History_The Firm_China Orient Summit Capital

2023

February

Ruitong, a subsidiary of COS Capital, obtained a Level 2 qualification for real estate development. Ruitong primarily focuses on mergers and acquisitions, restructuring, operation and agent construction in distressed real estate assets.

2022

June

COS Capital was granted a QFLP (Qualified Foreign Limited Partner) quota of USD 100 million in Zhuhai, Guangdong Province, focusing on investment in industrial mergers and acquisitions.

Ruijing Factoring Company, a subsidiary of COS Capital, successfully issued the first tranche of Guangzhou City Construction Supply Chain Directed Asset-Backed Notes (ABN), marking the company's first publicly issued ABN product in the market.

2021

June

Ruijing Factoring Company, a subsidiary of COS Capital, successfully issued the Taiping-Guangzhou City Construction Supply Chain Asset-Backed Securities (ABS) Series I, marking the company's first implementation of a China Insurance Asset Registration and Trading System Co., Ltd. (中保保险资产登记交易系统有限公司) registered product.
January

In response to changes in the market environment, COS Capital adjusted its strategic plan, expanding its business from real estate to non-real estate sectors, focusing on three main areas: distressed assets, new energy, and comprehensive healthcare. Through financial services (supply chain financing, licensed business, etc.), portfolio management and operations, asset management, and service infrastructure, the company engages in investments with value-add potential.

Following the strategic adjustment, COS Capital’s Raystone platform primarily focuses on the new energy sector, while the Realong platform primarily focuses on the comprehensive healthcare sector.

2020

April

COS Capital setup a joint venture company, Sankai Investment Company Ltd., with Kuni Umi Asset Management Co. Ltd based in Tokyo, Japan. The platform aims to seize the opportunities arising both in Japan capital market and Chinese real estate market.
February

On February 24th, 2020, COS-Capital is licensed by The Securities and Futures Commission (“SFC”) to carry out Type 1, 4 and 9 regulated activities to engage in dealing in securities, advising on securities and providing asset management services in Hong Kong.
January

As of end of December 2019, AUM total reached RMB 40.3 bn, which includes mezzanine loan 12 bn, equity investment 4 bn, NPL 1.4 bn, supply chain finance 1.4 bn, fund management 7.2 bn, channel business 13.9 bn and partnership development 0.4 bn.

2019

January

AUM of COS Capital reached RMB 43.3bn by the end of 2018, with RMB 15.2bn of mezzanine debt, RMB 4.3bn of equity investment, RMB 2bn of NPL, RMB 1.4bn of supply chain finance, RMB 8.6bn of asset management deals, RMB 10bn of channel business, and RMB 1.8bn of development business.

2018

December

The Yue Life Growth Fund completed the first exit in Shenyang, which achieved investors' expected return.
November

The factoring business system of Realwin obtained national software copyright. The system realized full-cycle of factoring business online and optimized assets pooling and checking, providing supply chain finance sector of COS Capital with "finance+tech" support.
October

COS-Portman US Fund I completed its first distribution. The fund has completed two distributions by end of December 2018.
September

After 2 years and 4 months development, Intercontinental Hotel San Diego opened on September 13rd.2018.
Mr. John Portman IV made a speech on behalf of Portman Holdings. Mayor of San Diego attended the ceremony..
June

The Charlotte office building successfully exited. The project set the new record of price in Charlotte office market with USD 590/square foot. The project achieved 40%+ IRR at project level.

The first post-investment asset management service agreement in Australia was signed.
April

COS Capital completed the first equity investment with Zeller Realty Group -- Portland Umpqua Bank Tower, with total size of with equity investment size of USD 38mn for 4 years for 4 years.
March

COS Australian office was established in Melbourne, marking the commencement of expansion in Australia. This was the third overseas office of COS Capital after San Francisco and London.
February

AUM of COS Capital reached RMB 45.9bn by the end of 2017, with RMB 18.3bn of mezzanine debt, RMB 6.3bn of equity investment, RMB 1bn of NPL, RMB 1bn of supply chain finance, RMB 2bn of asset management deals, RMB 15.5bn of channel business and RMB 1.8bn of development business.

2017

December

COS Capital completed investment of 4000 Connecticut Avenue in Washington D.C., with total investment size of USD 25mn. A high-end private school signed a 30-year lease for the entire property, which pushed the occupancy to 100% since closing.
June

COS-Portman US Fund I completed the first closing, which successfully raised capital from institutional investors and family offices. The fund size was USD 185mn with 5 years duration and conditional extension.

COS Capital started special opportunities investments in China. The company leveraged its connections with banks, AMCs and trust companies to acquire single credit projects and optimized the upside value through debt restructuring and cooperation with brand developers.
May

The first supply chain finance fund was launched, which focused on upstream suppliers of tier 1 developers and targeted fund size of RMB 1bn for 3 years.

Yue Life Growth Fund was launched, with fund size of RMB 2.11bn. This was the first flagship commercial properties investment fund since COS Capital started cooperation with insurance companies.
April

COS Capital completed RMB 50bn investment with Zhongying Yili for China Orient-AC Real Estate Fund.

COS Capital and Konka Group jointly set up Konka Fund I. By the end of December 2018, Konka Fund I, II, III have been launched and successfully exited.
February

AUM of COS Capital reached RMB 30.9bn by the end of 2016, with RMB 17.9bn of mezzanine debt, RMB 6.6bn of equity investment, RMB 3.6bn of asset management deals, RMB 1.5bn of channel business and RMB 1.3bn of development business.

China Orient-AC Real Estate Equity Fund, jointly set up by COS Capital, Zhongying Yili Asset Management Company and COAMI, was approved by China Insurance Regulatory Commission (CIRC) on February 27th, 2017, with target fund size of RMB 10bn.

2016

December

COS Capital assisted Overseas Chinese Town (OCT) and CMSK, a subsidiary of China Merchants Group to win the bid of the largest single commercial development project in China at that time - Shenzhen International Convention and Exhibition Center.
November

COS Capital completed investment of office building development project in Atlanta, GA, with total equity investment size of USD 51.7mn.

COS Capital completed investment of the landmark project Chicago Old Post Office building, with total equity size of USD 50mn.
October

London Office was established. COS Capital Europe represents the group in the region with regards to direct real estate investments. Wu Tao (President of COS Capital) and Chen Lijian (Senior Executive President of COS Capital) attended the opening ceremony.
September

Sunshine Insurance Group, the seventh largest insurance company in China, became a strategic investor of COS Capital. Sunshine Insurance invested equity in COS Capital, increasing the company's registered capital to RMB 200mn.

Business Development team in Shenzhen launched supply chain finance products with Vanke and China Resources and established Realwin, the supply chain finance platform of COS Capital.
June

Realong Asset Management, the asset management platform of COS Capital, was officially established.
February

AUM of COS Capital reached RMB 20bn by the end of 2015, with RMB 12.5bn of mezzanine debt, RMB 3.4bn of equity, RMB 2.8bn of asset management deals and RMB 1.3bn of channel business.
January

COAMI, COS Capital and KKR jointly set up COS-KKR Special Opportunities Fund, focusing on China domestic NPL opportunities.

The Atlanta project completed refurbishment one month prior to the schedule and held a grand opening ceremony. Governor of Georgia, Mayor of Atlanta, Chairman of Portman Holdings, Chen Lijian and Mr. Tom Mills attended the ceremony.

2015

December

COS Capital closed the investment of the third pipeline project of COS-Portman US Fund I -- Intercontinental Hotel San Diego, with equity investment size of 80mn.
November

International Business department selects reputable developers in the US with deep knowledge of the local market, extensive experience and structure deals, and implement 'Development to Core' strategy in tier 1.5-2 cities to invest in target projects with strong market fundamentals, cost efficiency and great value-add potential.
October

COS Capital completed the first investment with 601W -- Aon Center in Chicago, with investment size of USD 20mn. Aon Center is the second tallest building in Chicago and will be a brand new landmark in East Loop after reposition.
August

COS Capital completed investment of the second pipeline project of COS-Portman US Fund I -- an office development in Charlotte, with equity size of USD 42mn.
February

AUM of COS Capital reached RMB 100bn by the end of 2014, with RMB 7.9bn of mezzanine debt, RMB 1.9bn of equity and RMB 100mn of asset management deals.

COS Capital built up its investment strategy focusing on debt financing. The company focused on Beijing, Shanghai, Guangzhou and Shenzhen metropolitan areas and 13 other major cities including Tianjin, Chongqing, Hangzhou, Chengdu and Wuhan, etc., and actively worked with many developers.

2014

December

COS Capital initiated the structured investment and financing strategy to optimize its investment structure. The company completed sales of RMB 1.266bn senior loan from existing projects in 2014.

COS Capital launched the first community retail fund in China with Vanke. The fund size is RMB 1.7661bn and it invested in five high quality projects located in Beijing, Dongguan, Suzhou and Shenyang.
November

On behalf of COAMI, COS Capital and Portman Holdings co-invested in a mixed-used development project in Atlanta, GA. This was the first collaboration with Portman Holdings. The total equity investment size was USD 26.6mn was USD 26.6mn.
July

COS Capital signed the MOU with Vanke, starting the strategic cooperation between two parties.
May

COS Capital closed the first debt financing project, Qingdao Xiulan, with total loan size RMB 650mn.

Mr. Yongli Xu and Mr. Senlin Liang, accompanied by Chen Lijian, visited the headquarter of Portman Holdings in Atlanta and met with John Portman (Founder and Chairman of Portman Holdings then) and CEO.A strategic partnership agreement was signed in the meeting, which represented the commencement of cooperation between Portman Holdings and COS Capital.
April

COS Capital became one of the first few institutions to be qualified as private fund managers by China Securities Investment Fund Industry Association (CSIFIA).

Offices in Shanghai, Shenzhen, Hong Kong and San Francisco were established consecutively.
March

On March 28, Ms. Xin Li (Vice President of COAMC then), Mr.Yongli Xu (Assistant President of COAMC then) attended the opening ceremony of COS Capital. Ms. Li made a speech on behalf of COAMC and Mr. Xu declared the establishment of COS Capital. Representatives from various institutions including Central Huijin Investment Company, Shenyin Wanguo Securities (Shenwan Hongyuan now), Asia Pacific Real Estate Association (APREA), Sincere Property, Sunshine 100, and COAMC Beijing Branch etc. attended the ceremony as well.
February

COS Capital was established in Shenzhen Qianhai with registered capital of RMB 100mn. The company was 80% indirectly held by China Orient Asset Management International (COAMI), a wholly-owned subsidiary of China Orient Asset Management Company (COAMC) and 20% by China Summit Capital.