# FountainVest Partners: portfolio, investments and team > FountainVest Partners is a private equity based in Hong Kong SAR China. 5 investments on record, latest Oct 2015. Portfolio, stages, co-investors and team. Source: https://millionrounds.com/fund/fountainvest (Millionrounds; every figure on the page links to its filing or article) Hong Kong SAR China · [Investor](https://millionrounds.com/investors) # FountainVest Partners Last cheque observed Oct 2015. Silence since then is not evidence of inactivity: our sources miss unannounced rounds. Quiet New fund $550M, Jul 2012 Private equity Seed Series A Series B Enterprise Software SaaS Venture Capital & Private Equity Cheques on record **0%** of best year **0** **cheques in 12 months**, 5 on record Since the last cheque **4039** days **00** hrs **00** min **00** sec Median round **$202M** Rounds led **0 of 5** Sole investor **1 rounds** Pitch FountainVest Partners ## FountainVest Partners highlights - 01 5 rounds on record - 02 Mostly Series B and Series C: 75% of its rounds - 03 Sole investor in 1 rounds, median $223M ## What they do > FountainVest is a team of passionate and experienced investors with deep roots in Asia. From their own website - **Type:** Private equity (from a list, unverified) - **Cheque size:** Not stated - **Stages:** Seed Series A Series B Growth - **Sectors:** Enterprise Software SaaS Venture Capital & Private Equity - **Based in:** Hong Kong, Hong Kong SAR China - **Cold pitches:** Not stated ## The record Every round we can evidence, newest first **5 appearances** - **2015** 3 rounds - **Oct** **[FangDD.com](https://millionrounds.com/company/fangdd-com)** Series C · CN **$223M** Sole investor - **Jul** **[Xingren Doctor](https://millionrounds.com/company/xingren-doctor)** Series B · CN **$32M** With 2 others - **Mar** **[Dianping](https://millionrounds.com/company/dianping)** Series E · CN **$850M** With 1 other - **2009** 1 round - **Nov** **[Sina](https://millionrounds.com/company/sina)** CN · corp.sina.com.cn **$180M** With 2 others - **2008** 1 round - **Nov** **[Universtar Science & Technology](https://millionrounds.com/company/universtar-science-and-technology)** Series B **Undisclosed** With 1 other 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 **9 named** CZ **Chenning Zhao** DIRECTOR OF THE GENERAL PARTNER i Filing they signed FT **Frank Tang** DIRECTOR OF THE GENERAL PARTNER i Filing they signed GC **George Chuang** DIRECTOR OF THE GENERAL PARTNER i Filing they signed JM **Jarladth Michael Travers** Director of Fv Jade Advisors Ltd. i Form ADV JG **Jian George Chuang** Director of Fountainvest China Growth Partners GP2 Ltd. i Form ADV KT **Kui Tang** Director of Fountainvest Advisors Ltd i Form ADV LR **Lynden Rees John** Director of Fountainvest Capital Partners GP2 Ltd. i Form ADV NC **Neil Colin Gray** Director of Fv Ace Grades Partners GP Ltd. i Form ADV TH **Terry Hu** DIRECTOR OF THE GENERAL PARTNER i Filing they signed We also hold **9** 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 **$6.3B** gross assets of its funds, 2 advisers combined Oct 2026 **Exempt** reporting adviser venture or small private funds - **Legal name:** Fountainvest Advisors LTD - **SEC number:** CRD 333342 Who backs their funds ## 2 LPs on record in FountainVest Partners's funds - **Committed:** $400M - **Funds:** 2 - **Vintages:** 2021 The institutions that put money into its funds, which the firm then invests in companies. Source: the pension's own report, latest Mar 2026. - [**Washington State Investment Board** 1 fund *$250M*](https://millionrounds.com/fund/washington-state-investment-board) Fund Vintage Committed FountainVest Capital Partners Fund IV 2021 $250M - [**California State Teachers Retirement System** 1 fund *$150M*](https://millionrounds.com/fund/california-state-teachers-retirement-system) Fund Vintage Committed FountainVest Partners Fund IV 2021 $150M ## Companies it bought Acquisitions by the firm itself **Key Safety Systems** **Undisclosed** Aug 2014 New fund on file **$550M** raised in Jul 2012 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 **$202M** the round, not its cheque Alone, median **$223M** Led 0 of 5 rounds **0%** - **Sole investor:** 1 rounds - **Last cheque:** Oct 2015 Rounds by stage said on their site - Series B said *2* - Series C *1* - Series E *1* - Seed said *-* - Series A said *-* - Growth said *-* Cheques by year Led Joined 2008 2015 **Pitching FountainVest Partners?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque. Add to your CRM *→* ## Quick answers about FountainVest Partners ### What does FountainVest Partners invest in? FountainVest Partners invests most often at Series B and Series C (75% of the rounds on record), in sectors such as Enterprise Software, SaaS and Venture Capital & Private Equity. ### How active is FountainVest Partners? 5 investments on record, 0 of them in the last 12 months. The most recent was in Oct 2015. ### How big are FountainVest Partners's cheques? The median round it joins is $202M. ### Does FountainVest Partners lead rounds? Rarely, if at all: none of its 5 investments on record names it as the lead. ### Is FountainVest Partners investing now? No investments in the last 12 months; the latest was in Oct 2015. ### What kind of investor is FountainVest Partners? FountainVest Partners is a private equity firm based in Hong Kong, Hong Kong SAR China. ### How much does FountainVest Partners manage? About $6.3B, as gross assets of its private funds, 2 advisers added together (Oct 2026). ### Has FountainVest Partners raised a new fund? Its latest fund filing with the SEC was in Jul 2012, reporting $550M raised. ## Raising now? Find the investors who back rounds like yours, and keep every conversation on one fundraising board. Find similar investorsOpen your CRM Built from the rounds we watched, its filings and its own website, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections?slug=fountainvest) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=fountainvest)