(Hong Kong, 6 Aug 2025) – Trustar Capital (the private equity affiliate of CITIC Capital Holdings Limited) is pleased to announce the final closing of its latest RMB buyout fund (hereinafter referred to as the “New RMB Buyout Fund” or “the Fund”) with a total size exceeding RMB4.5 billion. Following this fundraising, Trustar Capital’s total assets under management (AUM) reach USD9.59 billion.
The Fund has attracted a diverse group of institutional investors, primarily comprising government guidance funds, insurance capital, funds of funds, securities companies, and corporates. Established in the Suzhou Industrial Park, a national-level economic and technological development zone, the Fund will leverage the industrial cluster advantages of the Yangtze River Delta region to drive deeper integration of capital and industry.
The Fund will adhere to Trustar Capital’s core investment strategy, focusing on control buyouts across its key sectors and around its portfolio ecosystem, targeting high-growth companies.
Since its inception, Trustar Capital has invested in leading companies across various sectors, completing a number of landmark transactions, including McDonald’s China, TrustLink, GuiLong Pharmaceutical, OmniVision and AsiaInfo. This experience has enabled Trustar Capital to build a robust portfolio ecosystem.
Yichen ZHANG, Chairman and CEO of CITIC Capital and Chairman of Trustar Capital, stated: “Despite a complex and evolving global landscape, China’s economy has demonstrated resilience and maintained steady growth. The domestic private equity industry is navigating a period of adjustment, making the successful final closing of our new RMB Buyout Fund especially meaningful. The achievement reflects strong investors confidence in our strategy and track record, as well as the continued trust and expectations of both new and existing limited partners. It underscores our shared confidence in China’s economic outlook.”
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About Trustar Capital
Trustar Capital (the private equity affiliate of CITIC Capital Holdings Limited), focuses on control buyout opportunities globally and has completed over 100 investments since inception across China, Japan, U.S., Europe, etc. Trustar Capital currently manages USD9.59 billion of committed capital. For more information, please visit http://www.trustarcapital.com/.
Founded in 2002, CITIC Capital Holdings Limited is an alternative investment management and advisory company. The firm manages aapproximately USD14 billion of capital across 100 funds and investment products through its multiple asset class platform covering private equity, real estate, structured investment & finance, asset management, and special situations. CITIC Capital has over 300 portfolio companies that span 10 sectors and employ over 500,000 people around the world.
For media enquiries, please contact:
Cindy TAM
Director, Corporate Relations
CITIC Capital Holdings Limited
Tel: +852 3710 6813
cindytam@citiccapital.com
Irene GAO
Senior Associate, Corporate Relations
CITIC Capital Holdings Limited
Tel: +852 3710 6814
irenegao@citiccapital.com