Cowin Capital
{{Short description|China-based investment firm}}
{{Use dmy dates|date=December 2023}}
{{Infobox company
| name = Cowin Capital Group
| native_name = 同创伟业集团
| former_name =
| logo = Cowin Capital.png
| type = Public company
| traded_as = {{NEEQ|832793}}
| industry = Investment management
| predecessor =
| foundation = {{start date and age|df=y|2000|06|26}}
| founders = Zheng Weihe "Alex"
Huang Li
| aum = US$4.7 billion (2022)
| assets =
| products = Private Equity
Venture Capital
| homepage = {{URL|cowincapital.com.cn}}
}}
Cowin Capital (Cowin; {{Zh|c=|p=Tóngchuàng Wěiyè|s=同创伟业}}) 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.{{Cite web |date=9 February 2023 |title=China Internet Report 2020 |url=http://www.invest-data.com/eWebEditor/uploadfile/2020073009440911236297.pdf |archive-url=https://web.archive.org/web/20230209141150/http://www.invest-data.com/eWebEditor/uploadfile/2020073009440911236297.pdf |archive-date=9 February 2023 |access-date=9 February 2023 |website=SCMP}}
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.{{Cite web |last=Tseng |first=Hsiang-Ching |date=5 January 2013 |title=Cowin Capital closes fifth fund on $386m |url=https://www.privateequityinternational.com/cowin-capital-closes-fifth-fund-on-386m/ |access-date=9 February 2023 |website=Private Equity International |language=en-GB |archive-date=9 February 2023 |archive-url=https://web.archive.org/web/20230209134703/https://www.privateequityinternational.com/cowin-capital-closes-fifth-fund-on-386m/ |url-status=live }}{{Cite book |last=刘平生 |url=https://books.google.com/books?id=Y0WhEAAAQBAJ&pg=PT170 |title=深圳经济特区金融40年 |last2=何杰 |date=26 January 2022 |publisher=Social Sciences Literature Press |isbn=978-7-5201-9390-0 |language=zh |access-date=3 July 2023 |archive-date=5 June 2023 |archive-url=https://web.archive.org/web/20230605192002/https://books.google.com/books?id=Y0WhEAAAQBAJ&pg=PT170 |url-status=live }} 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).
In 2007, Cowin raised its first fund of RMB 50 million. Between 2007 and 2011, Cowin expanded rapidly raising five funds and RMB 4 billion in total. Cowin's funds had a shorter tenure of five years compared to 10 years which was common among their western counterparts.
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. Cowin would then use its expertise and contacts to guide these companies to an IPO.
In July 2015, Cowin became a publicly listed company on the National Equities Exchange and Quotations.{{Cite web |title=Investors - Linktel Technologies-Explorer of Datacenter Transceivers |url=http://www.linkteltech.com/index.php?r=commpany/investor&id=208 |access-date=9 February 2023 |website=www.linkteltech.com |archive-date=9 February 2023 |archive-url=https://web.archive.org/web/20230209133915/http://www.linkteltech.com/index.php?r=commpany/investor&id=208 |url-status=live }}{{Cite web |title=NEEQ's tighter listing norms spook PE firms 丨 Business |url=https://www.chinadailyasia.com/business/2016-06/06/content_15444937.html |access-date=9 February 2023 |website=data:blog.title |archive-date=9 February 2023 |archive-url=https://web.archive.org/web/20230209133915/https://www.chinadailyasia.com/business/2016-06/06/content_15444937.html |url-status=dead }} According to its 2015 annual report, 90% of its income came from fund management fees.
References
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{{Private equity and venture capital}}
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Category:Chinese companies established in 2000
Category:Companies based in Shenzhen
Category:Financial services companies established in 2000
Category:Investment management companies of China