# Primavera Capital Group: portfolio, investments and team > Primavera Capital Group is a private equity based in Hong Kong SAR China. 6 investments on record, 2 in the last 12 months, latest Sept 2026. Source: https://millionrounds.com/fund/primavera-capital-group (Millionrounds; every figure on the page links to its filing or article) Hong Kong SAR China · [Investor](https://millionrounds.com/investors) # Primavera Capital Group Last cheque observed Sep 2026; 6 cheques on record. Email Private equity Deploying now New fund $50K, Apr 2026 Growth Green-tech Restaurant Luxury Watch Follow Primavera Capital Group and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Fprimavera-capital-group) Deploying now **100%** of best year **2** **cheques in 12 months**, 6 on record Since the last cheque **65** days **00** hrs **00** min **00** sec Median round **$587M** Rounds led **0 of 6** Mostly in **China, 83%** Pitch Primavera Capital Group ## Primavera Capital Group highlights - 01 2 cheques in the last 12 months - 02 Mostly Series B and Growth: 100% of its rounds ## What they do > We seek to develop trusted, lasting partnerships with high-potential growth companies From their own website - **Type:** Private equity - **Cheque size:** Not stated - **Stages:** Growth - **Sectors:** Green-tech Restaurant Luxury Watch - **Based in:** Central, Hong Kong SAR China - **Cold pitches:** Not accepted ## The record Every round we can evidence, newest first **6 appearances** - **2026** 2 rounds - **Sept** **[VAST](https://millionrounds.com/company/vast)** Series B · CN · TechStartups **$446M** With 8 others - **Sept** **[Tripo AI](https://millionrounds.com/company/tripo-ai)** Series B · US · TechStartups **$446M** With 20 others - **2018** 2 rounds - **Aug** **[XPENG Motors](https://millionrounds.com/company/xpeng-motors)** Series B · CN · FinSMEs **$587M** With 4 others - **Aug** **[Xiaopeng Motors](https://millionrounds.com/company/xiaopeng-motors)** Series B · CN · China Money Network **$587M** With 3 others - **2017** 1 round - **Jan** **[Koubei](https://millionrounds.com/company/koubei)** CN · TechCrunch **$1.1B** With 3 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 **7 named** EJ **Ellen Janet Christian** Director i Form ADV EW **Ena Wai Yin Leung** Director of the General Partner i Filing they signed FZ **Fred Zuliu Hu** Director of the General Partner i Filing they signed LD **Leon Dwayne Rhule** Director of the General Partner i Filing they signed NM **Ning Ma** Director i Filing they signed RJ **Richard Jr. Alvah Ruffer** Director of the General Partner i Filing they signed YM **Yi Man Lo** Director i Filing they signed We also hold **11** 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 **$11B** gross assets of its funds, 2 advisers combined Oct 2026 **4+** funds on file numbered funds in its name **Exempt** reporting adviser venture or small private funds - **Legal name:** Primavera Venture Management Limited - **SEC number:** CRD 162044 New fund on file **$50K** raised in Apr 2026 From its SEC filing, not a journalist: a firm that has just raised has money to deploy. ## The cheque Growth Median round joined **$587M** the round, not its cheque Led 0 of 6 rounds **0%** - **Sole investor:** Never alone - **Last cheque:** Sept 2026 Rounds by stage said on their site - Series B *4* - Growth said *1* Cheques by month Led Joined Dec 2023 Nov 2026 Often in the room with - [37 Interactive Entertainment](https://millionrounds.com/fund/37-interactive-entertainment) 2 - [Blue Focus PR Consulting](https://millionrounds.com/fund/bluefocus) 2 - [CICC](https://millionrounds.com/fund/cicc) 2 - [CMC Capital Group](https://millionrounds.com/fund/cmc-capital-partners) 2 - [Eastern Bell](https://millionrounds.com/fund/eastern-bell) 2 - [Morningside Venture Capital](https://millionrounds.com/fund/morningside-venture-capital) 2 **Pitching Primavera Capital Group?** 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 *→* ## Who they invest alongside The investors most often in the same rounds as Primavera Capital Group. A count of rooms they were both in, not a relationship either has claimed. [**37 Interactive Entertainment** Corporate VC **2** rounds together](https://millionrounds.com/fund/37-interactive-entertainment)[**Blue Focus PR Consulting** VC firm **2** rounds together](https://millionrounds.com/fund/bluefocus)[**CICC** Investment bank **2** rounds together](https://millionrounds.com/fund/cicc)[**CMC Capital Group** Corporate VC **2** rounds together](https://millionrounds.com/fund/cmc-capital-partners)[**Eastern Bell** Growth equity **2** rounds together](https://millionrounds.com/fund/eastern-bell)[**Morningside Venture Capital** VC firm **2** rounds together](https://millionrounds.com/fund/morningside-venture-capital)[**Perfect World** Corporate VC **2** rounds together](https://millionrounds.com/fund/perfect-world)[**Thundersoft** VC firm **2** rounds together](https://millionrounds.com/fund/thundersoft) ## Recently backed The latest companies Primavera Capital Group put money into. [**XPENG Motors** $587M · Aug 2018](https://millionrounds.com/company/xpeng-motors)[**Koubei** $1.1B · Jan 2017](https://millionrounds.com/company/koubei) ## Quick answers about Primavera Capital Group ### What does Primavera Capital Group invest in? Primavera Capital Group invests most often at Series B and Growth (100% of the rounds on record), in sectors such as Green-tech, Restaurant and Luxury Watch. ### How active is Primavera Capital Group? 6 investments on record, 2 of them in the last 12 months. The most recent was in Sept 2026. ### What has Primavera Capital Group invested in recently? Its most recent investments on record: VAST (Series B, Sept 2026), Tripo AI (Series B, Sept 2026) and XPENG Motors (Series B, Aug 2018). ### How big are Primavera Capital Group's cheques? The median round it joins is $587M. ### Does Primavera Capital Group lead rounds? Rarely, if at all: none of its 6 investments on record names it as the lead. ### Where does Primavera Capital Group invest? Most of the companies it backs are in China (83%) and the United States (17%). ### Is Primavera Capital Group investing now? Yes: it is actively investing, with 2 investments in the last 12 months. ### Who does Primavera Capital Group invest alongside? Most often 37 Interactive Entertainment (2 rounds together), Blue Focus PR Consulting (2 rounds together) and CICC (2 rounds together). ## 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=primavera-capital-group) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=primavera-capital-group)