About HSG
HSG is a private equity firm founded in 2005. It is primarily based in Hong Kong, China. As of Sep 2026, HSG is an active investor with a portfolio of 215 companies, comprising 215 funding rounds and 2 acquisitions. In the last 12 months, it has participated in 71 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 UniPat on Sep 10, 2026 which also saw participation from Alibaba Group and Tencent.
A lot of funds co-invest with HSG, with names like Tencent sharing a substantial percentage of its portfolio.
HSG has a team of 70 people, including 27 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 215 companies. They have invested in a total of 215 companies. Their most recent investment was in UniPat (Series D round) on Sep 10, 2026. Here are the most recent investments by HSG:Date | Company | Round | Amount | Co-Investors |
|---|---|---|---|---|
Sep 10, 2026 | Series D | 8841 | ||
Aug 28, 2026 | Series D | 3865 | ||
Aug 21, 2026 | Series A | 4444 | and 6 others | |
Aug 17, 2026 | Seed | 2073 |
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 70 members including 27 Partners, 2 Venture Partners and 21 Principals located in China, United States and 4 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 | Hong Kong | - | ||
Partner | New York | - | - | |
Partner | Hong Kong | - | - | |
Partner | - | - | ||
Partner | - | - | ||
Partner | Beijing | - | ||
Partner | Hong Kong | - | - | |
Partner | Jing'an | - | - | |
Partner | Beijing | - | - | |
Partner | Hong Kong | - |
Co-investors of HSG
Over the past 21 years, 407 investors have co-invested in HSG's portfolio companies.
- Top Co-investors of HSG: 407 investors entered a company along with HSG. These include investors like Tencent (9 companies).
HSG News
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China Motorcycle Company ZXMOTO Raises New Funding at $890 Million ValuationCaproasia•Aug 16, 2026•HSG
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HSG completes acquisition of a majority stake in Golden GooseFashion Network•Jun 24, 2026•HSG, Golden Goose, Temasek, Permira and 1 other
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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
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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
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Pulnovo Medical Announces Strategic Investment from Medtronic in $100 Million FinancingPR Newswire•Apr 20, 2026•Medtronic, Pulnovomed, LAV, HSG and 4 others
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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
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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
