CBC Group (CBC; ) is an Asian investment firm headquartered in

Singapore Singapore (), officially the Republic of Singapore, is a sovereign island country and city-state in maritime Southeast Asia. It lies about one degree of latitude () north of the equator, off the southern tip of the Malay Peninsula, borde ...

. It is focused on private investments in the

healthcare Health care or healthcare is the improvement of health via the prevention, diagnosis, treatment, amelioration or cure of disease, illness, injury, and other physical and mental impairments in people. Health care is delivered by health profe ...

and

biotechnology Biotechnology is the integration of natural sciences and engineering sciences in order to achieve the application of organisms, cells, parts thereof and molecular analogues for products and services. The term ''biotechnology'' was first used b ...

industries. It is considered the largest healthcare-focused investment firm in Asia.

Background

The firm was founded in 2014 as C-Bridge Capital in

Shanghai Shanghai (; , , Standard Mandarin pronunciation: ) is one of the four direct-administered municipalities of the People's Republic of China (PRC). The city is located on the southern estuary of the Yangtze River, with the Huangpu River flow ...

with a focus on

private equity In the field of finance, the term private equity (PE) refers to investment funds, usually limited partnerships (LP), which buy and restructure financially weak companies that produce goods and provide services. A private-equity fund is both a ty ...

investments in China's healthcare sector. The firm was partially backed by

Temasek Holdings Temasek Holdings (Private) Limited, or simply Temasek, is a Singaporean state holding company owned by the Government of Singapore. Incorporated on 25 June 1974, Temasek owns and manages a total of US$496.59 billion (S$671 billion) in assets u ...

. C-Bridge Capital would later be rebranded to CBC Group and moved its headquarters to Singapore. CBC primarily invests in late stage companies that already have commercially proven projects which have passed

clinical trial Clinical trials are prospective biomedical or behavioral research studies on human participants designed to answer specific questions about biomedical or behavioral interventions, including new treatments (such as novel vaccines, drugs, dietar ...

s. However it has also funded healthcare Startup Companies with its initial strategy of just making minority investments to later taking a

business incubator Business incubator is an organization that helps startup companies and individual entrepreneurs to develop their businesses by providing a fullscale range of services starting with management training and office space and ending with venture ca ...

approach. Historically the firm has invested primarily in China, Singapore, Taiwan and Hong kong but has also invested in US-based companies that planned to expand in Asia. CBC would often pursue a strategy of backing companies that already have approved products in developed markets and bring them to China. In February 2020, CBC launched its first

Private credit Private credit is an asset defined by non-bank lending where the debt is not issued or traded on the public markets. ''Private credit'' can also be referred to as "direct lending" or " private lending". It is a subset of "alternative credit". T ...

fund, R-Bridge Healthcare Fund which raised $300 million. On 9 June 2021, Summit Healthcare Acquisition a

special-purpose acquisition company A special purpose acquisition company (SPAC; ), also known as a "blank check company", is a shell corporation listed on a stock exchange with the purpose of acquiring a private company, thus making it public without going through the traditional i ...

backed by CBC was listed on the

Nasdaq The Nasdaq Stock Market () (National Association of Securities Dealers Automated Quotations Stock Market) is an American stock exchange based in New York City. It is the most active stock trading venue in the US by volume, and ranked second ...

raising $200 million. In November 2021, CBC launched its Infrastructure fund that would invest in infrastructure projects related to life science companies in China. APG provided $400 million in seed capital with the hard cap being $1.5 billion. CBC is headquartered in Singapore with additional offices Shanghai, Beijing, Hong Kong, New York and Seoul. Notable deals of CBC include the successful listing of Everest Medicines on

Hong Kong Stock Exchange The Stock Exchange of Hong Kong (SEHK, also known as Hong Kong Stock Exchange) is a stock exchange based in Hong Kong. As of the end of 2020, it has 2,538 listed companies with a combined market capitalization of HK$47 trillion. It is repor ...

in 2020 and the privatization of South Korean company, Hugel for $1.4 billion.

References

External links

* {{authority control Chinese companies established in 2014 Companies of Singapore Financial services companies established in 2014 Investment management companies of Singapore Private equity firms of Singapore Venture capital firms of Singapore