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Co-harvest Capital
Wu Yue chairs Co-harvest Capital, a Chongqing investment firm that co-invested with Bohai Industrial in the landmark $17B Sinopec Sales restructuring.
Co-harvest Capital
Co-harvest Capital was founded by Wu Yue, who serves as its chairman and legal representative, with Tao Faqiang as general manager. The firm is anchored in Chongqing, a sprawling municipality that serves as a logistics gateway for western China. While the firm operates as a generalist asset manager, its public record centers on a series of growth-stage investments in industrial and energy assets that align with state-backed restructuring initiatives. Co-harvest's strategy spans direct equity investments across multiple asset classes, including energy infrastructure, industrial technology, and enterprise software. The firm's most notable deployment was its co-investment alongside Bohai Industrial Investment Fund in Sinopec Sales Co., Ltd., the fuel-marketing subsidiary of China Petroleum & Chemical Corporation. That deal, which closed in 2014, drew RMB 107 billion from 25 investors and ranked among the largest private placements in China at the time. Co-harvest has also co-invested with Dehua Ventures in NineStars, an enterprise software company. The firm maintains a geographic focus on China's domestic market, sourcing deals from its dual offices in Chongqing's Yuzhong and Yubei districts. Co-harvest maintains two commercial offices in Chongqing. Yi Jing, a former investment director at the firm, contributed to regulatory research that informed the firm's approach to state-linked investment opportunities. The firm does not publicly disclose its total assets under management, professionals count, or fund-level return data. The firm has not publicly announced any new fund closes, senior hires, or portfolio exits since 2014 based on available records. Co-harvest's structural posture is shaped by its deep alignment with municipal and provincial investment vehicles in western China. Its collaboration with Bohai Industrial Investment Fund, a Tianjin-based state-backed fund manager, on the Sinopec deal demonstrates a co-investment model that pairs local private capital with state-directed industrial restructuring mandates — a pattern distinct from the venture-driven technology investing concentrated in Beijing and Shanghai.
General information
Firm type
Generalist
Year founded
—
AUM
Undisclosed
Location
Region
Asia
Country
China
City
Chongqing
Corporate office
Room 36-3, No. 28 Minquan Road, Yuzhong District, Chongqing, China
Additional offices
12th Floor, Gemini A, Expansion Area of High-tech Park, Yubei District, Chongqing, China
Principals
Wu Yue
Chairman and Legal Representative
Tao Faqiang
General Manager
Yi Jing
Former Investment Director
Sector focus
Frequently asked questions
Who runs investment decisions at Co-harvest Capital?
Wu Yue serves as Chairman and Legal Representative, and Tao Faqiang is listed as General Manager. Yi Jing previously served as an Investment Director focused on regulatory research. The firm has not publicly detailed a formal investment committee structure.
Does Co-harvest participate in fund commitments or only direct deals?
Based on the available record, Co-harvest has executed direct equity co-investments, such as its stake in Sinopec Sales and NineStars. There is no public evidence of the firm participating in third-party fund commitments.
What was Co-harvest's role in the Sinopec Sales deal?
Co-harvest co-invested alongside Bohai Industrial Investment Fund in the 2014 restructuring of Sinopec Sales Co., Ltd., a transaction that drew RMB 107 billion ($17 billion) from 25 investors. The deal represented one of China's largest private placements and opened Sinopec's retail fuel and convenience-store network to outside capital.
Where does Co-harvest Capital source its investment capital?
Co-harvest does not publicly disclose its capital base or limited partners. The firm's co-investment history with Bohai Industrial Investment Fund, a state-linked fund manager, suggests alignment with municipal and state-directed pools of capital in western and northern China.
Is Co-harvest Capital still actively deploying capital?
Co-harvest has not announced any new investments, fund closings, or portfolio exits since its participation in the Sinopec Sales restructuring in 2014, based on current public records. There is no public indication of a change in operational status.
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