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CDH Investments raises $310m for Chinese data centre fund, mulls new capital raising round

The firm’s investor base also sums sovereign wealth funds, pension funds, insurance companies, endowments and foundations, family offices and fund-of-funds.

By João Marques Lima

Founder and Editor, The Tech Capital

2 Mins

July 01, 2021 | 1:55 AM BST

CDH Investments raises $310m for Chinese data centre fund, mulls new capital raising round

CDH Investments' management team, including Wu Shangzhi (Chairman), JIAO Shuge (CEO), Stuart Schonberger (MD), Hu Xiaoling (MD), Wang Lin (MD), Wang Zhenyu (MD), Li Gang (Executive Chairman, Cephei Capital), Ying Wei (MD, Wealth Management), Hu Ning (MD, Mezzanine and Credit), Guo Li (CFO), William HSU (MD, Head of LCR). Source: CDH Investments

Beijing-based alternative asset management firm CDH Investments has raised 2 billion yuan (US$310 million) for its first data centre fund.

The money was raised via the company’s sub-fund CDH Mezzanine and Credit Fund, with the fund-raising campaign having started in April 2020. This is reportedly China’s first data centre focused fund.

The fund secured 1.5 billion yuan ($228 million) around November last year. Major backers of the fund included China Pacific Insurance and Taikang Insurance. Other endowment funds and private equity-owned conglomerates took part in the proceedings too.

CDH has explained it intends to use the capital raised to work with current operations providing data centre services in China. However, the firm also said it intends to invest in new projects.

CDH Mezzanine and Credit Fund first debuted in the data centre space in 2017 having so far invested 3 billion yuan ($465 million) in the sector with three successful exits.

The asset fund is currently mulling the launch of a second data centre fund and said it has intentions to invest in over ten projects, including self-owned and buyouts.

CDH has relationships with hundreds of international and domestic institutional investors including private equity, venture and growth capital, mezzanine and real estate.

The firm’s investor base also sums sovereign wealth funds, pension funds, insurance companies, endowments and foundations, family offices and fund-of-funds from North and South America, Europe, Middle East, Australia, China and Asia.

Some of those investors include GIC, CPP Investment Board, SSF, IFC, Maryland, CAS Holdings, Asia Alternatives, CDB Capital, LGT Capital Partners, ALP Invest, StepStone, Varma and Hamilton Lane.

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Founder and Editor, The Tech Capital

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