Private Equity

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CMAF

CMAF is an investment management company founded in 2013 in Shenzhen, China. It specializes in mergers and acquisitions within the financial sector, focusing...

CMAF logo

CMAF

CMAF is an investment management company founded in 2013 in Shenzhen, China. It specializes in mergers and acquisitions within the financial sector, focusing on restructuring and upgrading through investments in enterprises. CMAF has made 21 investments, including a Seed VC in Xinshanghe Electronics on July 26, 2022, and has facilitated 6 portfolio exits, with QYuns exiting on March 20, 2024.

General information

Firm type

Private Equity

Year founded

2013

AUM

Undisclosed

Location

Region

Asia

Country

China

City

Shenzhen

Corporate office

Shenzhen, China

Frequently asked questions

What investment strategies does CMAF employ?

CMAF operates across buyout, growth equity, venture capital — including seed and start-up stages — and PIPE transactions. This multi-strategy approach allows the firm to deploy capital from early-stage technology investments to control positions in mature enterprises, all within the Chinese market.

Where is CMAF's primary investment focus geographically?

CMAF is headquartered in Shenzhen and concentrates its investments within China. The firm's location in the Greater Bay Area suggests proximity to technology, manufacturing, and export-oriented enterprises, though specific portfolio companies have not been publicly disclosed.

Does CMAF manage external capital or function as a family office?

CMAF is structured as an asset manager rather than a single-family office. However, the firm has not publicly disclosed its limited partner base, fund structures, or whether it manages third-party institutional capital alongside proprietary funds.

What is CMAF's known track record or portfolio?

Specific portfolio companies, fund vintages, and realized exits have not been publicly documented by CMAF or reported in major financial media. The firm maintains a low public profile consistent with many domestic Chinese private equity platforms.

How does CMAF's multi-strategy model differ from typical Western private equity firms?

Unlike Western firms that often separate venture, growth, and buyout teams into distinct funds, CMAF integrates these strategies within a single platform. This blended approach is not unusual among Chinese GPs, where firms frequently manage cross-stage mandates to serve domestic entrepreneurs and state-linked capital sources.

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