CITIC Capital overview
Stories about CITIC Capital
Q1 a ‘write-off’ for exits as coronavirus fears hit Asia’s consumer sector
Businesses such as McDonald’s China, which is owned by the Carlyle Group and CITIC Capital, have announced temporary closures in certain regions.
CITIC raises fourth-largest-ever China-focused fund
Among domestic managers only Baidu Capital, Boyu Capital and China Development Bank have raised larger vehicles.
CITIC Capital raises $2.8bn
The alternative investment management and advisory company closes its largest private equity fund to-date.
Riding the China buyout wave
Adapting a US buyout model to China requires patience, local know-how and a willingness to learn from mistakes, says Yichen Zhang, the founder of CITIC Capital
WATCH: China lacks buyout operating talent pool – CITIC Capital
The private equity firm's founder and chief executive, Yichen Zhang, says that while China’s private equity industry is shifting to buyouts, the absence of operating talent still remains a challenge.
CITIC Capital contact information
Offices
28/F, CITIC Tower, 1 Tim Mei Avenue, Central, Hong Kong, , Hong KongContacts
| Name | Job title | Location | |
|---|---|---|---|
Key Contact Mr. Eric Chan | Job titleChief Financial Officer, Chief Investment Officer and Senior Managing Director | LocationHong Kong, Hong Kong | Email  ----- |
| Key ContactMr. Weifeng Zhou | Job titleCo-CIO and MD, Asset Management | LocationShanghai, China | Email ------ |
| Ms. Annie Fung | Job titleChief Operating Officer and Senior Managing Director | LocationHong Kong, Hong Kong | Email ----- |
| Mr. Yichen Zhang | Job titleChairman and Chief Executive Officer | LocationHong Kong, Hong Kong | Email ---------- |
CITIC Capital fund commitments
Known fund commitments: 1
| Fund | Manager | Commitment date | Commitment size |
|---|---|---|---|
Manager ------ | Commitment date- | Commitment size- | |
CITIC Capital funds managed
Funds in market: 2
| Fund | Fund size | Open date | Strategy |
|---|---|---|---|
Fund size ------- | Open dateMar 2026 | Strategy --------- | |
Fund size -------- | Open dateJun 2024 | Strategy ----- | |
Closed funds: 25
| Fund | Fund size | Close date | Strategy |
|---|---|---|---|
Fund size --------- | Close dateSep 2025 | Strategy ------ | |
Fund size ---------- | Close dateAug 2025 | Strategy ------- | |
Fund size ------ | Close dateDec 2024 | Strategy ----------- | |
Stories that mention CITIC Capital
APAC’s fundraising slide continues
Asia-Pacific’s presence on the PEI 300 has been slowly shrinking amid a ‘particularly difficult fundraising environment’ for the region.
China's private equity firms cede ground in PEI 300 fundraising list
More than two-thirds of firms in Hong Kong and mainland China saw lower rankings in this year’s list.
Side Letter: Moonfare's retail expansion; BlackRock's fee transparency; China's PE acid test
Fundraising platform Moonfare has Europe's retail investors in its crosshairs. Plus: BlackRock is getting more transparent on fees and a Chinese GP may prove something of a bellwether for Western LP appetites in a difficult fundraising environment. Here's today's brief, for our valued subscribers only.
EMPEA: 'Asia is most attractive region'
EMPEA is looking to get deeper into Asia, say its chief executive Cate Ambrose, and Julie Ruvolo, managing director of venture capital.
Side Letter: Diversity index, Ares soccer plans, Carlyle on climate change
An in-depth tour of one firm's approach to climate change and more details of Ares' plan for soccer domination: here's today's brief, for our valued subscribers only.
Ares emerges as backer of group targeting Premier League football club
Documents seen by PEI show Kapital Football Group is seeking around $270m of equity capital for phase one of a plan that includes acquiring a 'mid-table' Premier League club.
Side Letter: Coronavirus and consumer assets, EQT in Oz, the illiquidity premium
An update on how coronavirus is being felt by consumer-facing businesses in China; EQT makes it official in Oz; and where the FT went wrong. Here’s today's brief, for our valued subscribers only.
China’s sluggish fundraising grinds to a full stop
The coronavirus epidemic could not have come at a worse time for domestic PE firms, some of which have already been struggling on the fundraising trail.