Cowin Capital

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]

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; 25 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]

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]