China Development Bank Capital
China Development Bank Capital is a wholly-owned subsidiary of China Development Bank, a policy bank of China under the State Council. Established in 2009 with a registered capital of USD 58 billion, CDB Capital is responsible for making investments in equity sectors and has invested in over 20 funds and 400 projects. Industries it has a preference for include: diversified/conglomerates, agribusiness, business services, consumer services, energy & utilities, environmental services, insurance, financial services, hardware, healthcare, industrial machinery, industrials, information technology, software/internet, logistics & distribution, marketing/advertising, manufacturing, media (text; video; audio), medical devices & equipment, power & utilities, transportation services, raw materials & natural resources, renewable energy, telecoms & media. Verticals it has a preference for include: artificial intelligence (AI)/machine learning, cloud computing, ecommerce, IoT (internet of things), social media. Its preferred route(s) to market include: primary funds, fund of funds. First-time funds may be considered.