News

DCP, a leading international private equity investment firm, today announced the final closing of the firm's first US dollar private equity fund, DCP Capital Partners I (the "Fund"), which closed at its cap of over US billion in commitments. The Fund was significantly oversubscribed due to strong demand from leading institutional investors around the world, including sovereign wealth funds, pension funds, funds of funds, endowments, and family offices. Including a concurrently raised RMB fund, the total capital commitments reached approximately US.5 billion.

"We very much appreciate the trust and support of our limited partners globally," said David Liu, Executive Chairman and Co-Founder of DCP. "Our limited partners represent some of the largest, most experienced institutional investors in the world with deep insights into investing in Asia. We are grateful for their recognition and endorsement of our team's strong 26 year investment track record and our experience building great enterprises in the region."

Julian Wolhardt, CEO and Co-Founder of DCP, added, "We will continue to apply the disciplined, value-oriented investment approach that we have always practiced to generate attractive returns across multiple economic cycles. We believe this approach, coupled with our strong focus on driving operational improvements in our investee companies, is especially important in today's investment environment."

The leadership team of DCP Capital has been investing since 1993 and has led a number of successful and innovative investments and nurtured numerous industry leaders over the past 26 years. Before co-founding DCP, Mr. Liu was a Partner of KKR, Co-Head of KKR Private Equity Asia and CEO of Greater China and Mr. Wolhardt was also a Partner of KKR and served as its Regional Leader of China. Prior to KKR, Mr. Liu and Mr. Wolhardt led Morgan Stanley's Private Equity business in Asia and China. During this investment history, Mr. Liu and Mr. Wolhardt have invested in and served on the boards of directors of many market-leading companies such as Ping An Insurance, Mengniu Dairy, Haier Electronics, Sunner Development, Belle International, Modern Dairy, China Cord Blood, COFCO Meat, Nanfu Battery, Hengan International, United Envirotech Ltd, Paradise Retail, Asia Dairy, Venus Medtech, and MFS Technology, among others.

"We have been fortunate to have earned the trust of management teams and entrepreneurs of many of the region's leading companies during our 26 years of investment," added Mr. Liu. "We seek to build long term mutually beneficial partnerships that go beyond providing capital, and focus on systematically improving operations and creating value for our investee companies."

The Fund invests in attractive sectors that benefit from domestic consumption upgrades and industry consolidation, including the consumer, industrial technology, healthcare, agriculture / food safety, business services, financial services and TMT sectors. DCP's investment strategy includes both traditional buyout transactions as well as significant minority opportunities. The investment team has developed a strong combination of global experience and local knowledge / networks over the past two decades, enabling them to source attractive, proprietary transactions. At the same time, being an Asia-based fund also allows an efficient decision-making process that fully incorporates their deep understanding of the local culture and business environment.