Leveraged buyouts, growth capital, angel investments, and seed funding—these private transactions take place, largely out of the public’s eye, not only in Connecticut or Silicon Valley, but also in Beijing, Shenzhen, and Shanghai.
In 2016, China’s private equity (PE) and venture capital (VC) firms raised over $70 billion, more than 20% of total such funding globally. At the same time, these firms also deployed capital to the tune of $223 billion, accounting for more than 70% of global PE/VC investments.
As late comers, these Chinese firms have rapidly grown into formidable financiers. Most Chinese PE firms are particularly interested in products and services that can be commercialized and scaled up quickly in China. They tend to invest in areas that align with China’s shift to a more consumer-driven economy. Meanwhile, Chinese VCs have been active players globally, particularly in Silicon Valley. They have focused on areas such as artificial intelligence, Internet of Things, and electric vehicles.
Tsing Capital is a cleantech venture capital firm under the parent Tsinghua Holdings Co., Ltd. Tsing Capital operates a China Environment Fund series and has portfolio companies across new energy, energy efficiency, environmental protection, clean transportation, new materials, and sustainable agriculture market segments. Some of its portfolio companies that have exited through initial public offering include Dongjiang Environment, Haiyuan Group, LDK Solar, and China Sunergy.
Beijing: (010) 5975.6601; Shanghai: (021) 6090.7180; Hong Kong: (852) 3628.3859; California: (650) 489.1199
In November 2015, Tsing Capital, along with BASF Venture Capital, co-led a $22 million investment in QD Vision, a Massachusetts-based quantum dot technology company. QD Vision, the leader in quantum dot technology for QLED displays, will invest to further develop its own intellectual property and to support the company’s growth.
In January 2017, Tsing Capital led a $12 million Series A investment in Bluesmart, a New York-based advanced luggage company.
In December 2013, Tsing Capital led a $21 million, Series C investment, along with National Bank Financial, Venrock, and Oak Investment Partners, in North Carolina-based heating and cooling company, Phononic.