Centurium Capital Charts New Course in Sustainability

Centurium Capital is taking a significant step towards a more sustainable future. The company has committed to reducing its carbon footprint by 50% by 2025.

By making this pledge, Centurium Capital is demonstrating its dedication to environmental responsibility. This commitment will likely have a positive impact on the company's operations and reputation.

Centurium Capital's focus on sustainability is not just about reducing its own environmental impact, but also about creating a positive impact on the communities it serves.

Centurium Capital was co-founded in 2017 by David Li and two other partners in Beijing. Li was previously the Head of Asia Pacific at Warburg Pincus.

The firm focuses on acquiring control of companies in China's consumer, healthcare, business services, and technology sectors.

In 2018, Centurium's debut USD-denominated fund, Centurium Capital Partners 2018 L.P., raised $2 billion from investors like GIC, Temasek Holdings, and Ontario Teachers' Pension Plan.

Centurium planned to raise a second USD-denominated fund, targeting $2.5 billion, but paused the fundraising in April 2020 due to an accounting scandal involving one of its portfolio companies, Luckin Coffee.

By April 2022, Centurium had raised $249 million from investors, and in August 2023, the firm reduced the target size of the fund to $1.5 billion.

Centurium Capital has made significant business moves in the past few years. They have successfully expanded their operations to multiple regions, including Latin America and Asia.

Their strategic partnerships with key players in these markets have enabled them to tap into new revenue streams. This has led to a significant increase in their assets under management.

The company's focus on innovation and technology has also allowed them to stay ahead of the competition.

Centurium Capital has released a carbon neutral strategy and roadmap, a testament to its commitment to sustainable growth. This move is in line with the Chinese government's goal of reaching carbon peak by 2030 and achieving net zero by 2060.

The firm has worked with a carbon neutral specialist consulting firm to complete its carbon emission assessment for 2021. This assessment will be an annual task to track its carbon footprint.

Centurium will strengthen its training efforts to support its portfolio companies in areas of carbon management. This will help them make positive contributions to sustainable economic growth.

The firm plans to systematically assess its portfolio companies' contributions to sustainable economic growth and encourage them to disclose their carbon management performance regularly. This will promote transparency and accountability.

By 2050, Centurium commits to reach carbon net zero at its portfolio level. This ambitious goal demonstrates the firm's dedication to reducing its environmental impact.

Centurium Capital is seeking $2.5 billion for its second US dollar-denominated fund, a significant increase from its first fund.

This fund will be focused on China, a market that Centurium has experience in, having been established by David Li, formerly China head at Warburg Pincus, in 2016.

Centurium's first fund, launched in March of last year, had a target of $1 billion and a hard cap of $1.5 billion, which was later increased.

It's worth noting that Centurium was able to reach a final close on its first fund just six months after launch, a relatively quick process.