# GAC Capital: portfolio, investments and team

> GAC Capital is a private equity based in China. 3 investments on record, 1 in the last 12 months, latest Oct 2026. Portfolio, stages, co-investors and team.

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

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

# GAC Capital

Last cheque observed Oct 2026; 3 cheques on record.

Deploying now New fund $55M, Jun 2021 Private equity

Series E

Deploying now

**100%** of best year **1** **cheques in 12 months**, 3 on record

Since the last cheque **6** days **00** hrs **00** min **00** sec

Median round **$207M** Rounds led **0 of 3** Sole investor **1 rounds**

Pitch GAC Capital

## GAC Capital highlights

- 01 1 cheques in the last 12 months
- 02 Mostly Series E: 100% of its rounds
- 03 Sole investor in 1 rounds, median $15M

## What they do

- **Type:** Private equity (from a list, unverified)
- **Cheque size:** Not stated
- **Based in:** China
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **3 appearances**

- **2026** 1 round
- **Oct** **[Neolix](https://millionrounds.com/company/neolix)** Series E · CN · Google News search **$400M** With 5 others
- **2025** 1 round
- **Jun** **[Zhuoyu Technology](https://millionrounds.com/company/zhuoyu-technology)** CN · TechNode **Undisclosed** With 1 other
- **2019** 1 round
- **Mar** **[Yihang.ai](https://millionrounds.com/company/yihang-ai)** CN · Voice **$15M** Sole investor

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 **2 named**

KH **Kenneth H. Polk** Member of PC3, LLC, the manager of GAC Capital, LLC. i Filing they signed

SJ **Stephen J Rowe** Member of PC3, LLC, the manager of GAC Capital, LLC. i Filing they signed

We also hold **1** person 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.

New fund on file

**$55M**

raised in Jun 2021

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

## The cheque

Series E

Median round joined **$207M** the round, not its cheque Alone, median **$15M**

Led 0 of 3 rounds **0%**

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

Rounds by stage said on their site

- Series E *1*

Cheques by month Led Joined

Nov 2023 Oct 2026

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## Quick answers about GAC Capital

### What does GAC Capital invest in?

GAC Capital invests most often at Series E (100% of the rounds on record).

### How active is GAC Capital?

3 investments on record, 1 of them in the last 12 months. The most recent was in Oct 2026.

### What has GAC Capital invested in recently?

Its most recent investments on record: Neolix (Series E, Oct 2026), Zhuoyu Technology (Jun 2025) and Yihang.ai (Undisclosed round, Mar 2019).

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

The median round it joins is $207M.

### Is GAC Capital investing now?

Yes: it is actively investing, with 1 investments in the last 12 months.

### What kind of investor is GAC Capital?

GAC Capital is a private equity firm based in China.

### Has GAC Capital raised a new fund?

Its latest fund filing with the SEC was in Jun 2021, reporting $55M raised.

### Where does this information on GAC Capital come from?

From 4 articles and filings naming it in a round, public registers and its own website, checked and rebuilt every night.

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