The Venture Codex Logo

The Venture Codex

Hillhouse Capital Group

8 Marina Boulevard, #28-01, Marina Bay Financial Centre Tower 1, Singapore, 018981

Overview

Global investment management firm focused on long-term value creation.

Founded

2005

Deals · 12mo

9

Links

WebsiteLinkedIn

Stage focus

Series B
Series C

Geographic focus

China
United States

Sector focus

Business Development
Consumer
Financial Services
Health Care
...

Investment portfolio

43rounds
NAMEDATESIZE
Elegoo
May 2026Participated
$73 MSeries B
Axoft
Apr 2026Participated
$55 MSeries A
Earendil Labs
Mar 2026Participated
$787 MOther Equity
NOT A HOTEL
Feb 2026Participated
$66 MDebt
ZAST.AI
Feb 2026Led
$6 MSeries A
Angitia Biopharmaceuticals
Feb 2026Participated
$130 MSeries D
Third Arc Bio
Feb 2026Participated
$52 MSeries A
Tenpoint Therapeutics
Jan 2026Led
$235 MDebt
The Snow League
Nov 2025Participated
$15 MOther Equity
Dinii
Sep 2024Led
$50 MSeries B
Third Arc Bio
Jul 2024Led
$165 MSeries A
Orange Dental
Jan 2024Participated
$130 MSeries B
Elegoo
May 2026Participated
$73 MSeries B
Axoft
Apr 2026Participated
$55 MSeries A
Earendil Labs
Mar 2026Participated
$787 MOther Equity
NOT A HOTEL
Feb 2026Participated
$66 MDebt
ZAST.AI
Feb 2026Led
$6 MSeries A
Angitia Biopharmaceuticals
Feb 2026Participated
$130 MSeries D
Third Arc Bio
Feb 2026Participated
$52 MSeries A
Tenpoint Therapeutics
Jan 2026Led
$235 MDebt
The Snow League
Nov 2025Participated
$15 MOther Equity
Dinii
Sep 2024Led
$50 MSeries B
Third Arc Bio
Jul 2024Led
$165 MSeries A
Orange Dental
Jan 2024Participated
$130 MSeries B
43
Items
...
Browse all public portfolio deals

Insights

Time horizon

View by

Deal Distribution

Hillhouse Capital Group: 43 funding rounds are recorded in the selected participation categories.All available history.
Hillhouse Capital Group: 43 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Series A42
Series B510
Series C+76
Other Equity34
Debt11

Monthly Deal Activity

Hillhouse Capital Group: 43 deals are recorded across 129 months.All available history.
Hillhouse Capital Group: 43 deals are recorded across 129 months. All available history
MonthDeals
Feb '161
Mar '160
Apr '160
May '160
Jun '160
Jul '160
Aug '160
Sep '160
Oct '160
Nov '160
Dec '160
Jan '170
Feb '170
Mar '170
Apr '170
May '170
Jun '170
Jul '171
Aug '170
Sep '170
Oct '170
Nov '171
Dec '172
Jan '180
Feb '180
Mar '181
Apr '182
May '181
Jun '180
Jul '183
Aug '180
Sep '180
Oct '180
Nov '181
Dec '180
Jan '191
Feb '191
Mar '190
Apr '190
May '190
Jun '190
Jul '190
Aug '190
Sep '190
Oct '190
Nov '190
Dec '190
Jan '201
Feb '200
Mar '200
Apr '201
May '200
Jun '200
Jul '201
Aug '200
Sep '200
Oct '200
Nov '201
Dec '200
Jan '210
Feb '210
Mar '210
Apr '210
May '210
Jun '212
Jul '213
Aug '211
Sep '210
Oct '210
Nov '210
Dec '210
Jan '221
Feb '221
Mar '220
Apr '220
May '220
Jun '220
Jul '220
Aug '221
Sep '220
Oct '220
Nov '220
Dec '220
Jan '232
Feb '230
Mar '230
Apr '231
May '230
Jun '230
Jul '230
Aug '230
Sep '230
Oct '230
Nov '230
Dec '230
Jan '241
Feb '240
Mar '240
Apr '240
May '240
Jun '240
Jul '241
Aug '240
Sep '241
Oct '240
Nov '240
Dec '240
Jan '250
Feb '250
Mar '250
Apr '250
May '250
Jun '250
Jul '250
Aug '250
Sep '250
Oct '250
Nov '251
Dec '250
Jan '261
Feb '264
Mar '261
Apr '261
May '261
Jun '260
Jul '260
Aug '260
Sep '260
Oct '260

Sector Breakdown

Hillhouse Capital Group: Health & Life Sciences is the largest displayed sector by deal count (24 deals).All available history.

A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.

Hillhouse Capital Group: Health & Life Sciences is the largest displayed sector by deal count (24 deals). All available history
SectorDeals
Health & Life Sciences24
Hardware & Robotics5
Manufacturing5
Food & Agriculture5
Enterprise Software4
Space & Frontier Tech4
Consumer & Lifestyle4
Networks, Cloud & Communication4
E-Commerce & Retail3
Transportation & Logistics3
Fintech3
Education & Workforce2
Clean Energy & Sustainability2
AI & Machine Learning2
Social & Community Platforms2
Travel & Hospitality1
Cybersecurity & Privacy1
AR/VR1
Data, Analytics & IT1
Real Estate & Construction1
Media & Entertainment1
Gaming & eSports1
Professional Services1

Deal Size Distribution

Hillhouse Capital Group: 43 rounds have a disclosed size in the displayed size bands.All available history.

Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.

Hillhouse Capital Group: 43 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M1
$5M-$10M1
$10M-$25M3
$25M-$50M4
$50M-$100M11
$100M-$250M19
$250M-$500M1
$500M-$1B1
$1B+2

Deals By Geography

Hillhouse Capital Group: United States has the largest recorded deal count among the displayed regions (21 deals).All available history.

Top 6 of 6 regions; European countries are grouped as Europe.

Hillhouse Capital Group: United States has the largest recorded deal count among the displayed regions (21 deals). All available history
RegionDeals
United States21
China11
Europe7
Japan2
India1
Singapore1
Hillhouse Capital Group: 20 co-investors are shown, with BVF Partners sharing 4 recorded deals.All available history.

Co-Investors

Bubble size = shared deals

Click a bubble to open that fund in a new tab.

Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.

Hillhouse Capital Group: 20 co-investors are shown, with BVF Partners sharing 4 recorded deals. All available history
Co-investorShared deals
BVF Partners4
Cormorant Asset Management4
Lilly Asia Ventures4
OrbiMed4
ArrowMark Partners3
Janus Henderson Investors3
Legend Capital3
Rock Springs Capital3
SoftBank3
Tencent3
Wellington Management3
1955 Capital2
AbbVie Ventures2
abrdn2
Alexandria Venture Investments2
Ally Bridge Group2
Alumni Ventures2
Andreessen Horowitz2
Breakthrough Energy Ventures2
Canaan Partners2

Investment Strategy

Hillhouse Capital Group: Led accounts for 47% and participating for 53% of round participation.All available history.
Hillhouse Capital Group: Led accounts for 47% and participating for 53% of round participation. All available history
CategoryDeals (count)Share (%)
Led2047%
Participating2353%
Hillhouse Capital Group: Single-lead accounts for 45% and co-led for 55% of lead dynamics.All available history.
Hillhouse Capital Group: Single-lead accounts for 45% and co-led for 55% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead945%
Co-led1155%

Team

David Rhee

Partner

Ed Zhang

Venture Partner, HH Bioventure

Huang Liming

Partner

Lei Zhang

Chairman, Founder, CEO

Li Qiang

Operating GM

Sean Carney

Partner & Co-Head of Global Buyout

Steven Li

Operating Partner

Wensong Zhang

Operating Partner