Native name | 同创伟业集团 |
---|---|
Company type | Public company |
NEEQ: 832793 | |
Industry | Investment management |
Founded | 26 June 2000 |
Founders | Zheng Weihe "Alex" Huang Li |
Headquarters | Shenzhen, China |
Products |
Private Equity Venture Capital |
AUM | US$4.7 billion (2022) |
Website |
cowincapital |
Footnotes / references [1] |
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]
On 26 June 2000, Cowin was founded by Zheng Weihe and his wife, Huang Li using their own funds of RMB 80 million during the dot-com bubble. [1] [3] [4] 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. [5] [6] According to its 2015 annual report, 90% of its income came from fund management fees. [6]