According to Foresight News, C Capital, founded by Hong Kong New World Group's Executive Vice Chairman and CEO Adrian Cheng, has successfully completed its third round of private equity fundraising. The total investment amount for its main fund and related co-investment tools exceeds $250 million, including contributions from a diverse range of investors such as hybrid funds, financial institutions, and well-known family offices from Asia-Pacific, the Middle East, Europe, and other regions. C Capital's investment portfolio includes blockchain projects like Animoca Brands.
In August 2022, Foresight News reported that Adrian Cheng disclosed owning 101 Azuki series NFTs. In September 2022, Bloomberg reported that C Capital planned to raise $500 million within the next 18 months to invest in blockchain assets, credit, and private equity, betting on private companies and digital assets. C Capital co-founder Ben Cheng has previously stated that the firm's hedge fund strategy primarily focuses on crypto trading.
