# China Everbright Limited

China Everbright Limited is an Asset Manager based in Admiralty, Hong Kong.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Admiralty, Hong Kong
- **Region:** Asia
- **Address:** Hong Kong, Hong Kong
- **Founded:** 1997
- **Assets under management:** Undisclosed
- **Website:** www.everbright.com
- **LinkedIn:** https://www.linkedin.com/company/china-everbright-limited
- **Wikidata:** Q4036126

## Regulatory record

- **CRD number:** 163000
- **SEC file number:** 802-75594
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/163000

## About

China Everbright Limited is an exempt reporting adviser in ADMIRALTY, established in 2012. It operates under this registration.

## Questions

### What is China Everbright Limited's relationship to the Chinese government?

China Everbright Limited is a subsidiary of China Everbright Group, a financial conglomerate directly supervised by China's State Council. The group itself is a state-owned enterprise, making China Everbright Limited an instrument of state-directed investment policy, particularly for cross-border capital deployment. Its decisions are aligned with Beijing's industrial and financial strategic goals.

### Does China Everbright Limited invest out of a blind pool or a state balance sheet?

The firm operates as a principal investor using the parent group's balance sheet, alongside structured fund vehicles. This hybrid model means it does not rely solely on third-party fundraising; state-linked capital gives it a permanent source of funding for both direct investments and fund commitments. The exact mix between on-balance-sheet and fund-based deployment has shifted with Chinese regulatory cycles.

### What types of investment structures does China Everbright Limited use?

The firm engages in direct private equity buyouts, venture capital, distressed debt, and fund-of-funds commitments. It often anchors or acts as a limited partner in funds managed by external general partners, leveraging its state backing to access co-investment rights. Structured finance and complex situations also form part of its toolkit, reflecting the parent group's broader banking capabilities.

### How does China Everbright Limited source deals?

Deal flow is driven by the state-owned ecosystem: introductions through parent group relationships, Chinese policy banks, Belt and Road initiatives, and state-guided industrial funds. This relationship-based sourcing differs from the proprietary origination networks of independent private equity firms. Access to state-blessed transactions in critical industries is a key advantage, though it also subjects the firm to political risk.

## Related profiles

- [China Capital Management](https://altss.com/profile/china-capital-management)
- [China Investment and Development Company](https://altss.com/profile/china-investment-and-development-company)

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Last updated: 2026-08-14T12:30:00.000Z

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