How much does China Merchants Capital invest per deal?

Based on the size of its funds, China Merchants Capital writes estimated cheques of $957.9K–$10.1M. Lead cheques usually sit at the top of that range and follow-on cheques lower.

What stages does China Merchants Capital invest in?

China Merchants Capital has invested at Angel, Seed, Series A, Series B, Series C and Series D. Its most frequent rounds on record are Series A, Series B and Series C.

How much capital does China Merchants Capital have left to invest?

China Merchants Capital has an estimated $541.7M in dry powder: capital it has raised but not yet invested.

What has China Merchants Capital invested in recently?

Recent investments include CASGS, Lightlink and RealAI. It made 8 investments in the last 12 months.

Where is China Merchants Capital based?

China Merchants Capital is headquartered in Shenzhen, China. It has 1 other office.

How do I contact China Merchants Capital?

Partner names, emails and LinkedIn profiles for China Merchants Capital are on the Capital Atlas Pro and Team plans, which also draft outreach and track replies. Check the stages and cheque size above first, so you pitch a firm that fits your round.

China Merchants Capital

Fund ManagerShenzhen, ChinaFounded 2012cmcapital.com.cn

Est. dry powder

$541.7M

Raised, not yet invested

AUM

$47.1B

Assets under management

Latest fund

$33.5M

Zhuhai Zhaoshang Yinke Fund

Est. cheque size

$957.9K–$10.1M

From fund sizes

Deals, last 12 months

Last seen investing Sep 2026

About China Merchants Capital

China Merchants Capital (CMC) is the alternatives investment management subsidiary of China Merchants Group. The firm targets investment in private equity and real estate sectors. Within private equity, the China-based firm focuses on developing and restructuring of industries including high-tech and equipment machinery. CMC primarily targets the domestic market but will consider overseas opportunities. In the real estate space, CMC specializes in acquisition, redevelopment and management of real estate assets and private equity funds. It targets industrial and commercial properties across China, Hong Kong, Macau and Taiwan.

Type: Fund Manager
Headquarters: Shenzhen, Guangdong, China
Stages: AngelSeedSeries ASeries BSeries CSeries DSeries ESecondaries+1
Est. cheque size: $957.9K–$10.1M
Sectors: Diversified, Information Technology, Consumer Discretionary, Healthcare, Business Services, Telecoms & Media, Energy & Utilities, Industrials, Financial & Insurance Services, Real Estate
Regions: Asia
Strategies: Growth, Buyout

Where they invest

From deals and portfolio companies on record

Most frequent rounds

Series A60
Series B52
Series C42
Angel17
—15

Across 284 deals

Portfolio sectors

Electronics12
Automobiles, Other Vehicles & Parts9
Semiconductors9
Industrial Machinery8
Biotechnology7

Across 259 companies

Portfolio countries

China99
Hong Kong SAR - China1

Across 259 companies

Recent investments

Newest 5 of 284

Sep 2026
CASGS
Sep 2026 · Series C
Series C$89.5MJIC Investment, CAS Investment Management, Chengdu Science and Technology Venture Capital Group, HSG +4
Aug 2026
Lightlink
Aug 2026 · Series A
Series A$148.8MLegend Capital, China Capital Management, HSG, He'nan Investment Group +3
Jul 2026
RealAI
Jul 2026 · Series B
Series B—Innoangel Fund, Z&Y Capital, G&O, Xinglian Capital
Jul 2026
Xynova
Jul 2026 · Series A
Series A$73.8MMeituan, Inc., NIO Capital, Xiaomi Group
Jun 2026
AI² Robotics
Jun 2026 · Unspecified Round
Unspecified Round$735.9MChina International Capital Corporation, Fortune Capital, Sino Biopharmaceutical Limited, Zhejiang XCC Group +22

Offices

2 locations

Shenzhen, Guangdong, ChinaHQ
Hong Kong, Hong Kong SAR - China

China Merchants Capital

About China Merchants Capital

Where they invest

Recent investments

Offices

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