Hillhouse Capital Group

Private Equity Venture Capital Est. 2005
Website →
≈USD 100B
Reported FUM
Assets under management, reported by Wikipedia, 2025 · source
Type
Private Equity
HQ
Beijing, China
Founded
2005
Focus
Business Services · Consumer · Energy & Natural Resources · Healthcare & Life Sciences · Industrials & Manufacturing

About

Hillhouse is a global investment firm that began investing in public equities, later added a private-equity strategy, and now invests across all stages of company life cycles.

Strategies

Buyout
Growth Equity
Venture Capital
Public Equity
Sources

Profile sources

  1. hillhouseinvestment.com — Business Services, Consumer, Energy & Natural Resources, Healthcare & Life Sciences, Industrials & Manufacturing

Investment Criteria

Investment size
USD 500K - USD 500M

Reported investment size. Actual commitments may vary by stage, ownership and follow-on participation.

Investment Stages
Stages
Seed Series A Series B Growth Public
Investment Geographies
Primary Markets
China Hong Kong
Coverage
Global
Regions
Asia

Coverage is a guide only.

Location

Headquarters
Beijing, China
More investors with offices in Beijing
Office Presence
2 countries
China Hong Kong
2 known offices
Beijing, China (HQ)
Hong Kong

Fundraising

Hillhouse Real Asset Opportunities Fund
2022
USD 2B
source
Hillhouse Venture Fund VI
2022
USD 1.8B
source
Hillhouse Fund V Series
2021
USD 18B
source
Hillhouse Capital Group GL Ventures Fund I
2020
CNY 10B
source
Hillhouse Venture Fund V
2020
USD 1.4B
source
Hillhouse Fund IV
2018
USD 10.6B
source
Hillhouse Fund III
2016
USD 4.2B
source
Hillhouse Fund II
2015
USD 2.2B
source

Similar investors

CDH Investments
CDH Investments is a diversified alternative asset manager with private-equity, venture-and-growth, private-credit, public-equity, and real-asset activities; VGC is its venture-and-growth unit.
Vertex Holdings
Vertex Holdings is a global network of venture capital funds, comprising Vertex Ventures, Vertex Ventures HC and Vertex Growth. Vertex Holdings is an anchor investor in each of these funds. Vertex Holdings is owned by Temasek, a Singapore sovereign wealth fund. Vertex Ventures is based in California and invests in early stage technology companies. Vertex Ventures looks for founders tackling fundamental challenges. We look for people who want to make a dent in the wold while growing a multi-billion dollar business. Vertex HC invests in healthcare opportunities. We invest in and work with high-growth medical device, biotech, and digital health companies, at all stages, worldwide. Our portfolio includes companies at all stages of development, from early-stage companies testing transformative technologies to commercial-stage companies seeking additional growth. The Vertex Growth Fund provides later stage expansion capital to companies on the cusp of creating a category champion that is enduring and transformational.
Granite Asia
Granite Asia is a multi-asset investment platform investing in equity from founders’ first rounds through public listings, alongside private credit and public capital.
Adams Street Partners
Adams Street Partners is a private-markets investment manager with primary and secondary fund investing, buyout and growth-equity co-investments, private credit, and direct venture growth.
General Atlantic
General Atlantic is a global investment manager with growth equity, credit, energy transition, and sustainable infrastructure strategies.
GIC
GIC is a sovereign wealth fund of Singapore. GIC manages most of the Singapore Government's assets, with a mandate to invest for the long term across all asset classes in order to generate sustainable returns. GIC invests both directly and through other fund managers, and invests globally. Our portfolio is spread across six core asset classes: developed market equities, emerging market equities, bonds and cash, real estate and private equity.

Other Private Equity Firms in Beijing

#1 Blackstone
Blackstone is a global alternative asset manager investing across private equity, real estate, credit and insurance, multi-asset, secondaries, tactical opportunities, infrastructure, life sciences, growth and energy transition strategies.
#2 KKR
KKR is a leading global investment firm that manages multiple alternative asset classes, including private equity, energy, infrastructure, real estate, credit and hedge funds. The firm is a recognised global leader in private equity, with a long history of successful investments dating back to its founding in 1976. Although originally specialising in leveraged buy-out (control) transactions, KKR today participates in almost every asset class.
#3 The Carlyle Group
The Carlyle Group is a global private equity and alternative asset manager headquartered in Washington DC, USA. Carlyle was founded in 1987 and has grown to become one of the largest, most well known and most respected private equity managers globally. Carlyle operates across four principal strategies: Corporate Private Equity ($75bn AUM), Real Estate and Infrastructure ($44bn AUM), Global Credit ($34bn) and Fund of Funds / Investment Solutions ($34bn AUM). Carlyle was founded in 1987, originally as an investment banking boutique, by five founders: William Conway, Stephen Norris, David Rubenstein, Daniel D'Aniello and Greg Rosenbaum. Carlyle went public through a NASDAQ listing in May 2012.
#5 Goldman Sachs
Goldman Sachs is a diversified financial institution. Its Asset Management business provides investment and advisory services across public and private markets, including alternatives; in 2026, it acquired venture-capital platform Industry Ventures.
#6 Oaktree Capital
Oaktree Capital is one of the world's leading alternative investment managers. Oaktree has its original roots in high yielding and distressed credit/debt, although today invests across the spectrum from equity to debt. There are four primary strategies: credit, private equity, real assets, and listed equities. Credit comprises approximately 70% of the portfolio, with private equity and real assets comprising most of the remainder. Oaktree has a strong culture and investment philosophy focused on risk control, consistency, market inefficiency, specialisation, bottom-up analysis and disavowal of market timing.
#7 Warburg Pincus
Warburg Pincus is a global investment manager with private equity, real estate and capital solutions strategies. Its technology investments have included early-stage financings, growth equity and management buyouts.