Zhonghe Capital

Name

Zhonghe Capital

Legal name

锦绣中和（北京）资本管理有限公司

Website

https://zhonghecapital.com

Company type

Private

Founded year

2012

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Headquarters

HQ city

Beijing

HQ country

China

HQ region

Asia

Offices6 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Fund Management Fees: Management fees charged on assets under management from fund operations.
2. Performance Fees / Carried Interest: Performance-based fees earned on investment returns from portfolio companies, typically a percentage of profits above a hurdle rate.
3. Investment Returns: Capital gains and investment returns realized from portfolio company exits and IPOs.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Zhonghe Capital is a private equity and investment management firm that provides capital and strategic support to A-share listed companies and growth enterprises in China. Its core services include private placement investments (定向增发), mergers and acquisitions restructuring, inquiry/agreement transfers, block trades, convertible and exchangeable bond investments, and secondary market investments. The firm manages funds with cumulative AUM exceeding 260 billion yuan across more than 200 portfolio companies.

Product overview

Zhonghe Capital is an investment management firm, not a technology product company. It operates as a private equity and capital markets investment institution specializing in listed company investments, M&A advisory, fixed increase investments (定向增发), and secondary market investments. The firm manages funds exceeding 260 billion yuan and has invested in over 200 A-share listed companies and growth enterprises. Their services are financial investment services rather than technology products, so there are no software products, modules, or technology offerings to enumerate.

Differentiator

Problem solved

Functional benefit

Products and services

• Private Placement (Fixed Increase) Investment
• Merge and Acquisition (M&A) Restructuring Advisory
• Inquiry and Agreement Transfer Investment
• Block Trade Investment
• Convertible and Exchangeable Bond Investment
• Secondary Market Investment
• Private Equity Fund Management

Quantifiable outcome

• 260 billion RMB cumulative AUM managed
• +3 more outcomes

Named customers10 records

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators5 records

Recent moves9 records

Expansion highlights4 records

Direct peers

• Hillhouse Capital (高瓴资本): One of China's largest PE/venture managers with broad sector coverage across consumer, tech, healthcare, and industrials. Highly comparable to Zhonghe as a top-tier China-focused private equity firm with significant AUM and listed-company investment capabilities.
• Hopu Investments (厚朴投资): China-focused PE firm with significant investments in financial services, consumer, and industrials. Comparable to Zhonghe as a long-tenured, large-scale Chinese PE platform with similar listed-company and strategic-deal orientation.
• China Renaissance (华兴资本): China-focused investment bank and asset manager with PE/venture arm. Comparable to Zhonghe in providing capital markets advisory and principal investment services to Chinese listed companies and growth enterprises, with strong HKEX and A-share execution.
• CDH Investments (鼎晖投资): Established China-focused PE firm with deep experience in growth, buyout, and mezzanine investments across consumer, industrials, and healthcare. Directly comparable to Zhonghe as a long-tenured Chinese PE manager with similar AUM scale and sector breadth.
• Boyu Capital (博裕资本): China-focused PE firm investing across healthcare, consumer, technology, and financial services. Comparable as a sophisticated Chinese PE manager with strong institutional LP base and active participation in Hong Kong and A-share IPO ecosystems.
• CITIC Capital (中信资本): Alternative investment arm of CITIC Group focused on PE, real estate, and structured credit in Greater China. Comparable as a large-scale, China-rooted PE platform with similar institutional LP base and listed-company investment exposure.
• Sequoia Capital China (红杉中国): Major China-focused venture/growth investor backing many of the country's leading tech and consumer companies. Comparable as a category-leading PE/VC firm in China with strong brand recognition and STAR/HKEX IPO track record.

Broad incumbents

• CSC Financial (中信证券): China's largest broker with PE subsidiary (CSC Financial PE). Comparable to Zhonghe in arranging private placements and providing equity capital to A-share listed companies, but at a much larger institutional scale and broader service offering.
• CICC (中金公司): China's premier investment bank with PE/asset management subsidiaries (CICC Capital). Comparable as a participant in A-share private placements and listed-company M&A advisory, though broader in scope as a full-service securities firm.
• Warburg Pincus: Global growth investor with one of the longest-running China PE platforms. Comparable as a peer in China PE investing across growth and listed-company strategies, but operates at a much broader global scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments61 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Zhonghe Capital