China Merchants Capital (CMC) is a Chinese alternative investment firm founded in 2012 that is headquartered in Shenzhen and Hong Kong. It is currently a joint venture (JV) between China Merchants Group (CMG) and GLP.
In June 2021, Private Equity International ranked CMC as the largest private equity firm in Asia-Pacific based on total fundraising over the most recent five-year period.[1]
In June 2024, China Merchants Capital ranked 48th in Private Equity International's PEI 300 ranking among the world's largest private equity firms.[2]
Background
CMC was originally the investment arm of CMG before being officially launched as a fully-fledged private equity manager in 2012.[1]