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§ Private Equity · Hong Kong, Hong Kong
Trustar Capital is an investment firm.
Trustar Capital is an investment firm specializing in global companies that are positioned to capitalize on the growth and productive resources of the Chinese economy. The firm, which was formerly known as CITIC Capital, operates as the private equity arm of CITIC Capital. It maintains its headquarters in Hong Kong.
Trustar Capital has demonstrated its fundraising capabilities by securing a $1 billion continuation fund, notably used to support McDonald's China. Additionally, the firm successfully closed an RMB-denominated M&A fund, raising over 4.5 billion yuan for its investment activities.
Key people at Trustar Capital.
Trustar Capital was formerly known as CITIC Capital and operates as the private equity arm of CITIC Capital.
Yes, Trustar Capital secured a $1 billion continuation fund to back McDonald's China and closed an RMB-denominated M&A fund exceeding 4.5 billion yuan.
Trustar Capital was formerly known as CITIC Capital and operates as the private equity arm of CITIC Capital.
Yes, Trustar Capital secured a $1 billion continuation fund to back McDonald's China and closed an RMB-denominated M&A fund exceeding 4.5 billion yuan.
Key people at Trustar Capital.
Trustar Capital has 2 tracked investments across 2 companies. The latest tracked deal is $60.0M Series D in Deep Intelligent Pharma in February 2026.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Feb 2, 2026 | Deep Intelligent Pharma | $60.0M Series D | — | CDH Investments, Jinyi Capital, Kaitai Capital, XIN Ding Capital |
| May 9, 2024 | i2Cool | $12.8M Series A | — | Future Times Technology Holding Company, Towngas |
Trustar Capital is an investment firm with a primary focus on identifying and investing in global companies that are strategically positioned to capitalize on the robust growth and extensive productive resources of the Chinese economy. Operating as the dedicated private equity arm of CITIC Capital, the firm was formerly recognized under the CITIC Capital brand. This lineage underscores its deep roots and experience within the Asian financial landscape, particularly concerning cross-border investment opportunities.
The firm has demonstrated a consistent ability to raise substantial capital to fuel its investment mandates. A notable achievement includes the successful securing of a $1 billion continuation fund. This significant capital allocation was specifically utilized to provide ongoing support for McDonald's China, illustrating Trustar Capital's capacity to execute large-scale, strategic investments in established brands with strong market presence.
In addition to its dollar-denominated funds, Trustar Capital has also successfully closed an RMB-denominated M&A fund, which garnered over 4.5 billion yuan. This dual-currency fundraising approach highlights the firm's flexibility and ability to attract both international and domestic capital, enabling it to pursue a diverse range of merger and acquisition opportunities within the Chinese market and beyond.
Trustar Capital is headquartered in Hong Kong, a key international financial center. This strategic location provides the firm with a strong operational base from which to manage its global investment portfolio and engage with companies across various sectors. Its presence in Hong Kong facilitates access to a broad network of businesses and financial partners, reinforcing its role in the venture ecosystem.