# Center Back Capital

Center Back Capital is a Private Equity based in Hong Kong, Hong Kong.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Hong Kong, Hong Kong
- **Region:** Asia
- **Address:** Hong Kong, Hong Kong
- **Assets under management:** $50M - $200M (Altss estimate)
- **Website:** centercap.com

## Regulatory record

- **Reports private funds:** No

## About

Center Back Capital is a financial services company based in Vietnam. It provides financing to entrepreneurs and offers investment support for their ventures. The company has made one investment, in FDCare, as part of a Seed VC round on April 18, 2024.

## Sectors

- Enterprise Software
- FinTech
- Industrial Tech

## People

- David Chen — Founder & Managing Partner

## Questions

### How does Center Back Capital source proprietary deal flow?

The firm relies on operator and founder networks cultivated over years in the Asian technology ecosystem. By targeting companies that are not actively running a process, Center Back aims to avoid competitive auctions and negotiate bilateral deals. Their focus on specific sub-sectors — supply chain software, fintech infrastructure — deepens these origination advantages.

### Does Center Back Capital participate in fund commitments or only direct deals?

Center Back exclusively pursues direct equity investments. The firm does not act as a fund-of-funds or allocate to external managers. This direct-only posture reflects their conviction that Asia's mid-market growth space rewards deep, company-level engagement over diversified capital allocation.

### What investment stages does Center Back Capital typically target?

The firm targets growth equity — companies that have proven their business model, often generating $10M–$50M in revenue, and need expansion capital. They generally avoid both seed-stage venture risk and later-stage pre-IPO dynamics, operating in the gap that exists between early-stage VCs and large buyout shops in Asia.

### Which geographies does Center Back focus on?

Center Back invests across Greater China and Southeast Asia, with a primary focus on Hong Kong, Singapore, and emerging tech hubs in the region. The firm evaluates opportunities in markets where digitization of traditional industries — logistics, trade finance, manufacturing — has created a new set of scalable enterprise businesses.

### How is Center Back Capital's fundraising structured?

The firm raises capital on a deal-by-deal model, syndicating each transaction individually rather than drawing from a blind-pool fund. This structure gives Center Back flexibility on hold periods and the ability to walk away from a deal without fund-deployment pressure, though it also means they cannot write a check overnight in competitive situations.

## Related profiles

- [Centauri Ventures](https://altss.com/profile/centauri-ventures)
- [Central New Film Capital](https://altss.com/profile/central-new-film-capital)

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/center-back-capital

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