Capital Today Evergreen Fund, L.P.
Capital Today Evergreen Fund, L.P. is a Cayman Islands-based exempted limited partnership investment fund affiliated with Capital Today, a prominent China-focused investment firm. The fund appears to focus on investment opportunities in technology and consumer sectors, notably holding large positions in companies like PDD, Dingdong, and Kanzhun as of 2024. The general partner is Capital Today Evergreen Genpar, Ltd. The fund serves institutional and high-net-worth clients globally and has been active for over five years.
Investment Strategy
Capital Today Evergreen Fund, L.P. primarily invests in leading high-growth companies, with a significant focus on the technology, internet, and consumer sectors. The fund concentrates its portfolio on a select number of transformative companies, seeking long-term value appreciation. Portfolio disclosures reveal high conviction positions in firms such as PDD Holdings, Dingdong, and Kanzhun. The investment approach is characterized by concentrated holdings, active engagement with portfolio companies, and a focus on companies with strong growth potential and disruptive business models.
Top Holdings
Equity Positions (3)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
P PDD | PDD HOLDINGS INC | 91.17% | $261.0M | 2,493,586 | $99.19 | $104.66 | -$34.1M |
D DDL | DINGDONG CAYMAN LTD | 8.38% | $24.0M | 11,879,332 | $3.55 | $2.02 | -$8.1M |
B BZ | KANZHUN LIMITED | 0.45% | $1.3M | 71,767 | $18.42 | $17.84 | -$95.5K |