Yunfeng Capital

Yunfeng Capital (YF Capital; Chinese: 云锋基金; pinyin: Yúnfēng jījīn) is a Shanghai-based private equity firm founded in 2010. It was founded by Jack Ma (founder and former executive chairman of Alibaba) and David Yu (founder of Target Media).[3]

Yunfeng Capital Limited
Native name
云锋基金
TypePrivate
IndustryPrivate Equity
Venture Capital
Founded2010
FoundersJack Yun Ma
David Feng Yu
HeadquartersShanghai, China
ProductsInvestments
AUMUS$10 Billion (2021)[1]
SubsidiariesYunfeng Financial Group
Websitewww.yfc.cn
Footnotes / references
[2]

Background

Yunfeng Capital was founded in 2010 by Jack Ma and David Yu.[3] 'Yunfeng' is the result of combining the Chinese first names of Jack (Yun) Ma and David (Feng) Yu.

The firm focuses on early and growth stage investments in companies from various sectors such as technology, healthcare, financial services and media. In addition, it provides consultation and advisory services to its selected portfolio companies.

In October 2022, The Information reported the firm was struggling to raise money in China due to domestic investors being concerned on the political risks of backing a firm affiliated with Ma.[4]

Yunfeng Capital is headquartered in Shanghai with additional offices in Beijing, Hangzhou and Hong Kong.[5]

Yunfeng Financial Group

In 2015, Yunfeng Capital (through Yunfeng Financial Holdings and several other investment vehicles) acquired Reorient Group Limited, a brokerage firm listed in Hong Kong.[6][7]

In November 2016, Reorient Group Limited, was renamed to Yunfeng Financial Group.[8] Yunfeng Financial Group is listed on the Stock Exchange of Hong Kong (ticker symbol: 376).

In August 2017, the group agreed to acquire the Asia unit of MassMutual for US$1.7 billion[9] which was completed in November 2018.[10] In March 2019, the unit was rebranded to YF Life.[11]

As of 2021, 47% of the group's shares are effectively owned in aggregate by David Yu and Yunfeng Capital.[12]

Funds
Fund[13] Vintage Year Committed Capital ($m)
Yunfeng Fund I 2010 1,500
Yunfeng Fund II 2013 1,100
Yunfeng Fund III 2018 2,500

Notable investments

References
  1. Schachner, Miles (10 August 2021). "The largest Chinese investors you've never heard of". SupChina.
  2. "Form ADV" (PDF). SEC. Retrieved 24 November 2022.
  3. Miller, Stephen Aldred, Matthew (2014-07-17). "Exclusive - Red flags: Alibaba's Ma and Ma's private equity firm". Reuters. Retrieved 2021-05-30.
  4. "Jack Ma's Investment Firm Struggles to Raise Money in China". The Information. Retrieved 2023-03-25.
  5. Team, Investment Research (2014-05-10). "Alibaba Commits $100M To Yunfeng Capital Fund". China Money Network. Retrieved 2021-05-30.
  6. "Jack Ma pays HK$2.7 billion for 56pc of HK brokerage Reorient". South China Morning Post. 2015-05-15. Retrieved 2021-05-30.
  7. Team, Investment Research (2015-05-15). "Yunfeng Leads 81% Stake Purchase In Hong Kong's Reorient Group". China Money Network. Retrieved 2021-05-30.
  8. "CHANGE OF COMPANY NAME, NEW STOCK SHORT NAME, WEBSITE ADDRESS AND LOGO OF THE COMPANY" (PDF). Hong Kong Exchanges and Clearing Limited. 9 November 2016.{{cite web}}: CS1 maint: url-status (link)
  9. "Jack Ma-supported Yunfeng buys MassMutual's Asian unit". South China Morning Post. 2017-08-18. Retrieved 2021-05-30.
  10. "Jack Ma-backed brokerage grows portfolio with insurance products". South China Morning Post. 2018-12-03. Retrieved 2021-05-30.
  11. "YF Life Celebrates New Brand Launch and Takes up Title Sponsorship of "Pretty Crazy Joey Yung Concert Tour" | YF Life". corp.yflife.com. Retrieved 2021-05-30.
  12. "Hong Kong Exchanges and Clearing Limited". di.hkex.com.hk. Retrieved 2021-05-30.
  13. "Yunfeng Capital | Palico". www.palico.com. Retrieved 2021-05-30.
  14. "Jack Ma's Yunfeng Capital in the market to raise new PE fund". DealStreetAsia. Retrieved 2021-05-30.
  15. "Genome Giant Seeks $1 Billion for Equipment Unit for Potential IPO - Caixin Global". www.caixinglobal.com. Retrieved 2021-05-30.
  16. "Tencent leads Kuaishou's USD 3 billion pre-IPO round with Jack Ma-backed Yunfeng Capital in tow". KrASIA. 2019-12-03. Retrieved 2021-05-30.
  17. Burroughs, Tim (8 April 2016). "Alibaba, Yunfeng join take-private bid for China's Momo". AVCJ.{{cite web}}: CS1 maint: url-status (link)
  18. "China's Alibaba mulls US$10 million investment in Sina Sports ahead of news site's potential listing in Hong Kong". South China Morning Post. 2015-08-14. Retrieved 2021-05-30.
  19. "VIPKID Raises $500 Million in Series D+ Financing, Led by Coatue Management, Tencent, Sequoia Capital and Yunfeng Capital". www.businesswire.com. 2018-06-21. Retrieved 2021-05-30.
  20. Reuters Staff (2018-10-10). "China Airbnb rival Xiaozhu.com raises nearly $300 million from Jack Ma fund". Reuters. Retrieved 2021-05-30. {{cite news}}: |author= has generic name (help)
  21. "Jack Ma's Yunfeng Capital leads $600m round in Xingyun". DealStreetAsia.
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