Trustar Capital, Inc.

Trustar Capital (formerly known as CITIC Capital Partners until March 2021) is a private equity firm and affiliate of CITIC Capital Holdings Limited, operating the most established control buyout platform in Asia with a primary focus on China. The firm targets companies across healthcare, advanced technology, consumer, industrials, and other sectors positioned to capitalize on the growth and productivity of the Chinese economy, managing approximately USD 9.5 billion to USD 10.5 billion of committed capital with typical investment sizes ranging from USD 10 million to USD 50 million per transaction. Transaction types include control buyouts, corporate carve-outs, growth equity investments, and structured minority investments, with the firm currently raising its fifth USD-denominated China buyout fund (Trustar Capital Partners V, targeting approximately $1.2 billion to $1.3 billion) alongside a separate RMB-denominated buyout fund. Trustar leverages deep local China expertise, a disciplined investment approach, and a diverse team with broad functional experience to identify value-creation opportunities, supporting portfolio companies through market expansion and operational improvement. The firm has completed over 100 investments since its founding, maintaining offices across China, Japan, and the United States to support its global track record of investing in businesses tied to Chinese economic growth. Founded in 2002, the firm is headquartered in Hong Kong, China.