About HSG
HSG is a private equity firm founded in 2005. It is primarily based in Hong Kong, China. As of Nov 2026, HSG is an active investor with a portfolio of 230 companies, comprising 230 funding rounds and 2 acquisitions. In the last 12 months, it has participated in 73 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 D round in Today AI on Oct 21, 2026 which also saw participation from Ant Group, IDG Capital and other investors.
A lot of funds co-invest with HSG, with names like Tencent sharing a substantial percentage of its portfolio.
HSG has a team of 72 people, including 43 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 230 companies. They have invested in a total of 230 companies. Their most recent investment was in Today AI (Series D round) on Oct 21, 2026. Here are the most recent investments by HSG:Date | Company | Round | Amount | Co-Investors |
|---|---|---|---|---|
Oct 21, 2026 | Series D | 1744 | ||
Oct 14, 2026 | Series C | 8623 | ||
Oct 12, 2026 | Series C | 9862 | ||
Oct 08, 2026 | Series C | 3811 | and 3 others |
HSG has acquired 2 companies. Their most recent acquisition was of Golden Goose on Dec 01, 2025. Here are the most recent acquisitions by HSG:
Acquisition Date | Company | Short Description | Total Funding | Founded Year |
|---|---|---|---|---|
Dec 01, 2025 | Internet first brand offering apparel wear for kids, men & women | - | 2000 | |
Jan 23, 2025 | Manufacturer of audio equipment including amplifiers speakers and personal headphones | - | 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 2025
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 72 members including 43 Partners and 12 Principals located in China, United Kingdom and 2 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 | Beijing | - | - | |
Partner | London | - | ||
Partner | Hong Kong | - | - | |
Partner | Hong Kong | - | ||
Partner | Hong Kong | - | ||
Partner | New York | - | - | |
Partner | Hong Kong | - | - | |
Partner | Hong Kong | - | ||
Partner | Shanghai | - | - | |
Partner | Beijing | - | ||
Partner | Hong Kong | - | - |
Co-investors of HSG
Over the past 21 years, 432 investors have co-invested in HSG's portfolio companies.
- Top Co-investors of HSG: 432 investors entered a company along with HSG. These include investors like Tencent (15 companies).
HSG News
•
AI Agent Developer Manus Secures Over $500M in Funding at $4B ValuationSiliconAngle•Oct 09, 2026•Tencent, Boyu Capital, Manus, HSG and 6 others
•
Tabby Valued at $6.5 Billion in Funding Round Led by Blue Pool CapitalCryptocurrency•Sep 14, 2026•Tabby, Blue Pool Capital, Arbor Ventures, HSG
•
China Motorcycle Company ZXMOTO Raises New Funding at $890 Million ValuationCaproasia•Aug 16, 2026•HSG
•
•
HSG completes acquisition of a majority stake in Golden GooseFashion Network•Jun 24, 2026•HSG, Golden Goose, Temasek, Permira and 1 other
•
HongShan Capital in Talks to Acquire Leica Camera Controlling Stake for $1.2 BillionCaproasia•May 31, 2026•Leica Camera AG, HSG, Blackstone, SoftBank Group and 2 others
•
Full-Life Technologies Secures $150 Million Financing for Clinical Development and ManufacturingPR Newswire•May 19, 2026•Full-Life Technologies, TSG Capital, HSG, Junson Capital and 7 others
•
Pulnovo Medical Announces Strategic Investment from Medtronic in $100 Million FinancingPR Newswire•Apr 20, 2026•Medtronic, Pulnovomed, LAV, HSG and 4 others
•
China Robotics Startup TARS Raised $455 Million in Pre-Series A FundingCaproasia•Apr 18, 2026•HSG, Global League, X Square Robot, Legend Star and 2 others
•
Golden Goose starts marketing bond sale linked to PE firm buyoutFashion Network•Apr 14, 2026•HSG, Golden Goose
