Chinese PE major CDH Investments targets raising up to $2b for latest buyout fund

Fuzhou, China. Photo by 尧智 林 on Unsplash

CDH Investments is seeking to raise up to $2 billion for its next flagship buyout fund targeted at investments in China.

The Chinese private equity firm is in talks with investors to raise its sixth US dollar-denominated fund that will focus on control deals that incorporate debt, the Wall Street Journal reported. CDH’s new strategy for the fund is seen as unusual in China’s PE market that remains dominated by growth-equity and minority investments.

Established in 2002, CDH Investment manages over $16 billion in assets across private equity, venture capital, real assets, mezzanine and credit, public equities and wealth management. It has offices in Hong Kong, Singapore, Beijing, Shanghai, Shenzhen and Jakarta.

The company’s previous $2.5-billion Fund V raised in 2014 received commitments from US-based limited partners such as Texas County, and District Retirement System. Its Fund IV that closed at $1.4 billion saw backing from the Canada Pension Plan Investment Board (CPPIB), according to Dow Jones & Company.

Only last July, CDH led a $44-million (RMB300 million) Series B round in Shanghai-based logistics services platform Yimidida. Prior to that, it completed its local mid-market fund at a maximum level of $800 million in total commitments in January.

Some of the recent funding rounds that CDH has been part of include a $120-million round in Chinese deep learning startup SenseTime, $100-million round raised by humanoid robots maker Ubtech, a $360-million Series A round in Hive Box, and an undisclosed investment in Chinese co-working space startup Fountown.

Also Read:

China Digest: CDH leads $44m round in Yimidida; Tasley puts $20m in Pegbio

China: CDH Investments raises $800m for new mid-market fund

China: CDH Investments leads $360m funding round in Hive Box Technology

China: AI startup SenseTime raises $120m led by CDH Investments

China Dealbook: CDH Investments leads $30m in Fountown, oTMS raises $25m in Series B round

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.