# Boyu Capital: portfolio, investments and team

> Boyu Capital is a private equity based in Hong Kong SAR China. 20 investments on record, 4 in the last 12 months, latest Oct 2026.

Source: https://millionrounds.com/fund/boyu-capital (Millionrounds; every figure on the page links to its filing or article)

Hong Kong SAR China · [Investor](https://millionrounds.com/investors)

# Boyu Capital

Last cheque observed Oct 2026; 20 cheques on record.

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Private equity Deploying now New fund $1.4B, Apr 2026

Seed Series A Series B Connected-health Telehealth Healthtech

Follow Boyu Capital and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Fboyu-capital)

Deploying now

**100%** of best year **4** **cheques in 12 months**, 20 on record

Since the last cheque **16** days **00** hrs **00** min **00** sec

Median round **$260M** Rounds led **3 of 20** Sole investor **1 rounds** Mostly in **China, 79%**

Pitch Boyu Capital

## Boyu Capital highlights

- 01 4 cheques in the last 12 months
- 02 Mostly Series A and Series B: 64% of its rounds
- 03 Sole investor in 1 rounds, median $300M

## What they do

> Filed 1 private fund offering with the SEC, the most recent in 2021-11 From their own website

- **Type:** Private equity (from a list, unverified)
- **Cheque size:** Not stated
- **Stages:** Seed Series A Series B Growth Pre-IPO
- **Sectors:** Connected-health Telehealth Healthtech
- **Based in:** Hong Kong, Hong Kong SAR China
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **20 appearances**

- **2026** 4 rounds
- **Oct** **[Neolix](https://millionrounds.com/company/neolix)** Series E · CN · Google News search **$400M** *Led*
- **Oct** **[Manus / Butterfly Effect](https://millionrounds.com/company/manus-butterfly-effect)** Growth · SG · Firms' own news pages **$500M** *Led*
- **Oct** **[DeepSeek](https://millionrounds.com/company/deepseek)** Series B · CN · Google News search **$15B** With 36 others
- **Sept** **[Anew Labs](https://millionrounds.com/company/anew-labs)** CN · TechStartups **$290M** With 8 others
- **2025** 1 round
- **Oct** **[Contemporary Amperex Intelligent Technology (Shanghai) Limited](https://millionrounds.com/company/contemporary-amperex-intelligent-technology-shanghai-limited)** CN · TechNode **$281M** With 5 others
- **2019** 4 rounds
- **Sept** **[Chengjia Apartment](https://millionrounds.com/company/chengjia-apartment)** Series A · CN · Mp **$300M** Sole investor
- **Jun** **[Shuidihuzhu](https://millionrounds.com/company/shuidihuzhu)** Series C · CN · Cyzone **$140M** With 3 others
- **Jan** **[Zhunshida](https://millionrounds.com/company/zhunshida)** Series A · CN · AVCJ **$356M** *Led*
- **Jan** **[Antengene](https://millionrounds.com/company/antengene)** Series B · CN · FinSMEs **$120M** With 5 others
- **2018** 6 rounds
- **Sept** **[LianLian](https://millionrounds.com/company/lianlian)** CN · China Money Network **$146M** With 1 other
- **Aug** **[Klook](https://millionrounds.com/company/klook)** Series D · FinSMEs **$200M** With 4 others
- **May** **[Brii Bio](https://millionrounds.com/company/brii-bio)** CN · FinSMEs **$260M** With 5 others
- **May** **[FogPharma](https://millionrounds.com/company/fogpharma)** Series B · US · FinSMEs **$66M** With 7 others
- **May** **[CStone](https://millionrounds.com/company/cstone)** Series B · CN · FinSMEs **$260M** With 13 others
- **Feb** **[Viela Bio](https://millionrounds.com/company/viela-bio)** Series A · US · FinSMEs **$250M** With 4 others
- **2017** 2 rounds
- **Sept** **[LifeMine Therapeutics](https://millionrounds.com/company/lifemine-therapeutics)** Series A · US · FinSMEs **$55M** With 6 others
- **Feb** **[iQiyi](https://millionrounds.com/company/iqiyi)** CN · TechCrunch **$1.5B** With 6 others
- **2016** 1 round
- **Jul** **[CStone](https://millionrounds.com/company/cstone)** Series A · CN · FinSMEs **$150M** With 1 other
- **2014** 1 round
- **Feb** **[17u.cn](https://millionrounds.com/company/17u-cn)** Series C · CN **$82M** With 2 others
- **2012** 1 round
- **Sept** **[Alibaba](https://millionrounds.com/company/alibaba)** Growth · CN **$2.0B** With 4 others

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The team

Named by the firm itself, on a filing, its Form ADV or its company registration **24 named**

AJ **Abali Jomo Hoilett** Director i Form ADV

CY **Chi Yan Louis Omari Cheung** Director of Boyu Capital General Partner III, Ltd., general partner of the general partner of Boyu Capital Fund III, L.P. i Filing they signed

CS **Chung Shing Vincent Omari Fok** Director of Boyu Capital General Partner III, Ltd., general partner of the general partner of Boyu Capital Fund III, L.P. i Filing they signed

DV **David Vincent Bree** Director i Filing they signed

HC **Ho Cheung Harry Miu** Director of the Manager i Filing they signed

HC **Ho Cheung Harry Mui** Director of the Manager i Filing they signed

JA **Janeen Aljadir** Director of Boyu Capital General Partner V, Ltd., the Issuer's General Partner i Filing they signed

JA **Julian Anthony Fletcher** Director i Filing they signed

KK **Karen Karita Ellerbe** Director of Boyu Capital General Partner II Ltd., general partner of the general partner of Boyu Capital Fund II, L.P. i Filing they signed

KO **Khalid Omari Iton** Director of Boyu Capital General Partner III, Ltd., general partner of the general partner of Boyu Capital Fund III, L.P. i Filing they signed

LC **Leong Chu Omari Yong** Director of Boyu Capital General Partner III, Ltd., general partner of the general partner of Boyu Capital Fund III, L.P. i Filing they signed

LV **Letitia Vincent Solomon** Director of the Manager i Filing they signed

LC **Louis Chi Yan Cheung** Director of Boyu Capital General Partner II Ltd., general partner of the general partner of Boyu Capital Fund II, L.P. i Filing they signed

NV **Niall Vincent O'Dowd** Director i Filing they signed

QV **Qi Vincent Zhou** Director of Boyu Capital General Partner III, Ltd., general partner of the general partner of Boyu Capital Fund III, L.P. i Filing they signed

RH **Ruofan Harry Fang** Director of the Manager and the Issuer i Filing they signed

TW **Tsz Weng Geraine Chan** Alternate Director to Tong Xiaomeng i Form ADV

VA **Verity Ann Priest** Alternate Director to Abali Hoilett i Form ADV

VF **Vincent Fok** Director i Filing they signed

VV **Vumindaba Vincent Dube** Director i Filing they signed

WW **Wan Wang** Director of the Manager i Filing they signed

XT **Xiaomeng Tong** Director of the Manager i Filing they signed

XL **Xinxin Li** Alternate Director to Zhou Qi i Form ADV

YT **Yu Tsang Alex Wong** Director of the Manager and Investment Adviser i Filing they signed

We also hold **42** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

## What the register says

From the firm's own filings with the SEC, which it must file accurately by law

**$17B** gross assets of its funds, 4 advisers combined Oct 2026

**1+** funds on file numbered funds in its name

**Exempt** reporting adviser venture or small private funds

- **Legal name:** BOYU REAL Estate Fund Management LTD.
- **SEC number:** CRD 325207

New fund on file

**$1.4B**

raised in Apr 2026

From its SEC filing, not a journalist: a firm that has just raised has money to deploy.

## The cheque

Seed Series A Series B

Median round joined **$260M** the round, not its cheque Alone, median **$300M**

Led 3 of 20 rounds **15%**

- **Sole investor:** 1 rounds
- **Last cheque:** Oct 2026

Rounds by stage said on their site

- Series A said *5*
- Series B said *4*
- Growth said *2*
- Series C *2*
- Series D *1*
- Seed said *-*
- Pre-IPO said *-*

Cheques by month Led Joined

Dec 2023 Nov 2026

Often in the room with

- [Hill House Capital](https://millionrounds.com/fund/hill-house-capital) 4
- [IDG Capital](https://millionrounds.com/fund/idg-capital) 4
- [Sequoia Capital](https://millionrounds.com/fund/sequoia-capital) 4
- [6 Dimensions Capital](https://millionrounds.com/fund/6-dimensions-capital) 3
- [Arch](https://millionrounds.com/fund/arch) 3
- [Blue Pool Capital](https://millionrounds.com/fund/blue-pool-capital) 3

**Pitching Boyu Capital?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque.

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## Who they invest alongside

The investors most often in the same rounds as Boyu Capital. A count of rooms they were both in, not a relationship either has claimed.

[**Hill House Capital** Family office **4** rounds together](https://millionrounds.com/fund/hill-house-capital)[**IDG Capital** Private equity **4** rounds together](https://millionrounds.com/fund/idg-capital)[**Sequoia Capital** VC firm **4** rounds together](https://millionrounds.com/fund/sequoia-capital)[**6 Dimensions Capital** VC firm **3** rounds together](https://millionrounds.com/fund/6-dimensions-capital)[**Arch** Hedge fund **3** rounds together](https://millionrounds.com/fund/arch)[**Blue Pool Capital** Private equity **3** rounds together](https://millionrounds.com/fund/blue-pool-capital)[**CICC** Investment bank **3** rounds together](https://millionrounds.com/fund/cicc)[**Tengxun Touzi** VC firm **3** rounds together](https://millionrounds.com/fund/tengxun-touzi)[**China's National Artificial Intelligence Industry Investment Fund** Growth equity **2** rounds together](https://millionrounds.com/fund/china-s-national-artificial-intelligence-industry-investment)[**Gaorong Capital** VC firm **2** rounds together](https://millionrounds.com/fund/gaorong-capital)[**HSG** VC firm **2** rounds together](https://millionrounds.com/fund/hsg)[**YunFeng Capital** Private equity **2** rounds together](https://millionrounds.com/fund/yunfeng-capital)

## Recently backed

The latest companies Boyu Capital put money into.

[**Neolix** $400M · Oct 2026](https://millionrounds.com/company/neolix)[**DeepSeek** $15B · Oct 2026](https://millionrounds.com/company/deepseek)[**Chengjia Apartment** $300M · Sept 2019](https://millionrounds.com/company/chengjia-apartment)[**LianLian** $146M · Sept 2018](https://millionrounds.com/company/lianlian)[**Klook** $200M · Aug 2018](https://millionrounds.com/company/klook)[**FogPharma** $66M · May 2018](https://millionrounds.com/company/fogpharma)

## Quick answers about Boyu Capital

### What does Boyu Capital invest in?

Boyu Capital invests most often at Series A and Series B (64% of the rounds on record), in sectors such as Connected-health, Telehealth and Healthtech.

### How active is Boyu Capital?

20 investments on record, 4 of them in the last 12 months, and it led 3. The most recent was in Oct 2026.

### What has Boyu Capital invested in recently?

Its most recent investments on record: Neolix (Series E, Oct 2026), Manus / Butterfly Effect (Growth, Oct 2026) and DeepSeek (Series B, Oct 2026).

### How big are Boyu Capital's cheques?

The median round it joins is $260M.

### Does Boyu Capital lead rounds?

Yes: it led 3 of its 20 investments on record (15%).

### Where does Boyu Capital invest?

Most of the companies it backs are in China (79%), the United States (16%) and Singapore (5%).

### Is Boyu Capital investing now?

Yes: it is actively investing, with 4 investments in the last 12 months.

### Who does Boyu Capital invest alongside?

Most often Hill House Capital (4 rounds together), IDG Capital (4 rounds together) and Sequoia Capital (4 rounds together).

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