Ascendent Capital Partners

Ascendent Capital Partners is a private equity firm founded in 2011 and headquartered in Hong Kong, with an additional office in Shanghai. The firm specializes in mergers and acquisitions, focusing on investments in sectors such as education, consumer goods, healthcare, advanced manufacturing, and real estate, primarily within Greater China. Ascendent Capital Partners manages capital from prominent global institutional investors and major Asian family offices, leveraging the extensive experience of its founding partners and senior members in investment and management. The firm aims to take either majority or minority stakes in its portfolio companies, helping them identify growth opportunities and navigate strategic transformations in the dynamic Chinese market.

Jeffrey Chen

Partner

Derek Cheung

Managing Director

Leon Meng

Managing Partner

Liang Meng

Founding Managing Partner and CEO

Stone Shi

Partner

John Wang

Partner

Kevin Zhang

Managing Partner and Co-Founder

2 past transactions

NetDragon Education

Private Equity Round in 2019
NetDragon Education is an online education platform that targets students in Kindergarten to high school through websites and mobile applications. It was launched in 2014 and is based in Fuzhou.

Wumart

Post in 2013
Wumart Stores, Inc., together with its subsidiaries, operates and manages retail chains of superstores and mini-marts in Beijing, Tianjin, Zhejiang province, and Hebei province. Its brands primarily include Wumart Hypermarket, Wumart Everyday Shops, Wumart Minimarts, Merry Mart, Jingbei Shopping Mall, Aoshikai Wumart, Zhejiang Gongxiao Supermarket, and Huzhou Laodafang Supermarket. As of December 31, 2014, the company had a retail network of 565 stores comprising 168 superstores and 397 mini-marts. It is also involved in the wholesale of home appliances; and operation of logistics. The company is headquartered in Beijing, the People’s Republic of China. As of January 21, 2016, Wumart Stores Inc. operates as a subsidiary of Wumei Holdings, Inc.
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