Cowin Capital

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]

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

Background

Cowin was founded during the dot-com bubble in 2000.[1][3] It was founded by Zheng Weihe and his wife, Huang Li using their own funds of RMB 80 million as registered capital.[1][3] 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.[4][5] According to its 2015 annual report, 90% of its income came from fund management fees.[5]

References
  1. Meek, Vicky, ed. (2012). "Yin and Yang". Coller Institute of Private Equity. Private Equity Findings. London Business School: Bladonmore (Europe) Limited (7): 16–17.
  2. "Wayback Machine" (PDF). 2023-02-09. Archived from the original (PDF) on 2023-02-09. Retrieved 2023-02-09.
  3. Tseng, Hsiang-Ching (2013-01-05). "Cowin Capital closes fifth fund on $386m". Private Equity International. Retrieved 2023-02-09.
  4. "Investors - Linktel Technologies-Explorer of Datacenter Transceivers". www.linkteltech.com. Retrieved 2023-02-09.
  5. "NEEQ's tighter listing norms spook PE firms 丨 Business". data:blog.title. Retrieved 2023-02-09.
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