Cowin Capital

Cowin Capital Group

Native name	同创伟业集团
Company type	Public company
Traded as	NEEQ: 832793
Industry	Investment management
Founded	26 June 2000; 24 years ago (2000-06-26)
Founders	Zheng Weihe "Alex" Huang Li
Headquarters	Shenzhen, China
Products	Private Equity Venture Capital
AUM	US$4.7 billion (2022)
Website	cowincapital.com.cn
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]

History

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]

References

1. "Private Equity Findings (Issue 7 Winter 2012)" (PDF). Coller Capital. London Business School. Archived from the original (PDF) on 26 May 2023.
2. "China Internet Report 2020" (PDF). SCMP. 9 February 2023. Archived from the original (PDF) on 9 February 2023. Retrieved 9 February 2023.
3. Tseng, Hsiang-Ching (5 January 2013). "Cowin Capital closes fifth fund on $386m". Private Equity International. Archived from the original on 9 February 2023. Retrieved 9 February 2023.
4. 刘平生; 何杰 (26 January 2022). 深圳经济特区金融40年 (in Chinese). Social Sciences Literature Press. ISBN 978-7-5201-9390-0. Archived from the original on 5 June 2023. Retrieved 3 July 2023.
5. "Investors - Linktel Technologies-Explorer of Datacenter Transceivers". www.linkteltech.com. Archived from the original on 9 February 2023. Retrieved 9 February 2023.
6. "NEEQ's tighter listing norms spook PE firms 丨 Business". data:blog.title. Archived from the original on 9 February 2023. Retrieved 9 February 2023.