Hony Capital logo

Hony Capital

Asia, Beijing, China, Beijing

Description

Hony Capital, established in 2003 as a subsidiary of Legend Holdings, stands as a prominent private equity firm headquartered in Beijing, China. It specializes in buyouts and growth capital investments, playing a pivotal role in the transformation and development of various industries within China and globally. The firm is recognized for its strategic approach to value creation, often focusing on operational enhancements and industry consolidation.

Hony Capital manages a substantial portfolio, with its total assets under management (AUM) exceeding $10 billion. Its investment strategy is broad yet focused, targeting sectors such as healthcare, consumer goods, food & beverage, technology, financial services, and advanced manufacturing. The firm frequently invests in traditional industries, aiming to facilitate their modernization and expansion through significant capital injection and strategic guidance.

With a robust track record, Hony Capital boasts over 100 investments and more than 60 successful exits, underscoring its deep market understanding and execution capabilities. The firm's commitment extends beyond mere capital provision; it actively partners with its portfolio companies, leveraging its extensive network and operational expertise to drive sustainable growth and market leadership. Its typical investment sizes reflect its focus on substantial, transformative deals within its target sectors.

Investor Profile

Hony Capital has backed more than 25 startups, with 1 new investments in the last 12 months alone. The firm has led 8 rounds, about 32% of its total and boasts 23 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Series B, Series Unknown, Series A rounds (top funding stages).
  • Majority of deals are located in China, United States, Hong Kong.
  • Strong thematic focus on Film Production, Health Care, Music.
  • Led 1 rounds in the past year.
  • Typical check size: $50M – $500M.

Stage Focus

  • Series B (16%)
  • Series Unknown (16%)
  • Series A (16%)
  • Series D (8%)
  • Series C (8%)
  • Angel (8%)
  • Private Equity (8%)
  • Post Ipo Equity (4%)
  • Series E (4%)
  • Secondary Market (4%)

Country Focus

  • China (72%)
  • United States (24%)
  • Hong Kong (4%)

Industry Focus

  • Film Production
  • Health Care
  • Music
  • Coworking
  • Real Estate
  • E-commerce
  • Software
  • Transportation
  • Internet
  • Education
circle-line
FAQ

Frequently Asked Questions

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

Who does Hony Capital frequently co-invest with?

Goldman Sachs
North America, New York, United States, New York
Co-Investments: 4
SoftBank Vision Fund
Europe, England, United Kingdom, London
Co-Investments: 3
Tencent
Asia, Guangdong, China, Shenzhen
Co-Investments: 3
TPG
North America, California, United States, San Francisco
Co-Investments: 2
Meridian Capital Asia
Asia, Central Region, Singapore, Singapore
Co-Investments: 2
CC
North America, Connecticut, United States, Stamford
Co-Investments: 2
Vertex Ventures China
Asia, Beijing, China, Beijing
Co-Investments: 2
Neusoft Group
Asia, Liaoning, China, Shenyang
Co-Investments: 3
CPP Investments
North America, Ontario, Canada, Toronto
Co-Investments: 2
HongShan
Asia, Beijing, China, Beijing
Co-Investments: 2

Which angels does Hony Capital often collaborate with?

Shared Deals: 1
Adrian Cheng
Asia, Hong Kong
Shared Deals: 1

What are some of recent deals done by Hony Capital?

Manifold Tech

Sha Tau Kok, New Territories, Hong Kong

Manifold Tech's goal is to lead the way in intelligent 3D perception and reconstruction.

Electrical DistributionElectronics
SeedJun 10, 2025
Guangyu Mingdao

Yubei, Chongqing, China

Guangyu Mingdao is an industrial internet platform.

Artificial Intelligence (AI)Information TechnologyInternet
AngelSep 26, 2023
Shenzhen Jijia

Shenzhen, Guangdong, China

Shenzhen Jijia is a professional SaaS service provider focusing on Amazon cross-border e-commerce.

E-CommerceSaaSSoftware
Series AJul 5, 2021
Amount Raised: $28,000,000
Dingdong Maicai

Shanghai, Shanghai, China

Dingdong Maicai is a fresh vegetable e-commerce platform that is dedicated to accelerating production through technology.

DeliveryE-CommerceFood and BeverageSales
Series DApr 6, 2021
Amount Raised: $700,000,000
EpimAb Biotherapeutics

Shanghai, Shanghai, China

EpimAb Biotherapeutics is a privately owned biopharmaceutical R&D company.

BiopharmaBiotechnologyHealth CareTherapeutics
Series CMar 22, 2021
Amount Raised: $120,000,000
Houmo.AI

Nanjing, Jiangsu, China

Houmo.AI is a semiconductor company that develops an integrated circuit storage technology for AI computing.

Artificial Intelligence (AI)Cloud ComputingSemiconductor
AngelMar 4, 2021
Fenbi

Beijing, Beijing, China

Fenbi provides vocational education examination services.

EdTechEducationVocational Education
Series AFeb 8, 2021
Amount Raised: $390,000,000
Nourse

Shanghai, Shanghai, China

Nourse is a pet nutrition product supplier.

NutritionPet
Series BDec 4, 2020
Amount Raised: $30,620,369
Chongxing Chongwu

Shanghai, Shanghai, China

Chongxing Chongwu is a supplier of pet supplies.

Series BDec 4, 2020
Amount Raised: $30,620,369
Eros STX Global

Secaucus, New Jersey, United States

Eros STX Global is a global entertainment company that acquires, co-produces and distributes films, digital content & music.

FilmFilm ProductionMedia and EntertainmentMusic
Post Ipo EquityApr 17, 2020
Amount Raised: $125,000,000