About HSG
HSG is a private equity firm founded in 2005. It is primarily based in Hong Kong, China. As of Apr 2026, HSG is an active investor with a portfolio of 131 companies, comprising 131 funding rounds and 2 acquisitions. In the last 12 months, it has participated in 52 funding rounds and has made 1 acquisition. The firm primarily invests in companies based in China and United States. Its portfolio is spread across a wide range of sectors from High Tech to Enterprise Applications. Its latest investment was a $***** Series C round in Pulnovomed on Apr 20, 2026 which also saw participation from Medtronic, EQT and other investors.
A lot of funds co-invest with HSG, with names like Yunfeng Capital sharing a substantial percentage of its portfolio.
HSG has a team of 86 people, including 25 partners.
Key Metrics
Founded Year
2005
Location
Hong Kong, China
Portfolio Companies
Portfolio Sectors
Portfolio Locations
Acquisition Deals
Investment Deals
HSG's Portfolio
HSG has a portfolio of 131 companies. They have invested in a total of 131 companies. Their most recent investment was in Pulnovomed (Series C round) on Apr 20, 2026. Here are the most recent investments by HSG:Date | Company | Round | Amount | Co-Investors |
|---|---|---|---|---|
Apr 20, 2026 | Series C | 7950 | ||
Apr 14, 2026 | Seed | 1909 | ||
Apr 03, 2026 | Angel | 7186 | ||
Mar 26, 2026 | Seed | 4288 |
HSG has acquired 2 companies. Their most recent acquisition was of Golden Goose on Jan 08, 2026. Here are the most recent acquisitions by HSG:
Acquisition Date | Company | Short Description | Total Funding | Founded Year |
|---|---|---|---|---|
Jan 08, 2026 | Internet first brand offering apparel wear for kids, men & women | - | 2000 | |
Jan 23, 2025 | Retailer of drums and speakers | - | 1962 |
Here is the portfolio snapshot of HSG:
Investments by Year
The maximum number of investments were made in 2026
Acquisitions by Year
The maximum number of acquisitions were made in 2026
Portfolio by Location
Companies are primarily in China and United States
Portfolio by Sector
Companies are primarily in High Tech
Team profile of HSG
HSG has a team of 86 members including 25 Partners, 2 Venture Partners and 28 Principals located in China, United States and 6 more locations. HSG's team does not sit on the board of any company as of now.Here is a list of top team members in HSG:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | San Francisco | - | ||
Partner | Chaoyang | - | ||
Partner | - | - | ||
Partner | - | - | ||
Partner | Hong Kong | - | - | |
Partner | Jing'an | - | - | |
Partner | Beijing | - | - | |
Partner | Hong Kong | - | ||
Partner | Shanghai | - | - | |
Partner | Shanghai | - | - |
Co-investors of HSG
Over the past 21 years, 350 investors have co-invested in HSG's portfolio companies.
- Top Co-investors of HSG: 350 investors entered a company along with HSG. These include investors like Yunfeng Capital (8 companies).
HSG News
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Golden Goose starts marketing bond sale linked to PE firm buyoutFashion Network•Apr 14, 2026•HSG, Golden Goose
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AUBL Receives Series A Funding from Blue Pool Capital, Nan Fung Group, etc.Sina•Apr 11, 2026•HSG, Bolt Ventures, Nan Fung Group, Blue Pool Capital and 2 others
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Dalan Technology Completes Angel and Pre-A Rounds, Raising Millions of DollarsJinglingshuju•Mar 24, 2026•HSG, Gaocheng Capital
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Dify Raises $30M to Accelerate Enterprise AI WorkflowsVentureburn•Mar 10, 2026•Global League, Dify, Mizuho Financial Group, 5Y Capital and 16 others
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Stablecoin payments platform Kast secures $80m Series A fundingElectronic Payments International•Mar 10, 2026•KAST, Left Lane, QED Investors, HSG and 12 others
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HCEP Management Ltd Raises Stock Position in Qfin Holdings Inc. - Sponsored ADR $QFINMarketBeat•Mar 09, 2026•Qfin, HSG
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Spirit AI Lands $280M to Scale Embodied AI Through "Dirty Data"PR Newswire•Feb 25, 2026•Spirit AI, HSG, YunFeng Capital, KAST and 3 others
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X Square Robot Secures $140 Million Funding Led by ByteDance and HongShanTHE BRIDGE•Feb 08, 2026•X Square Robot, HSG, Alibaba, ByteDance and 1 other
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