At a Glance
Hillhouse Capital is one of Asia's largest and most influential investment firms, founded in 2005 by Lei Zhang, a former Yale endowment investor. The firm manages over $50 billion across multiple strategies including venture capital, growth equity, and private equity. Hillhouse is renowned for its long-term investment approach and deep research capabilities, often holding positions for many years while working closely with management teams. The firm has been an early backer of some of China's most successful technology companies including Tencent, where it made one of the most profitable venture investments in history. Hillhouse's investment philosophy emphasizes sustainable value creation, often taking concentrated positions in businesses with strong competitive moats. Beyond China, the firm has expanded globally with investments in companies like Airbnb, Uber, and Zoom. Led by founder Lei Zhang and a team of experienced investment professionals, Hillhouse has established itself as a bridge between Eastern and Western markets, bringing unique insights and capital to transformative companies worldwide.
“Takes a long-term, research-driven approach to investing in technology and innovation across Asia, with deep expertise in China.”
Hillhouse Capital primarily invests at the Series A, Series B+ stages. This means they focus on companies that are scaling their go-to-market after proving product-market fit.
Hillhouse Capital is headquartered in Hong Kong, China. Many of their portfolio companies are also based in this region, though they invest across geographies.
Hillhouse Capital focuses on investments in Consumer, Enterprise, Digital Health, AI, Fintech. Their portfolio reflects deep expertise and networks within these sectors.
Hillhouse Capital's typical investment check size ranges from $10M to $500M. Actual amounts may vary based on the stage, sector, and specific opportunity.
Hillhouse Capital manages approximately $60B in assets under management (AUM) across their funds.