Centurium Capital

Centurium Capital (大钲资本) is a Chinese alternative asset manager founded by Li Hui, who previously led Warburg Pincus's China business 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 and Ares SSG to acquire shares from the founding team following the company's accounting scandal and delisting . Li Hui subsequently became chairman of the coffee chain, which by late 2025 had grown to over 29,000 stores and projected annual revenue exceeding RMB 50 billion . Beyond Luckin, Centurium has pursued buyout-style transactions, including participating in the $4.75 billion privatization of biotech firm China Biologic Products alongside Hillhouse . The firm is also among the signatories to the UN-supported Principles for Responsible Investment in China .