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C Capital has efficiently closed its Personal Fairness Fund III, accumulating over US$250 million in investments from each its essential fund and related co-investment ventures. This marks the agency’s most substantial non-public fairness fund ever raised.
Pushed by sturdy demand from each current and new traders, the fund has exceeded its preliminary goal. The newly launched Fund III boasts partnerships with greater than 20 esteemed traders. These contributors span numerous sectors and areas, encompassing funds of funds, established monetary establishments, and outstanding household workplaces from Asia Pacific, Center East, Europe, and past.
Ben Cheng, C Capital’s CEO and president, highlighted the importance of this various group of traders, stating, “The broad consortium of traders we’ve got attracted for this newest fund not solely gives a boon when it comes to capital injection but in addition stands as an endorsement of C Capital’s observe report and forward-thinking funding paradigms.”
The agency plans to keep up its seasoned funding method with Fund III, specializing in international growth-stage entities throughout the shopper and tech sectors. As of 31 August 2023, practically 35% of C Capital’s portfolio corporations achieved unicorn standing, based mostly on their newest financing spherical valuations. Notable names on this class embody Casetify, Xiao Peng, NIO, Sensetime, Shein, Agile Robots, and Lalamove, amongst others.
This is a better take a look at among the outstanding names inside its diversified portfolio:
Shein: A number one worldwide on-line trend retailer identified for its fashionable, inexpensive attire and equipment.
Animoca Manufacturers: On the forefront of blockchain and gaming, Animoca Manufacturers is acknowledged for its position in introducing non-fungible tokens (NFTs) to mainstream gaming and creating play-to-earn paradigms.
ConsenSys: A key participant in Ethereum blockchain options, ConsenSys focuses on Ethereum software program improvement and developer instruments, having a significant position within the Ethereum ecosystem’s progress.
Sensetime: A globally acknowledged AI firm, Sensetime makes a speciality of laptop imaginative and prescient and deep studying applied sciences and has functions throughout numerous industries, from finance to healthcare.
Threads: Famend within the luxurious trend area, Threads has innovated buying experiences by way of its distinctive tech-forward method, mixing luxurious with the digital age.
Finery: Within the tech-fashion crossover, Finery stands out with its wardrobe working system, serving to customers manage and optimize their clothes collections.
Armarium: Catering to the posh trend sector, Armarium gives high-end trend leases, providing customers entry to the most recent couture with out the dedication of buy.
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Picture supply: Shutterstock
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