# CICC Private Funds Group

CICC Private Funds Group is a Private Equity Fund of Funds based in Beijing, China.

## Overview

- **Organization type:** Private Equity Fund of Funds
- **Headquarters:** Beijing, China
- **Region:** Asia
- **Address:** Beijing, China
- **Founded:** 1995
- **Assets under management:** Undisclosed
- **Website:** cicc.com
- **LinkedIn:** https://www.linkedin.com/company/cicc

## Regulatory record

- **Reports private funds:** No

## About

CICC Private Funds Group is a private equity fund of funds manager based in Beijing, China. It oversees approximately $56.5 billion in assets and has $34.37 million in dry powder. The firm has 300 staff.

## Sectors

- Private Equity
- Venture Capital
- Real Estate
- Infrastructure
- Secondaries & Special Situations

## Questions

### Does CICC Private Funds Group invest in both RMB and USD-denominated funds?

Yes, the group manages parallel programs across RMB and USD vehicles. The RMB-denominated funds of funds serve Chinese institutional investors and target domestic GPs, while the USD-denominated programs cater to global sovereign wealth funds, pensions, and endowments. This dual-currency structure gives the platform access to GPs that raise exclusively in one currency and allows distinct regulatory and tax treatment for different investor bases.

### What types of private equity strategies does the group target?

The group commits across buyout, growth equity, and venture capital strategies, with additional allocations to real estate and infrastructure funds. Primary fund commitments form the bulk of deployment, supplemented by secondaries purchases and direct co-investments alongside trusted general partners. Its geographic focus rests on Greater China and select pan-Asian strategies, with sector emphasis spanning consumer, healthcare, technology, and advanced manufacturing.

### What is CICC Private Funds Group's known posture on co-investment?

Co-investment is a distinct component of the group's strategy, executed alongside GPs with proven origination capabilities in the Chinese market. By pairing fund commitments with direct co-investment rights, the group seeks to reduce blended fee loads and gain concentrated exposure to specific assets. The co-investment pipeline benefits from CICC's broader investment banking relationships and sector research teams.

### Does CICC Private Funds Group have any known secondary market activity?

The group has transacted in the private equity secondary market, including documented transactions involving LP interests in funds managed by domestic institutions such as Ping An. Its secondary activity functions as both a portfolio management tool and a discrete deployment strategy, allowing the platform to acquire seasoned fund interests at discounts while offering liquidity to sellers navigating China's evolving regulatory landscape.

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

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