Greenwoods Asset Management is a Chinese investment management firm headquartered in Shanghai, founded in 2004. It operates one of the largest hedge funds in Asia and has expanded into private equity, managing seven private equity funds focused on growth-stage opportunities in consumer, healthcare, and TMT sectors.
67% of their portfolio is in Education. Average disclosed round size is $662.0M (across 5 rounds with reported amounts).
Portfolio
4
Fund Size
$20B
Top Stage
Unknown
Last 12 Mo
0
Team
DP
Di Pan
Managing Director
JZ
Joseph Zeng
Partner
JL
Junnan Li
Executive Director
MZ
Max Z.
Analyst
GY
George Ye
Chief Investment Officer
SW
Sheng Wang
Global Technology Investor
WL
Wei Li
Portfolio Manager, Greenwoods Healthcare Fund
Portfolio Breakdown
Stage Distribution
Investment Activity
DealsAvg Round Size
Portfolio
6 investments
| Company | Round | Amount | Date |
|---|---|---|---|
| SSangon Biotech | Unknown | $290M | Jan 2023 |
 Yuanfudao | Series G | $2.2B | Oct 2020 |
| Yuanfudao | Growth | $300M | Dec 2018 |
 CHINA EDUCATION GROUP HOLDINGS LIMITED | Unknown | $420M | Jan 2017 |
 Yijiupi | Series C | $100M | Jan 2016 |
| Yuanfudao | Unknown | — | — |
Top Co-Investors
GIC Private Limited3 shared
Tencent Investment3 shared
IDG Capital3 shared
CPE3 shared
Boyu Capital3 shared
Blackstone Inc.3 shared
Ocean Link3 shared
Hillhouse Investment3 shared
Danhua Capital3 shared
DST Global2 shared
BDC Capital2 shared
Warburg Pincus LLC2 shared
MPC1 shared
Matrix Partners1 shared
Source Code Capital1 shared
Lighthouse Ventures1 shared
Novo Holdings A/S1 shared
Last updated: 14 September 2026