# PE firms based in Hong Kong SAR China (2026 list) > 106 PE firms based in Hong Kong SAR China, 10% active in the last 12 months. Led by Saif Partners, CDH Investments, Alameda Research. Source: https://millionrounds.com/lists/pe-firms-based-in-hong-kong-sar-china (Millionrounds; every figure on the page links to its filing or article) [Investor Lists](https://millionrounds.com/lists) # PE firms based in Hong Kong SAR China Updated 7 November 2026 PE firms headquartered in Hong Kong SAR China. [See all 106 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fpe-firms-based-in-hong-kong-sar-china)The top 25 **106** investors on the list No change this week **50** cheques in 12 months *+42%* against the market **$57M** median round they joined *+606%* against the market median **10%** wrote a cheque in 12 months **8%** have led a round ## The Top 25 Ordered by cheques observed, never by anything anyone paid for Deploying now (8) - 1 [Saif Partners](https://millionrounds.com/fund/saif-partners) *Deploying now* Private equity · Hong Kong SAR China **283** **$14M** median round **May 2026** last seen - 2 [CDH Investments](https://millionrounds.com/fund/cdh-investments) *Deploying now* Private equity · Hong Kong SAR China **190** **$30M** median round **Oct 2026** last seen - 3 [Alameda Research](https://millionrounds.com/fund/alameda-research) *Deploying now* Private equity · Hong Kong SAR China **69** **$2.7M** median round **Mar 2026** last seen - 4 [Hillhouse Capital Group](https://millionrounds.com/fund/hillhouse-capital-group) dormant Private equity · Hong Kong SAR China **26** **$15M** median round **Oct 2019** last seen - 5 [Ally Bridge Group](https://millionrounds.com/fund/ally-bridge-group) *Deploying now* Private equity · Hong Kong SAR China **24** **$100M** median round **Jul 2026** last seen - 6 [CITIC Capital Holdings](https://millionrounds.com/fund/citic-capital) quiet Private equity · Hong Kong SAR China **24** **$105M** median round **May 2019** last seen - 7 [Boyu Capital](https://millionrounds.com/fund/boyu-capital) *Deploying now* Private equity · Hong Kong SAR China **20** **$260M** median round **Oct 2026** last seen - 8 [Advantech Capital](https://millionrounds.com/fund/advantech-capital) quiet Private equity · Hong Kong SAR China **10** **$57M** median round **May 2019** last seen - 9 [HSBC Private Equity (Asia)](https://millionrounds.com/fund/hsbc-private-equity-asia) dormant Private equity · Hong Kong SAR China **8** **$12M** median round **Dec 2009** last seen - 10 [Sailing Capital](https://millionrounds.com/fund/sailing-capital) quiet Private equity · Hong Kong SAR China **8** **$95M** median round **Sept 2018** last seen - 11 [Yuan Capital](https://millionrounds.com/fund/yuan-capital) quiet Growth equity · Hong Kong SAR China **8** **$52M** median round **Oct 2015** last seen - 12 [Blue Pool Capital](https://millionrounds.com/fund/blue-pool-capital) *Deploying now* Private equity · Hong Kong SAR China **7** **$66M** median round **Sept 2026** last seen - 13 [HOPU Investment Management Company](https://millionrounds.com/fund/hopu-investments) dormant Growth equity · Hong Kong SAR China **7** **$243M** median round **Jul 2019** last seen - 14 [Primavera Capital Group](https://millionrounds.com/fund/primavera-capital-group) *Deploying now* Private equity · Hong Kong SAR China **6** **$587M** median round **Sept 2026** last seen - 15 [YF Capital](https://millionrounds.com/fund/yf-capital) dormant Private equity · Hong Kong SAR China **6** **$160M** median round **Oct 2015** last seen - 16 [CLSA Capital Partners](https://millionrounds.com/fund/clsa-capital-partners) quiet Growth equity · Hong Kong SAR China **6** **$52M** median round **Jun 2019** last seen - 17 [China Everbright](https://millionrounds.com/fund/china-everbright) dormant Private equity · Hong Kong SAR China **6** **$114M** median round **Apr 2019** last seen - 18 [FountainVest Partners](https://millionrounds.com/fund/fountainvest) quiet Private equity · Hong Kong SAR China **5** **$202M** median round **Oct 2015** last seen - 19 [BPEA EQT](https://millionrounds.com/fund/baring-private-equity-asia-bpea) quiet Private equity · Hong Kong SAR China **4** **$10M** median round **Sept 2015** last seen - 20 [Jeneration Capital Management](https://millionrounds.com/fund/jeneration-capital-management) quiet Private equity · Hong Kong SAR China **4** **$50M** median round **Jun 2019** last seen - 21 [CCB International](https://millionrounds.com/fund/ccb-international) *Deploying now* Private equity · Hong Kong SAR China **3** **$100M** median round **Nov 2026** last seen - 22 [Cornes](https://millionrounds.com/fund/cornes) quiet Growth equity · Hong Kong SAR China **3** **$23M** median round **Dec 2018** last seen - 23 [Trimantium](https://millionrounds.com/fund/trimantium) quiet Growth equity · Hong Kong SAR China **3** **$472K** median round **Apr 2015** last seen - 24 [Shining Capital](https://millionrounds.com/fund/shining-capital) quiet Growth equity · Hong Kong SAR China **3** **$40M** median round **Aug 2014** last seen - 25 [AIF Capital](https://millionrounds.com/fund/aif-capital) quiet Private equity · Hong Kong SAR China **2** **$23M** median round **Sept 2014** last seen **81 more on this list** All 106 are in the app, with filters for stage, sector and market. A free account shows 10 per search, Pro up to 1,000. [See the whole list *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fpe-firms-based-in-hong-kong-sar-china) ## The Newest Cheques Rounds this list's investors joined most recently - **5** Nov **[Nealle](https://millionrounds.com/company/nealle)** Series C *With* [Keyrock Capital Management Limited](https://millionrounds.com/fund/keyrock-capital-management-limited) - **2** Nov **[GenRobot AI](https://millionrounds.com/company/genrobot-ai)** Series A · $100M *With* [CCB International](https://millionrounds.com/fund/ccb-international) - **27** Oct **[MoSense](https://millionrounds.com/company/mosense)** Seed · $15M *Led by* [CDH Investments](https://millionrounds.com/fund/cdh-investments) - **20** Oct **[YITA](https://millionrounds.com/company/yita)** Seed · $15M *With* [CCB International](https://millionrounds.com/fund/ccb-international) - **20** Oct **[Neolix](https://millionrounds.com/company/neolix)** $400M *Led by* [Boyu Capital](https://millionrounds.com/fund/boyu-capital) - **8** Oct **[DeepSeek](https://millionrounds.com/company/deepseek)** Series B · $15B *With* [Boyu Capital](https://millionrounds.com/fund/boyu-capital) ## Stages This Year 48 rounds - Venture **33%** - Series B **19%** - Series C **10%** - Seed **10%** - Other **8%** - Other **19%** ## What They Backed Sectors, last 12 months - AI **23** - Biotech **9** - Healthcare **5** - Robotics **4** - Aerospace & Space **3** - Generative AI **3** ## Cheques by Quarter Led Joined 3 Q1 25 12 Q2 25 13 Q3 25 13 Q4 25 26 Q1 26 4 Q2 26 8 Q3 26 7 Q4 26 The last bar is the quarter still running. ## Lists Like This - [VC firms based in United States 25,936](https://millionrounds.com/lists/vc-firms-based-in-united-states) - [PE firms based in United States 19,904](https://millionrounds.com/lists/pe-firms-based-in-united-states) - [VC firms based in United Kingdom 2,451](https://millionrounds.com/lists/vc-firms-based-in-united-kingdom) - [VC firms based in China 1,473](https://millionrounds.com/lists/vc-firms-based-in-china) - [VC firms based in India 1,309](https://millionrounds.com/lists/vc-firms-based-in-india) - [VC firms based in Canada 1,211](https://millionrounds.com/lists/vc-firms-based-in-canada) - [VC firms based in Germany 1,186](https://millionrounds.com/lists/vc-firms-based-in-germany) - [PE firms based in United Kingdom 974](https://millionrounds.com/lists/pe-firms-based-in-united-kingdom) - [Incubators and accelerators based in United States 828](https://millionrounds.com/lists/incubators-accelerators-based-in-united-states) [All investor lists *→*](https://millionrounds.com/lists) ## Quick answers about PE firms based in Hong Kong SAR China ### Who are the most active PE firms based in Hong Kong SAR China? By cheques observed, the most active are Saif Partners, CDH Investments, Alameda Research, Hillhouse Capital Group and Ally Bridge Group. ### How many PE firms based in Hong Kong SAR China are there? 106 are on record. 10% made an investment in the last 12 months and 8% have led a round. ### Which stages do PE firms based in Hong Kong SAR China back? Of the rounds with a named stage in the last 12 months, mostly Series B (35%) and Series C (19%). ### How big are the rounds PE firms based in Hong Kong SAR China join? The typical (median) round among the leading investors here is $52M. ### Which sectors do PE firms based in Hong Kong SAR China back most? In the last 12 months, mostly AI, Biotech and Healthcare. ### Which PE firms based in Hong Kong SAR China lead the most rounds? Ally Bridge Group (6 led), Saif Partners (5 led) and CDH Investments (4 led). ### What have PE firms based in Hong Kong SAR China invested in recently? Recent rounds include Nealle (Series C, Nov 2026, with Keyrock Capital Management Limited), GenRobot AI (Series A, Nov 2026, with CCB International) and MoSense (Seed, Oct 2026, with CDH Investments). ### How is this list of PE firms based in Hong Kong SAR China ranked? By cheques observed, from the rounds and filings we watched, and never by anything anyone paid for. It is rebuilt every night. Built from the rounds we watched, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections)