cloud Services Provider Secures USD220 Mln Financing

Jan 4, 2018

(Yicai Global) Jan. 4 -- Chinese cloud service provider Beijing Kingsoft Cloud Network Technology Co., also known as Ksyun, raised USD220 million in a new financing round, bringing its valuation to USD2.1 billion, a record high for China's independent cloud services providers. Three investment firms including Forebright Capital Management Ltd. led this series-D round of financing. The cloud services provider's parent company, Kingsoft Corp. Ltd. [HKG:3888], also participated in the investment, Tencent Finance reported today, quoting a company statement. The company will use the funds raised to increase research and development efforts in artificial intelligence, consolidate its leading position in video, gaming and other internet fields and will make layout in more areas such as finance, manufacturing and healthcare, Kingsoft Cloud's CEO Wang Yulin said. Furthermore, the company is also expected to expand overseas markets including Europe, North America and Southeast Asia. After the financing is completed, the parent's stake will be diluted to 51.73 percent. The company's actual controller is Lei Jun, chairman and chief executive of Beijing-based Xiaomi Inc., a major smartphone maker. Lei Jun assumed the chair of Kingsoft's board in 2011. In 2013, he acquired 2.5 percent of the shares held by Tencent Holdings Ltd. [HKG:0700] for a sum of HKD191 million (USD24.4 million). Kingsoft Cloud completed another funding round of USD300 million last December, with a valuation of USD1.9 billion, becoming China's highest-valued independent cloud services provider. ×

Forebright Capital Management Investments

37 Investments

Forebright Capital Management has made 37 investments. Their latest investment was in Orcauboat as part of their Series A - II on May 5, 2022.

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Forebright Capital Management Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

5/6/2022

Series A - II

Orcauboat

$7.57M

Yes

6

4/14/2022

Series B

Obsbot

Yes

3

2/22/2022

Seed VC

Huameng

Yes

6

1/13/2022

Series B

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10

1/7/2022

Series A

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10

Date

5/6/2022

4/14/2022

2/22/2022

1/13/2022

1/7/2022

Round

Series A - II

Series B

Seed VC

Series B

Series A

Company

Orcauboat

Obsbot

Huameng

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Amount

$7.57M

New?

Yes

Yes

Yes

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Co-Investors

Sources

6

3

6

10

10

Forebright Capital Management Portfolio Exits

3 Portfolio Exits

Forebright Capital Management has 3 portfolio exits. Their latest portfolio exit was iSoftStone on March 31, 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

3/31/2022

IPO - II

$99M

1

5/8/2020

IPO

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$99M

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10

8/8/2019

IPO

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10

Date

3/31/2022

5/8/2020

8/8/2019

Exit

IPO - II

IPO

IPO

Companies

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Valuation

$99M

$99M

Acquirer

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Sources

1

10

10

Forebright Capital Management Fund History

1 Fund History

Forebright Capital Management has 1 fund, including Forebright New Opportunities Fund II.

Closing Date

Fund

Fund Type

Status

Amount

Sources

3/15/2019

Forebright New Opportunities Fund II

Diversified Private Equity

Open

$285.64M

1

Closing Date

3/15/2019

Fund

Forebright New Opportunities Fund II

Fund Type

Diversified Private Equity

Status

Open

Amount

$285.64M

Sources

1

Forebright Capital Management Team

1 Team Member

Forebright Capital Management has 1 team member, including current Chief Executive Officer, Ling He.

Name

Work History

Title

Status

Ling He

Chief Executive Officer

Current

Name

Ling He

Work History

Title

Chief Executive Officer

Status

Current

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