DCP Capital

DCP Capital is a Chinese private equity firm headquartered in Beijing, China, with additional offices in Hong Kong and Shanghai. The firm specializes in investments across the consumer, healthcare, education, and technology sectors in Asia. DCP Capital was founded in 2017 by David Liu and Julian Wolhardt, both former partners at Kohlberg Kravis Roberts (KKR), who previously led KKR's private equity business in Asia. Their extensive experience in the region has enabled DCP Capital to establish a strong presence in the market.

The firm's investment strategy emphasizes long-term value creation by focusing on companies with strong fundamentals and growth potential. DCP Capital seeks to partner with leading management teams and entrepreneurs to enhance operational efficiency and drive sustainable growth. The firm has a history of backing industry leaders such as Ping An Insurance, Mengniu Dairy, Haier, and China International Capital Corporation. DCP Capital's approach combines global investment expertise with deep local knowledge, positioning it as a significant player in the Asian private equity landscape.

DCP Capital has demonstrated a consistent track record of successful investments and exits. Notable transactions include the acquisition of a minority stake in the Chinese operations of Jamieson Wellness in February 2023 and the purchase of a majority stake in Sun Art Retail Group from Alibaba Group in January 2025. These strategic investments reflect DCP Capital's commitment to partnering with high-quality companies and supporting their growth initiatives. The firm's disciplined investment philosophy and operational focus have contributed to its reputation as a trusted partner in the private equity sector.