DCP Capital is an international private equity firm established in 2017 and headquartered in Beijing, China. The firm specializes in identifying investment opportunities across various sectors, including healthcare devices, semiconductors, commercial services, agriculture, and manufacturing, primarily within Mainland China, Hong Kong, Macau, and Taiwan. The DCP team boasts significant experience, having previously led private equity operations at notable institutions, and maintains a strong track record through diverse economic conditions. DCP Capital focuses on building long-term value in its portfolio companies while leveraging its extensive industry knowledge and network.
Managing Director and Member of the Investment Committee
David H. Liu
Co-Founder, Executive Chairman and member of the Investment Committee
Wayne Wang
Partner / Managing Director
Julian Wolhardt
Co-Founder, CEO and member of the Investment Committee
Howard Zhang
Managing Director
18 past transactions
Sun Art Retail Group
Acquisition in 2025
Sun Art Retail Group is a retail company with hypermarket and fast-growing e-commerce businesses. Sun Art Retail operates its hypermarket business under two recognized banners – “Auchan” and “RT-Mart”. As of December 2019, Sun Art Retail had a total of 486 outlets in China with a total gross floor area (“GFA”) of approximately 13 million square meters, covering 232 cities across 29 provinces, autonomous regions, and municipalities. The priorities of Sun Art Retail Group is to restructure hypermarket complexes, to explore multi-formats and omni-channels, and to become a leader in digital transformation for physical stores and a benchmarking enterprise for New Retail.
Jamieson Wellness
Private Equity Round in 2023
Jamieson’s family of 225 quality supplements, including more than 50 groundbreaking proprietary formulations, support vitality and promote optimal wellness for the entire family. All Jamieson products contain only the highest-quality ingredients from a worldwide network of natural-source suppliers. We conduct our own research, testing, manufacturing, packaging and distribution at our state-of-the-art laboratories in Windsor, Ontario. All formulas are produced according to our 360 Pure promise, guaranteeing a minimum of 360 quality-control tests to ensure full potency and absolute clinical purity. “Good for you. Good for the planet.” Our passion for improving human wellness naturally extends to a respect for the environment and animals. Jamieson Cares supports reforestation and animal-protection projects in Canada and around the world.
Jamieson Wellness
Post in 2023
Jamieson’s family of 225 quality supplements, including more than 50 groundbreaking proprietary formulations, support vitality and promote optimal wellness for the entire family. All Jamieson products contain only the highest-quality ingredients from a worldwide network of natural-source suppliers. We conduct our own research, testing, manufacturing, packaging and distribution at our state-of-the-art laboratories in Windsor, Ontario. All formulas are produced according to our 360 Pure promise, guaranteeing a minimum of 360 quality-control tests to ensure full potency and absolute clinical purity. “Good for you. Good for the planet.” Our passion for improving human wellness naturally extends to a respect for the environment and animals. Jamieson Cares supports reforestation and animal-protection projects in Canada and around the world.
Simple Love
Series C in 2022
Simple Love is a natural yoghurt brand.
51job
Acquisition in 2022
51job.com is a recruitment website in China, with over 72 million registered members, the largest resume database, and the highest peak traffic of daily page views. It offers a broad array of services in the areas of recruitment solutions, training and assessment, and HR outsourcing and consulting services. Combining the strengths of traditional and new media, 51job.com delivers an integrated recruitment solution by leveraging technology and expertise with a large staff of experienced professionals. 51job.com serves many domestic and multinational corporate clients through 25 offices in Mainland, China. On average, there are over 2.7 million job postings online, and approximately 38 million applications are delivered through 51job.com to potential employers every week. According to industry reports by iResearch, 51job.com has been ranked number 1 in market share for several consecutive years. It has also received recognition from several industry watchers such as CNNIC, Alexa and Euromonitor, honoring 51job.com as ""China's Most Influential Recruitment Website"" and ""World's 100 Best Chinese Websites."" Launched in 1998, 51job.com is an influential HR services provider in China.
Adopt A Cow
Series B in 2021
Adopt A Cow is a fast-growing, direct-to-consumer dairy company in China that integrates digital solutions into its core operations.
Datong
Private Equity Round in 2021
Datong Insurance is a professional third-party financial insurance service organization. Datong’s subsidiaries include Datong Insurance Sales Service Co., Ltd., Beijing Datong Insurance Brokers Co., Ltd., among which Datong Insurance Sales Service Co., Ltd. is approved by the China Insurance Regulatory Commission. The first national insurance professional sales and service organization approved to be established. At present, the Datong service network has covered more than 20 provinces and municipalities across the country.
Valgen Medtech
Series B in 2021
Valgen focus on treatment technologies and systemic solutions for heart disease, especially for mitral and tricuspid valve lesions.
Adopt A Cow
Private Equity Round in 2021
Adopt A Cow is a fast-growing, direct-to-consumer dairy company in China that integrates digital solutions into its core operations.
Simple Love
Series B in 2021
Simple Love is a natural yoghurt brand.
Furong Xingsheng
Venture Round in 2021
Furong Xingsheng, founded in 2009 and based in Changsha, China, operates a network of convenience stores that focus on community shopping. The company offers a variety of fresh products, including vegetables, fruits, meat, poultry, seafood, and general merchandise. It employs a novel retail model that combines online ordering with offline pick-up, catering to the daily needs of household consumers. In addition to its retail operations, Furong Xingsheng also specializes in B2B logistics and distribution services, enhancing its efficiency in serving the local market.
Fenbi
Series A in 2021
Fenbi Wang provides vocational education examination services.
Yuanfudao
Series G in 2020
Founded in 2012, Yuanfudao is the largest online live courseplatform servicing primary and secondary school students in China. With a paying userbase of over 1 million, Yuanfudao offers a comprehensive curriculum spanning fromprimary school English, Mathematical Olympiad to all-subject courses in secondaryschool. Its unique online feature and large pool of quality teachers enable students toaccess live online tutoring at home taught by national renowned teachers, benefitinghundreds of thousands of students across the country.
Broncus Medical
Series C in 2020
Broncus Medical is a medical technology company specializing in the development of minimally-invasive devices for treating lung diseases, particularly emphysema. The company is known for its Exhale product line, which features the patented Airway Bypass technique, potentially being the first minimally-invasive procedure for homogeneous emphysema, a common form of the disease affecting many patients. Broncus is actively enrolling participants in its pivotal EASE Trial to evaluate this innovative treatment for severe homogeneous emphysema. In addition to its emphysema-focused efforts, Broncus operates within the interventional pulmonology sector, offering a range of products designed to enhance the diagnosis and treatment of lung conditions, including lung cancer and chronic obstructive pulmonary disease (COPD). The company is headquartered in Mountain View, California, with an international presence in Nyon, Switzerland.
Tonghua Dongbao Pharmaceutical
Post in 2020
Tonghua Dongbao Pharma develops and markets recombinant human insulin for the treatment of diabetes.
Far East Horizon
Post in 2019
Far East Horizon is a financial services organization. Far East Horizon is devoted to providing its customers with tailored industrial integrated operation services through continual innovation of products and services. Far East Horizon develops industry integrated operation services such as financial services, industrial investment and operation, operational leasing ,trade brokering, management consulting and construction services for multiple fields including health, packaging, transportation, construction, machinery, education, textiles, electronic information and public utilities. By matching up the organizational operation of financial resources with the discovery and cultivation of industrial resources, Far East Horizon creates an operational advantage with the characteristics of joint development of finance and industry.
Venus Medtech
Private Equity Round in 2018
Venus MedTech (Hangzhou) Inc. specializes in the development and commercialization of transcatheter heart valve medical devices, primarily serving Mainland China and international markets. The company's flagship products include the VenusA-Valve, designed for the treatment of severe aortic stenosis, and the upgraded VenusA-Plus. Additionally, Venus MedTech offers the VenusP-Valve for right ventricular outflow tract dysfunction, along with balloon aortic valvuloplasty catheter systems and the TriGUARD3 cerebral embolic protection device, which aims to reduce the risk of cerebral damage during structural heart procedures. Founded in 2009 and headquartered in Hangzhou, the company is positioned to meet the growing clinical demands for interventional artificial cardiac valve solutions, having already completed clinical tests for its products in China.
Guorui New Materials
Guorui New Materials produces special graphite and provides supporting products for high - temperature gas cooled reactor nuclear fuels.
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