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Hillhouse Investment

Asia, Central Region, Singapore, Singapore

Description

Hillhouse Investment, a key part of the global investment firm Hillhouse Capital Group, was founded in 2005 by Lei Zhang. Headquartered in Singapore, the firm is renowned for its long-term, value-oriented investment philosophy, often described as 'patient capital.' Hillhouse employs a deep research-driven approach, focusing on understanding fundamental industry trends and partnering with exceptional entrepreneurs and management teams across various stages, from early-stage venture to public equities.

The firm's investment strategy spans a diverse range of sectors, including consumer, healthcare, technology, advanced manufacturing, and business services. Hillhouse is particularly active in Asia, where it has built a formidable reputation for identifying and nurturing leading companies. Their approach emphasizes building sustainable competitive advantages and fostering innovation, often through significant capital deployment and strategic guidance.

Hillhouse Investment manages substantial assets, with its Assets Under Management (AUM) frequently reported to be over $60 billion, making it one of the largest investment firms originating from Asia. This considerable capital base allows them to make impactful investments across the capital spectrum. While they can participate in large-scale private equity buyouts and public market investments, their typical first check for private companies generally ranges from a minimum of $2 million for early-stage venture opportunities to a maximum of $250 million for significant growth equity or pre-IPO rounds.

Through its dedicated early-stage investment arm, GL Ventures, Hillhouse actively supports nascent companies from seed to Series B rounds, demonstrating its commitment to fostering innovation from the ground up. This multi-stage investment capability, combined with its deep industry expertise and global network, positions Hillhouse Investment as a powerful and influential force in the global investment landscape, consistently seeking to create long-term value for its partners and portfolio companies.

Investor Profile

Hillhouse Investment has backed more than 175 startups, with 8 new investments in the last 12 months alone. The firm has led 66 rounds, about 38% of its total and boasts 73 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Series B, Series C, Series A rounds (top funding stages).
  • Majority of deals are located in China, United States, India.
  • Strong thematic focus on Biotechnology, Health Care, E-Commerce.
  • Led 5 rounds in the past year.
  • Typical check size: $2M – $250M.

Stage Focus

  • Series B (24%)
  • Series C (23%)
  • Series A (18%)
  • Series D (10%)
  • Private Equity (4%)
  • Series E (4%)
  • Seed (4%)
  • Series Unknown (3%)
  • Post Ipo Equity (3%)
  • Series F (3%)

Country Focus

  • China (58%)
  • United States (21%)
  • India (6%)
  • South Korea (3%)
  • Singapore (3%)
  • Germany (2%)
  • Australia (2%)
  • Hong Kong (1%)
  • Indonesia (1%)
  • United Kingdom (1%)

Industry Focus

  • Biotechnology
  • Health Care
  • E-commerce
  • Software
  • Medical
  • Pharmaceutical
  • Information Technology
  • Artificial Intelligence (Ai)
  • Internet
  • Biopharma
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Hillhouse Investment frequently co-invest with?

OrbiMed
North America, New York, United States, New York
Co-Investments: 12
Sequoia Capital
North America, California, United States, Menlo Park
Co-Investments: 11
IDG Capital
Asia, Beijing, China, Beijing
Co-Investments: 12
Tencent
Asia, Guangdong, China, Shenzhen
Co-Investments: 18
Temasek Holdings
Asia, Central Region, Singapore, Singapore
Co-Investments: 10
5Y Capital
Asia, Shanghai, China, Xuhui
Co-Investments: 9
HongShan
Asia, Beijing, China, Beijing
Co-Investments: 24
Qiming Venture Partners
Asia, Shanghai, China, Shanghai
Co-Investments: 8
GGV Capital
North America, California, United States, Menlo Park
Co-Investments: 16
Boyu Capital
Asia, Beijing, China, Beijing
Co-Investments: 13

Which angels does Hillhouse Investment often collaborate with?

JM
Europe, Gloucestershire, United Kingdom, Berkeley
Shared Deals: 1
Iyinoluwa Aboyeji
Africa, Nigeria
Shared Deals: 1
GH
North America, New Hampshire, United States, Londonderry
Shared Deals: 1
SS
North America, Nevada, United States, Las Vegas
Shared Deals: 1
TR
North America, New York, United States, New York
Shared Deals: 1
MB
Europe, Cambridgeshire, United Kingdom, Cambridge
Shared Deals: 1
WD
North America, California, United States, Santa Clara
Shared Deals: 1
YM
North America, California, United States, Los Altos Hills
Shared Deals: 1
RP
North America, California, United States, San Francisco
Shared Deals: 1
Byung Joon Han
Asia, Central Region, Singapore, Singapore
Shared Deals: 1

What are some of recent deals done by Hillhouse Investment?

Vita Dynamics

Beijing, Beijing, China

Vita Dynamics aims to develop robots based on the concept of embodied intelligence.

Artificial Intelligence (AI)Robotic Process Automation (RPA)Robotics
SeedMar 21, 2025
Horizon Continental Technology

Jiading, Shanghai, China

Horizon Continental Technology is a joint venture between Continental Group and Horizon Robotics

AngelMar 12, 2025
Sainte

Tongzhou, Beijing, China

Sainte is a company which provides professional nutritional solutions for babies with different nutritional needs

Health CareMedicalNutrition
Series BFeb 27, 2025
Amount Raised: $55,029,716
ZJeagles Comsemi

Hangzhou, Zhejiang, China

ZJeagles Comsemi is the designer and producer of optical communication chips designed for data centers and other industrial applications.

ManufacturingOptical CommunicationTelecommunications
Series BJan 24, 2025
Amount Raised: $41,413,012
Vita Dynamics

Beijing, Beijing, China

Vita Dynamics aims to develop robots based on the concept of embodied intelligence.

Artificial Intelligence (AI)Robotic Process Automation (RPA)Robotics
SeedJan 22, 2025
Amount Raised: $13,651,598
dinii

Tokyo, Tokyo, Japan

Dinii is a software company that designs digital ordering platforms for restaurants and local take-out shops.

Food and BeverageMobileSoftware
Series BSep 25, 2024
Amount Raised: $51,548,173
Ascentium

Singapore, Central Region, Singapore

Ascentium's aim is to enable organizations and individuals to achieve remarkable levels of success and prosperity.

Business DevelopmentConsulting
SeedSep 24, 2024
Xingmai Innovation

Suzhou, Jiangsu, China

Xingmai Innovation creates, develops, and sells intelligent swimming pool cleaning robots.

RoboticsSwimming
Series ASep 19, 2024
Third Arc Bio

Boston, Massachusetts, United States

Third Arc Bio is a biotech company developing multifunctional antibodies for inflammatory and immunology diseases.

BiotechnologyHealth CareLife ScienceMedicalOncology
Series AJul 23, 2024
Amount Raised: $165,000,000
Xiaohongshu

Shanghai, Shanghai, China

Xiaohongshu is a social e-commerce platform for users to share product reviews and shopping experiences.

E-CommerceMobile AppsShoppingSocial
Secondary MarketJul 11, 2024