Hillhouse Investment

Hillhouse Investment, formerly Hillhouse Capital, was founded in 2005 by Zhang Lei with seed backing from Yale University’s endowment. From its beginnings in Beijing, the firm quickly established itself as a champion of long-term, research-driven investment in Asia’s rapidly growing technology and consumer markets. Over the years, Hillhouse has expanded its reach to manage more than $70 billion in assets, making it one of the most influential investment managers in the region. Its portfolio spans internet technology, healthcare, and consumer goods, with notable early investments in companies such as Tencent, JD.com, and Meituan. Hillhouse’s philosophy centers on backing visionary entrepreneurs and remaining a patient capital partner, often holding investments for decades rather than years.

Now headquartered in Singapore, Hillhouse has transformed into a global platform with offices in Hong Kong, New York, and London. Its workforce of roughly 250 professionals blends sector specialists, former operators, and technologists who provide deep operational support to portfolio companies. The firm has backed more than 400 businesses across Asia, Europe, and North America, including global leaders in biotech, consumer brands, and financial technology. Known for its rigorous research culture and its willingness to place concentrated bets, Hillhouse is widely seen as a bellwether of long-term private equity in Asia. Its combination of scale, patience, and strategic support continues to shape the next generation of global champions.