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About HSG

HSG is a private equity firm founded in 2005It is primarily based in Hong Kong, ChinaAs of Apr 2026, HSG is an active investor with a portfolio of 131 companies, comprising 131 funding rounds and 2 acquisitionsIn the last 12 months, it has participated in 52 funding rounds and has made 1 acquisitionThe firm primarily invests in companies based in China and United StatesIts portfolio is spread across a wide range of sectors from High Tech to Enterprise ApplicationsIts 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 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
Investments by Year - The maximum number of investments were made in 2026# Investments20262024202220202018Year
Acquisitions by Year
The maximum number of acquisitions were made in 2026
Acquisitions by Year - The maximum number of acquisitions were made in 2026# Acquisitions20262025Year
Portfolio by Location
Companies are primarily in China and United States
Portfolio by LocationChinaUnited States
Portfolio by Sector
Companies are primarily in High Tech
Portfolio by SectorHigh TechEnterprise Applications

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 HSG350 investors entered a company along with HSG. These include investors like Yunfeng Capital (8 companies).

HSG News

Stablecoin payments platform Kast secures $80m Series A fundingElectronic Payments InternationalMar 10, 2026KAST, Left Lane, QED Investors, HSG and 12 others
View more HSG News

FAQs about HSG

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