C Capital
C Capital is an APAC-focused private markets platform managing over US$1.2 billion in cumulative AUM across private equity, private credit, and a blockchain hedge fund, serving institutional investors, family offices, and HNWIs from offices in Hong Kong, Beijing, Shanghai, Zurich, and Sydney, with 16 unicorns across a 40+ company portfolio.
- Company typePrivate
- Founded2017
- HeadquartersLausanne, Switzerland
- Headcount51–100
- GTM typeB2B
- OfferingServices
What C Capital does
C Capital is an APAC-focused private markets investment platform founded in 2017 (originally as C Ventures by Adrian Cheng) and rebranded under its current name in September 2022. The firm operates a private equity practice targeting venture to growth-stage companies in consumer, consumer tech, deep tech, and emerging technology sectors, alongside private credit and a blockchain hedge fund strategy. It manages over US$1.2 billion in cumulative private markets AUM across more than 40 portfolio companies — including 16 unicorns such as Shein, NIO, XPeng, Lalamove, SenseTime, Nothing, Biren Technology, and Agile Robots — with a reported ~35% unicorn conversion rate as of August 2023. Operations span Hong Kong (headquarters), Beijing, Shanghai, Zurich, and Sydney, served by a team of 11-50 staff under CEO Ben Cheng and Non-Executive Chairman Adrian Cheng.
The firm generates revenue through a standard PE architecture: management fees charged to limited partners across Fund I, II, and III (PE Fund III closed above US$250M), supplemented by carried interest on successful realizations and, more recently, principal-investment income after the firm transitioned to a dual-track investment institution. Its go-to-market is relationship-driven, targeting institutional investors, family offices, and high net worth individuals as LPs. Distribution is anchored by a network of more than 30 corporate partners across Asia, Europe, and the US, most of whom are also LPs and provide privileged deal access, cross-border expansion support, and product validation. The firm is licensed through C Capital Investment Management Limited (SFC, Hong Kong), C Capital Funds Management Pty Ltd (AFSL, Australia), and C Capital Investment Manager Ltd (BVI), and is a UN PRI signatory.
Following the November 2024 acquisition by Swiss-listed Youngtimers AG (SIX: YTME), C Capital now operates as the APAC investment arm of C Capital AG, a publicly listed platform managing over US$800M in AUM after combining with JAKOTA Index Portfolios Inc. The combined entity raised up to US$90M in new equity in November 2025 (with DL Holdings as anchor at up to US$12M) to expand principal-investment capacity, is acquiring Richmond Funds Management to launch C Capital Australia, and has disclosed expansion plans into the Middle East, Singapore, Korea, and additional APAC markets. The 2026 deal flow shows a deliberate thematic pivot into embodied AI and robotics, with concentrated investments in Noematrix, Qiongche Intelligence, AGILINK, and Wujie Power alongside a direct 507-hectare real-asset acquisition in Victoria, Australia.
C Capital firmographics
Firmographics- Name
- C Capital
- Legal name
- C Capital Advisory Limited
- Website
- https://c.capital
- Company type
- Private
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- C Capital is an APAC-focused private markets platform managing over US$1.2 billion in cumulative AUM across private equity, private credit, and a blockchain hedge fund, serving institutional investors, family offices, and HNWIs from offices in Hong Kong, Beijing, Shanghai, Zurich, and Sydney, with 16 unicorns across a 40+ company portfolio.
- Ownership category
- akta.pro rank
C Capital industry classification
Industry- Product category
- Private Equity & Asset Management
- NAICS
- Other Financial Investment Activities (5239), Portfolio Management and Investment Advice (523940), Portfolio Management and Investment Advice (52394), Other Investment Pools and Funds (5259)
- SIC
- Investment Advice (6282), Miscellaneous Business Credit Institution (6159)
- akta.pro primary industry
- Late-Stage Venture Capital (Series C+) (FSANAAAC)
- akta.pro secondary industries
- Private Credit / Direct Lending (FSAAAHAG), Large-Cap / Sponsor Finance Direct Lending (FSANADAJ), Corporate Finance & Capital Advisory (BPAHADAB)
Keywords
Where C Capital is headquartered
LocationHeadquarters
- HQ city
- Lausanne
- HQ country
- Switzerland
- HQ region
- Europe
Offices5 records
Markets served
C Capital business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Others
Revenue model
- Management Fees: C Capital generates revenue through asset management fees charged to LPs for managing private equity funds (Fund I, II, III) and potentially other investment vehicles.
- Carried Interest / Performance Fees: The firm earns carried interest on successful fund investments and realizations, aligning fund manager and investor incentives.
- Principal Investment: Following the transformation into a dual-track investment institution, C Capital also deploys its own capital alongside managed funds.
Go-to-market motion1 record
Distribution channels2 records
Marketing channels6 records
C Capital product offering
Product offeringCore offering
C Capital is a private markets investment platform that manages private equity funds (Fund I, II, III), a private credit fund, and a blockchain hedge fund, deploying capital into venture and growth-stage companies across consumer, consumer tech, deep tech, and emerging technology sectors with an APAC-centric focus. The firm also deploys its own principal capital alongside managed funds and serves institutional investors, family offices, and high net worth individuals as limited partners (LPs).
Product overview
C Capital is a private markets investment platform, not a product company. It does not develop, sell, or license technology products. The firm manages private equity, private debt, and control asset strategies across consumer, consumer tech, deep tech, and emerging technology sectors in the APAC region, with a portfolio of 40+ companies including Nothing, Casetify, Agile Robotics, Agibot, Biren Technology, XPeng, Little Red Book, Lalamove, Full Truck Alliance, RTFKT, Fortitude, Summer Farm, and Leadrive.
Differentiator
Problem solved
Functional benefit
Products and services
- Private Equity Funds (Fund I, II, III)
- Private Credit Fund
- Blockchain Hedge Fund
Quantifiable outcome
- 16 unicorn companies in portfolio
- +2 more outcomes
Companies that use C Capital
Customer profileNamed customers2 records
Segments1 record
Ideal customer profiles3 records
C Capital technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
C Capital partnerships and signals
Strategic signalScale indicators9 records
Recent moves9 records
Expansion highlights6 records
C Capital competitors and assessment
Company assessmentBroad incumbents
- Hillhouse Capital: One of the largest APAC-focused alternative asset managers investing across consumer, technology and healthcare. Comparable as a growth-stage PE/VC investor in China and the broader APAC region, though considerably larger in AUM and broader in mandate.
- Boyu Capital: Asia-focused private equity firm investing across consumer, technology and financial services. Direct comparison as a Greater China-rooted growth investor with cross-border execution capabilities and a comparable ticket size profile.
- Hopu Investments: Asia-led alternative investment platform with roots in Greater China private equity. Relevant peer as a Chinese-origin sponsor with cross-border reach and consumer/tech sector overlap with C Capital's portfolio.
- CDH Investments: One of China's largest alternative asset managers with deep PE and credit capabilities. Comparable as a long-standing APAC growth investor across consumer and technology, and a co-investor alongside C Capital in names such as Agibot.
- Investcorp: Public-listed global alternative asset manager with operations across the Gulf, North America, Europe and Asia. Comparable as a listed cross-border asset management platform with PE and private credit capabilities similar to C Capital's post-Youngtimers structure.
Direct peers
- Yunfeng Capital: China-rooted growth and late-stage private equity investor with a strong technology and consumer franchise. Direct peer in APAC growth investing, co-investor alongside C Capital in names such as Knowbox.
- Vertex Ventures: APAC-focused venture capital platform with offices across Singapore, China, Israel and the US. Comparable as a cross-border early/growth VC with a multi-office APAC footprint similar to C Capital's Hong Kong/Beijing/Shanghai/Sydney structure.
- 5Y Capital: China-focused venture and growth investor with global LP base. Direct peer in APAC growth investing, co-investor alongside C Capital in names such as Casetify and other consumer/tech deals.
- L Catterton: Global consumer-focused private equity firm with deep APAC and US exposure. Closely comparable to C Capital's consumer-and-lifestyle roots under C Ventures, with a similar emphasis on millennial/Gen-Z brands.
Emerging players
- ZhenFund: Early- and growth-stage investor focused on Chinese consumer and technology companies. Comparable as a China-rooted, sector-overlapping growth investor, though at a smaller and earlier-stage profile than C Capital.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
C Capital social profiles
Digital presenceC Capital financial estimates
Financial estimateRevenue estimate
Valuation estimate
C Capital leadership team
Management profileNumber of profiles
Profiles11 records
C Capital subsidiaries and ownership
Company hierarchySubsidiaries2 records
C Capital funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
C Capital M&A and investment
M&A and investmentM&A2 records
Investments13 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about C Capital
What does C Capital do?
C Capital is a private markets investment platform that manages private equity funds (Fund I, II, III), a private credit fund, and a blockchain hedge fund, deploying capital into venture and growth-stage companies across consumer, consumer tech, deep tech, and emerging technology sectors with an APAC-centric focus. The firm also deploys its own principal capital alongside managed funds and serves institutional investors, family offices, and high net worth individuals as limited partners (LPs).
Is C Capital a public or private company?
C Capital is a private company. It is classified as corporate owned and is currently operating.
When was C Capital founded?
C Capital was founded in 2017. It employs 51 to 100 people.
Where is C Capital based?
C Capital is headquartered in Lausanne, Switzerland, in the Europe region.
How does C Capital make money?
Three revenue lines are on record. Management Fees are the primary driver. The others are carried Interest / Performance Fees and principal Investment.
Who are C Capital's main competitors?
Broad incumbents on record are Hillhouse Capital, Boyu Capital, Hopu Investments, CDH Investments and Investcorp. Direct peers are Yunfeng Capital, Vertex Ventures, 5Y Capital and L Catterton. ZhenFund is listed as an emerging player.
Does C Capital have an API?
No public API is recorded for C Capital.
What industry is C Capital in?
C Capital's product category is Private Equity & Asset Management. Its primary akta.pro industry code is FSANAAAC, Late-Stage Venture Capital (Series C+), with a secondary code of FSAAAHAG, Private Credit / Direct Lending. Its NAICS code is 5239 and its SIC code is 6282.