Centurium Capital

Centurium Capital (大钲资本) is a Chinese alternative asset manager founded by Li Hui, who previously led Warburg Pincus China before departing in 2016 . The firm is best known for becoming the controlling shareholder of Luckin Coffee in January 2022, when it led a consortium with IDG Capital and Ares SSG to acquire shares from the founding team following the company's accounting scandal . Li Hui subsequently became chairman of Luckin and steered its turnaround, with the coffee chain reaching over 29,000 stores and projecting 2025 revenue above RMB 50 billion as of late 2025 reporting . Beyond Luckin, Centurium has been active in buyout transactions, including participating in the $4.75 billion privatization of China Biologic Products alongside Hillhouse , and has made investments in biotechnology and other sectors .