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    Hillhouse Investment

    SingaporeFounded 2005
    www.hillhouseinvestment.comLinkedIn
    ConsumerHealthcareEnterprise SoftwareFintech

    Hillhouse Investment Management Ltd. (formerly known as Hillhouse Capital) is a global investment firm founded by Lei Zhang in 2005, headquartered in Singapore. The firm invests across the full business lifecycle through private equity, growth equity, and venture capital, with sector focus on consumer, healthcare, technology, and financial services.

    Deal activity increased 200% year-over-year (3 deals in the last 12 months). Average disclosed round size is $257.2M (across 35 rounds with reported amounts).

    Find people at Hillhouse Investment on Goldilocks AI

    Portfolio

    41

    Fund Size

    $7B

    Top Stage

    Series B

    Last 12 Mo

    4

    Team

    TK

    Tomohiro Kikuta

    Partner

    MY

    Michael Yi

    Co-Chief Investment Officer

    AH

    Adam Hornung

    Co-Chief Operating Officer & General Counsel

    JG

    Joe Gagnon

    Co-Head of Real Assets - Rava Partners

    LZ

    Lei Zhang

    Founder & Chairman

    SH

    Siddhartha Hari

    Co-Head of Private Credit - Elham Credit

    AW

    Audrey Woon

    CG

    Carl Ge

    CL

    Cathy Liu

    CD

    Charles Dirrig

    Charlotte Baker

    Charlotte Baker

    Hallie Fishman

    Hallie Fishman

    Portfolio Breakdown

    Stage Distribution

    Sector Distribution

    Investment Activity

    DealsAvg Round Size

    Portfolio

    44 investments
    CompanyRoundAmountDate
    Night logoNightGrowth—Feb 2026
    Third Arc Bio logoThird Arc BioSeries A$52MFeb 2026
    Tenpoint Therapeutics logoTenpoint TherapeuticsSeries B—Jan 2026
    D-Robotics logoD-RoboticsSeries B$270MJan 2026
    SSNOW LEAGUEGrowth$15MJan 2025
    Dinii logoDiniiSeries B$45MSep 2024
    Noah Medical logoNoah MedicalSeries B$150MApr 2023
    CChanging BiotechSeries A$22MJul 2022
    Ghost Financial logoGhost FinancialPre-Seed$2.5MApr 2022
    VVanMoofSeries C$128MSep 2021
    Nature’s Fynd logoNature’s FyndSeries C$350MJul 2021
    Arrivent Biopharma logoArrivent BiopharmaSeries A$150MJun 2021
    Keep logoKeepSeries F$360MJan 2021
    LalaMove logoLalaMoveSeries E—Dec 2020
    CClassInSeries C$265MDec 2020
    Horizon Robotics logoHorizon RoboticsSeries C$150MDec 2020
    Yuanfudao logoYuanfudaoSeries G$2.2BOct 2020
    Xpeng logoXpengSeries C—Jul 2020
    FFiSeed$13.2MJan 2020
    SShengshengSeries B—Jan 2020
    CRED logoCREDSeries B$120MAug 2019
    TTrumid FinancialSeries C$60MMay 2019
    Coalition logoCoalitionSeries B$40MMay 2019
    Airwallex logoAirwallexSeries C$100MMar 2019
    Horizon Robotics logoHorizon RoboticsSeries B$600MFeb 2019
    Page 1 of 2

    Top Co-Investors

    Tencent Investment7 shared
    HongShan6 shared
    Sequoia Capital5 shared
    Boyu Capital5 shared
    Temasek Holdings (Private) Limited4 shared
    IDG Capital4 shared
    GGV Capital3 shared
    Tiger Global Management, LLC3 shared
    5Y Capital3 shared
    SoftBank Vision Fund3 shared
    DST Global3 shared
    Ribbit Capital3 shared
    Greenwoods Asset Management3 shared
    GIC Private Limited3 shared
    CPE3 shared
    Blackstone Inc.3 shared
    Digital Transformation Capital Partners3 shared
    Ocean Link3 shared
    Danhua Capital3 shared
    LAV3 shared

    Last updated: 8 September 2026