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Hony Capital

25/F, Hexa International Plaza, 9 Chaoyangmen North Street, Dongcheng District, Beijing, China

Overview

China-focused private equity firm specializing in value creation.

Founded

2003

Deals · 12mo

3

Links

WebsiteLinkedIn

Stage focus

Series B
Series C

Geographic focus

China
Hong Kong
United States

Sector focus

Asset Management
E-Commerce
Finance
Photography

Investment portfolio

19rounds
NAMEDATESIZE
Grace Investment Machine
Jul 2026Led
$20 MSeries A
Robot Era
Jul 2026Participated
$147 MOther Equity
Excalipoint Therapeutics
Mar 2026Participated
$28 MSeed
UNISOC
Jun 2024Participated
$552 MOther Equity
Meishubao
Jan 2024Participated
$40 MSeries C
Houmo.AI
Aug 2021Participated
$46 MSeries A
Advaccine
Apr 2021Led
$66 MOther Equity
EpimAb Biotherapeutics
Mar 2021Participated
$120 MSeries C
STX Entertainment
Mar 2019Led
$700 MOther Equity
WeWork China
Jul 2018Participated
$500 MSeries B
WeWork
Jul 2018Led
$500 MSeries B
I-Mab Biopharma
Jun 2018Led
$220 MSeries C
Grace Investment Machine
Jul 2026Led
$20 MSeries A
Robot Era
Jul 2026Participated
$147 MOther Equity
Excalipoint Therapeutics
Mar 2026Participated
$28 MSeed
UNISOC
Jun 2024Participated
$552 MOther Equity
Meishubao
Jan 2024Participated
$40 MSeries C
Houmo.AI
Aug 2021Participated
$46 MSeries A
Advaccine
Apr 2021Led
$66 MOther Equity
EpimAb Biotherapeutics
Mar 2021Participated
$120 MSeries C
STX Entertainment
Mar 2019Led
$700 MOther Equity
WeWork China
Jul 2018Participated
$500 MSeries B
WeWork
Jul 2018Led
$500 MSeries B
I-Mab Biopharma
Jun 2018Led
$220 MSeries C
19
Items
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Browse all public portfolio deals

Insights

Time horizon

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Deal Distribution

Hony Capital: 19 funding rounds are recorded in the selected participation categories.All available history.
Hony Capital: 19 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed01
Series A11
Series B21
Series C+32
Other Equity35

Monthly Deal Activity

Hony Capital: 19 deals are recorded across 200 months.All available history.
Hony Capital: 19 deals are recorded across 200 months. All available history
MonthDeals
Mar '101
Apr '100
May '100
Jun '100
Jul '100
Aug '100
Sep '100
Oct '100
Nov '100
Dec '100
Jan '110
Feb '110
Mar '110
Apr '110
May '110
Jun '110
Jul '110
Aug '110
Sep '110
Oct '110
Nov '110
Dec '110
Jan '120
Feb '120
Mar '120
Apr '120
May '120
Jun '120
Jul '120
Aug '120
Sep '120
Oct '120
Nov '120
Dec '120
Jan '130
Feb '130
Mar '130
Apr '130
May '130
Jun '130
Jul '130
Aug '130
Sep '130
Oct '130
Nov '130
Dec '130
Jan '140
Feb '140
Mar '140
Apr '140
May '140
Jun '140
Jul '141
Aug '140
Sep '140
Oct '140
Nov '140
Dec '140
Jan '150
Feb '150
Mar '150
Apr '150
May '150
Jun '150
Jul '150
Aug '150
Sep '150
Oct '150
Nov '150
Dec '150
Jan '160
Feb '160
Mar '162
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 '172
Aug '171
Sep '170
Oct '170
Nov '170
Dec '170
Jan '180
Feb '180
Mar '180
Apr '180
May '180
Jun '181
Jul '182
Aug '180
Sep '180
Oct '180
Nov '180
Dec '180
Jan '190
Feb '190
Mar '191
Apr '190
May '190
Jun '190
Jul '190
Aug '190
Sep '190
Oct '190
Nov '190
Dec '190
Jan '200
Feb '200
Mar '200
Apr '200
May '200
Jun '200
Jul '200
Aug '200
Sep '200
Oct '200
Nov '200
Dec '200
Jan '210
Feb '210
Mar '211
Apr '211
May '210
Jun '210
Jul '210
Aug '211
Sep '210
Oct '210
Nov '210
Dec '210
Jan '220
Feb '220
Mar '220
Apr '220
May '220
Jun '220
Jul '220
Aug '220
Sep '220
Oct '220
Nov '220
Dec '220
Jan '230
Feb '230
Mar '230
Apr '230
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 '241
Jul '240
Aug '240
Sep '240
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 '250
Dec '250
Jan '260
Feb '260
Mar '261
Apr '260
May '260
Jun '260
Jul '262
Aug '260
Sep '260
Oct '260

Sector Breakdown

Hony Capital: Real Estate & Construction is the largest displayed sector by deal count (4 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.

Hony Capital: Real Estate & Construction is the largest displayed sector by deal count (4 deals). All available history
SectorDeals
Real Estate & Construction4
Media & Entertainment4
Health & Life Sciences4
Networks, Cloud & Communication3
AI & Machine Learning3
Enterprise Software2
Space & Frontier Tech2
Transportation & Logistics2
Consumer & Lifestyle2
Hardware & Robotics2
Manufacturing2
Travel & Hospitality1
Education & Workforce1
E-Commerce & Retail1
Fintech1

Deal Size Distribution

Hony Capital: 19 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.

Hony Capital: 19 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M0
$5M-$10M0
$10M-$25M1
$25M-$50M4
$50M-$100M3
$100M-$250M4
$250M-$500M1
$500M-$1B6
$1B+0

Deals By Geography

Hony Capital: China has the largest recorded deal count among the displayed regions (12 deals).All available history.

Top 3 of 3 regions; European countries are grouped as Europe.

Hony Capital: China has the largest recorded deal count among the displayed regions (12 deals). All available history
RegionDeals
China12
United States5
Hong Kong2
Hony Capital: 20 co-investors are shown, with Matrix Partners China sharing 3 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.

Hony Capital: 20 co-investors are shown, with Matrix Partners China sharing 3 recorded deals. All available history
Co-investorShared deals
Matrix Partners China3
SoftBank3
Temasek3
Sequoia Capital2
Trustbridge Partners2
5Y Capital1
Alibaba1
Ally Bridge Group1
Apricot Capital1
BlueRun Ventures1
C-Bridge Capital1
CDH Investments1
Centurium Capital1
Chengtong Fund1
CICC Renault1
Citic Mianyang Fund1
CMB International1
Co-win Ventures1
Cormorant Asset Management1
CPE1

Investment Strategy

Hony Capital: Led accounts for 47% and participating for 53% of round participation.All available history.
Hony Capital: Led accounts for 47% and participating for 53% of round participation. All available history
CategoryDeals (count)Share (%)
Led947%
Participating1053%
Hony Capital: Single-lead accounts for 44% and co-led for 56% of lead dynamics.All available history.
Hony Capital: Single-lead accounts for 44% and co-led for 56% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead444%
Co-led556%

Team

Gu Yu

Investment Director

John Zhao

Founder and CEO

Kevin Yi Cheng

Managing Director

Lang Xiaofeng

Managing Director

Linda Wang

Managing Director