
Primavera Capital Group has a strong foundation in fund management, with a team that has managed over $60 billion in assets. This impressive track record is a testament to their expertise.
Their portfolio is diverse and global, with investments in various sectors such as technology, healthcare, and consumer goods. They have also invested in companies like Baidu, which has a market value of over $40 billion.
Their funds are designed to be flexible and adaptable, allowing them to respond quickly to changing market conditions. This approach has helped them achieve consistent returns for their investors.
With a focus on long-term growth, Primavera Capital Group is well-positioned to continue delivering strong results for their investors.
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Fund Performance
Primavera Capital Group has a strong track record of investing in high-growth companies in China and globally.
Their fund performance has been impressive, with a significant increase in assets under management over the years.
In 2020, the firm's flagship fund, Primavera Capital Fund III, achieved a net internal rate of return (IRR) of 21.6% after a 3-year investment period.
Fund History
Primavera Capital Group has a significant track record with 10 funds under its belt.
The group's largest fund, Primavera Capital Group Fund IV, closed with a whopping $4 billion in 2023.
Primavera Capital Fund III LP, a diversified private equity fund, closed with $3.4 billion in 2019.
The group's venture arm, Primavera Venture Partners QELP Fund, closed with a relatively modest $100 million in 2023.
Here's a brief rundown of some of Primavera's funds:
Funds: 2
There are only 2 funds available in the market right now, which is a relatively small number.
The Primavera Capital Fund IV is one of these funds, and it closed on February 2023.
Its fund size is not specified in the available information.
The other fund, which is not named, closed in March 2022.
Unfortunately, the fund size for this unnamed fund is also not provided.
Here are the available details for the two funds:
Portfolio
Primavera Capital Group has a diverse portfolio, with a notable presence in the Chinese market. They were an anchor pre-IPO investor of Alibaba and have also invested in multiple subsidiaries of it, including Alipay, Ant Group, and Cainiao.
Primavera has made significant investments in various sectors, such as acquiring a $460 million stake in Yum China in 2016, and later selling Reckitt's infant-formula and child-nutrition business in China to Primavera for $1.3 billion in 2021.
Their investments also include a strategic partnership with Envision Energy in 2021, and joining as a new investor for GoTo the same year.
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Notable Deals
Primavera Capital Group has made some impressive investments over the years.
One notable deal was their acquisition of a $460 million stake in Yum China in 2016, before it was spun off from Yum! Brands and listed on the NYSE.
Primavera has also invested in multiple subsidiaries of Alibaba, including Alipay, Ant Group, and Cainiao.
In June 2021, Reckitt announced it would be selling its infant-formula and child-nutrition business in China to Primavera for $1.3 billion.
Here are some of Primavera's notable deals:
Primavera has also made investments in Envision Energy and GoTo, among others.
14 Portfolio Exits
Primavera Capital Group has a significant track record of portfolio exits. They have managed to exit 14 of their portfolio companies.
Their latest portfolio exit was China Asset Management, which occurred on June 5, 2024. This exit was a shareholder liquidity event.
The valuation of China Asset Management's exit was not publicly disclosed. However, the valuation of Ubox's IPO exit in 2023 was reportedly in the millions.
Ubox's IPO exit was a public offering, where the company raised funds by issuing shares to the public. This type of exit is also known as an IPO - II.
Primavera Capital Group has also exited 4Paradigm through an IPO. This exit occurred on September 28, 2023.
Here are the details of Primavera Capital Group's portfolio exits:
Primavera Capital Group has also exited other companies through IPOs. However, the details of these exits are not publicly disclosed.
Company Information
Primavera Capital Group is a private investment firm based in Beijing, China. It was established in 2010.
The firm primarily focuses on private equity and special situations opportunities in China. It has also diversified into Southeast Asia and North America in recent years.
Primavera Capital Group employs a flexible strategy of growth capital, control-oriented, and restructuring investments. This approach aims to create long-term value by working closely with portfolio companies to improve operational efficiency, competitiveness, and earnings growth.
The firm's headquarters is located at 48/F, China World Tower 3-A, 1 Jian Guo Men Wai Avenue, Beijing, 100004, China. You can contact them at +86 10 8559 8988 or visit their website at www.primavera-capital.com.
Here are the key offices of Primavera Capital Group:
Primavera Capital Group has a team of 20 professionals, but their specific roles and expertise are not mentioned in the provided article sections.
News and Updates
Primavera Capital Group has been making waves in the industry with its latest investments and partnerships. The firm has been actively involved in the Chinese market, with a focus on technology and healthcare sectors.
In 2020, Primavera Capital Group invested in Chinese e-commerce platform, Pinduoduo, which has since become one of the country's largest e-commerce platforms. This investment has shown the firm's commitment to supporting innovative businesses in China.
The firm's dedication to the Chinese market has also led to its involvement in the country's healthcare sector, with investments in companies like Shanghai-listed biotech firm, Wuxi Biologics.
Latest News
The latest news is that a new study has found that using a smartphone app can help people stick to their New Year's resolutions. This app uses gamification techniques to encourage users to stay on track.
Research has shown that people who use this app are 30% more likely to achieve their goals than those who don't. This is likely due to the app's ability to provide personalized feedback and encouragement.
One user who tried the app reported that it helped them establish a consistent exercise routine. They were able to go from only exercising a few times a month to working out every day.

Studies have also shown that using a planner can be an effective way to stay organized and focused. In fact, one study found that people who used a planner were 25% more productive than those who didn't.
A survey of 100 people who used a planner found that 90% of them reported feeling more in control of their time.
Hu Urges Optimism Amid Chinese PE Downturn
Hu, the founder of Primavera, believes pessimism about China's economy is overblown.
China's economy has an increasing capacity for innovation.
The country also boasts world-class manufacturing capabilities.
Hu made these comments at the Greater China PE Summit hosted by HKVCA.
Comparison and Analysis
Primavera Capital Group's investment focus is on the technology, consumer, and healthcare sectors, with a significant presence in China.
Primavera Capital Group's investment strategy is driven by a strong conviction in the growth potential of these sectors, particularly in China.
The firm's investment portfolio includes companies like Dada Nexus and Pinduoduo, which have achieved significant growth and success.
Primavera Capital Group's investment team has a deep understanding of the Chinese market and its unique characteristics.
The firm's investment approach is characterized by a long-term perspective and a commitment to supporting its portfolio companies' growth and development.
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Frequently Asked Questions
Who is the owner of Primavera Capital Group?
Fred Hu is the Founder, Chairman, and CEO of Primavera Capital Group, making him the key individual behind the firm. He is responsible for shaping the company's strategy and partnerships.
Who is the CEO of Primavera?
The CEO of Primavera Capital Group is Dr. Fred Hu. He is also the founder and chairman of the company.
Where is Primavera Capital located?
Primavera Capital has offices in Hong Kong, Beijing, Shanghai, Singapore, and Silicon Valley. It has a global presence with investments in over 100 portfolio companies worldwide.
Sources
- https://en.wikipedia.org/wiki/Primavera_Capital_Group
- https://www.privateequityinternational.com/institution-profiles/primavera-capital-group.html
- https://www.cbinsights.com/investor/primavera-capital-group
- https://www.chinamoneynetwork.com/tag/primavera-capital-group
- https://mergr.com/investor/primavera-capital-group
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