The 2023 PEI 300: The World’s Largest Private Equity Firms List was recently released. China Renaissance is delighted to share that it has ascended in its position compared to the previous year, now ranked 104th globally, 5th in the Mainland China, and 6th in Asia.

Initiated by Private Equity International, a leading industry publication, the PEI 300 seeks to track the trajectory of the worldwide private equity arena. This list is held in high esteem, primarily assessing firms based on their fundraising outcomes over the trailing five-year period.

China Renaissance embarked on its investment management journey in 2013. Its cornerstone fund, Huaxing Growth Capital (HGC), oversees four US dollar portfolios and four RMB portfolios. The focus is predominantly on “high-conviction” ventures spanning smart industries, smart technologies, smart healthcare, smart consumer trends, and smart enterprises.

Owing to its comprehensive industry analysis and keen understanding of market trends, HGC has strategically invested in several publicly-traded companies such as Meituan, BEKE, WuXi AppTec, Bilibili, LEADING IDEAL, MGI, POP MART, Navitas, and AInnovation, to name a few. Moreover, HGC has backed standout performers in its focal sectors, with a roster that includes the likes of SVOLT, Dreame, CALTERAH, TSINGJIAO INFORMATION SCIENCE, and Dianxiaomi.

Michael Du, Managing Partner at China Renaissance HGC, commented, “Endurance paves the path for extended ventures, and those with a positive outlook continually forge ahead. Despite the ebb and flow of the capital market, China Renaissance HGC has consistently approached shifts with a rational long-term perspective, championing progress through diligent effort. Our robust investment portfolio stands testament to our unwavering resilience. Looking ahead, China Renaissance HGC remains committed to the paradigm of the smart economy. By leveraging synergies across our Group’s entities, we aspire to furnish our invested firms with tailored services, enhance returns for our Limited Partners (LPs), and make valuable contributions to both society and the wider economy.”