Dayone Capital Closes Fund I, at USD630 M

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Dayone Capital, a Shenzen, China-based private equity firm, closed Dayone Capital Fund I L.P. its first USD-denominated fund, at USD630m.

As a debut fund, Dayone Fund I was backed by a group of top global institutional investors, including sovereign funds, fund of funds, family offices as well as leading Chinese internet and consumer strategics.

Founded by Allen Chen, a proven consumer entrepreneur and experienced investor, Dayone is a multi-stage consumer investment manager that focuses on long-term investment opportunities in selective consumer verticals that are subject to structural changes over the next decade. The core team is comprised of seasoned serial entrepreneurs, investment veterans from top-tier investment institutions, and experts with senior management level operational experience.

So far, Dayone Fund I has invested in over ten consumer companies across the spectrum. The portfolio includes:

  • Heytea, a premium tea drink chain;
  • Dim Sum Bureau of Momo, a Chinese bakery chain;
  • HotMaxx, leader in closeout food and groceries chain;
  • WonderLab, a Gen-Z health supplements brand;
  • Pop Mart, a Chinese designer toy brand;
  • Li Auto, a Chinese electric vehicle manufacturer;
  • Baoyun Liquor, a high-end Baijiu producer;
  • Robosen, a consumer AI robot maker;
  • NeoBio, a premium indoor amusement centers for kids;
  • Hesung, a cross-border e-commerce company specializing in home and kitchen appliances;
  • Four Smile, a dental clinic chain specialized in invisible orthodontics.