Value Creation
Price Realization

Private Equity


Hony Capital's private equity business started in 2003 with the core concept of “Intelligent Capital to Create Value ”. It focuses on the field of pharmaceutical and healthcare, consumer products, catering, media and entertainment, environmental protection and new energy, as well as machinery and equipment manufacturing. At present, it manages eight PE funds with a total assets under management of over 65 billion RMB. Besides, it invests more than 100 Chinese and foreign companies. In order to create new multinational corporations centered on China, it also helps those companies grow bigger and stronger through systematic value-added services. Hony Capital’s investments include China Shijiazhuang Pharmaceutical Group (CSPC), Zoomlion, China International Marine Containers (CIMC), Suning, Chengtou Holding, Jin Jiang International Hotels, ENN, PizzaExpress (UK), STX(US) , WeWork (US) , I-Mab Biopharma and COFCO Capital. The total asset of these corporates is about 2.9 trillion yuan, and the overall sales are about 860 billion yuan. Over 450,000 jobs have been created by them.

  • Digital Economy

    • WeWork

    • ByteDance

    • STX Entertainment

    • Deem

    • Giant Interactive Group

  • Cross-border M&A

    • CIFA

    • Biosensors

    • Mr&Mrs Italy

    • PizzaExpress

    • FibroGen

  • SOE Restructuring

    • China Glass

    • Zoomlion

    • CSPC

    • COFCO Capital

    • Capital Heat

Real Estate

In 2014, Hony Capital began to build its financial investment capability on real estate and established a unique strategic positioning of “real estate + finance + operations”. As the first domestic manager to raise RMB blind pool real estate funds for institutional investors, currently, its total assets under management are more than 10 billion yuan. It has established three self-owned operation centers covering first-tier cities. In addition, there are more than 30 high-quality office buildings in the first-tier cities invested and operated by it. The construction area of those buildings is over 700,000 square meters and its asset management scale exceeds 10 billion.


Mutual Fund

Hony Horizon Fund Management Co., Ltd. (hereinafter referred to as Hony Horizon Fund) was formally established on January 31, 2018 with the approval of the China Securities Regulatory Commission. Its office is located in Shanghai with a registered capital of 170 million RMB. Hony Capital (Beijing) Co., Ltd. is 100% funded. It is a mutual fund management company of Hony Capital specializing in secondary market investment and management business.

Hony Horizon Fund, as a mutual fund management company under the umbrella of Hony Capital, will fully rely on the resources, capabilities and brand advantages of Hony Capital. It will also uphold the core concept “Intelligent Capital to Create Value” with a professional and market-oriented business philosophy. It is committed to building an asset management platform that attracts and manages high-quality funds at home and abroad, and provides customers with a variety of investment products.

Hedge Fund

Goldstream Capital Management Limited (“Goldstream”) was incorporated in Hong Kong in 2011 as an asset manager under HONY Capital specialized in secondary market investment. Goldstream operates out of Hong Kong and holds Hong Kong Securities and Futures Commission (SFC) Type 4 (advising on securities) and Type 9 (asset management) licenses.

1 platform +N Managers N products:Goldstream is positioned as an innovative fund management platform with multiple fund managers, asset classes and investment strategies. It enables the best fund managers to provide best-in-class solutions for experienced investors. Goldstream’s principal investment strategies currently include Asia and Greater China equity long/short hedge, long only, quant, macro hedge and Sino-US health hedge. It also manages separately managed accounts (SMAs) for institutional clients including some well-known Chinese banks and global FoF. Its total assets under management currently reach USD 350 million.

Innovation Investment

In the era of the digital economy, Hony Capital would better respond to and take advantage of changes in new technologies and new models, and explore in the field of science and technology innovation investment. As for the investment model, Hony Capital will try to explore the differentiated investment model of “World Technology + China Application”. Hony Capital will establish a structured strategic cooperation with leading foreign investment institutions, so as to explore foreign technology companies with leading technology and great application potential. Hony will collaborate with Hony and Legend systems,as well asthe network of its portfolio companies and by investing in leading domestic leading subdivisions, to promote the landing of World technology in the Chinese market.

Case: In July 2018, our company promoted the strategic cooperation agreement between Zoomlion and Landing.AI, and offered the intelligent agriculture by the application of AI.