Boyu Capital
Est. dry powder
$1.8B
Raised, not yet invested
AUM
—
Not reported
Latest fund
$193M
Zoo Capital Fund II
Est. cheque size
$1.6M–
From fund sizes
Deals, last 12 months
17
Last seen investing Sep 2026
About Boyu Capital
Boyu Capital is a China-based private equity firm and hedge fund manager, established in 2011. The firm invests in a wide variety of industries, including consumer, healthcare, financial services, media, and technology sectors. Its hedge fund arm focuses on investments in China that aim to deliver long-term risk-adjusted returns for investors through a systematic and tailor-made investment approach, achieving superior risk-adjusted returns through disciplined investment selection and operational improvements.
- Type
- Fund Manager
- Headquarters
- Hong Kong, Hong Kong SAR - China
- Stages
- AngelSeedSeries ASeries BSeries CSeries DSeries ESeries F+3
- Est. cheque size
- $1.6M–$44M
- Sectors
- Information Technology, Diversified, Consumer Discretionary, Healthcare
- Regions
- Asia
- Strategies
- Growth
Where they invest
From deals and portfolio companies on record
Most frequent rounds
- Series A36
- —19
- Pre-IPO16
- Series B14
- Series C11
Across 156 deals
Portfolio sectors
- Biotechnology17
- Software12
- Consumer Products7
- Pharmaceuticals7
- Medical Devices & Equipment6
Across 132 companies
Portfolio countries
- China80
- US11
- Hong Kong SAR - China4
- Singapore3
- Indonesia1
Across 132 companies
Recent investments
Newest 5 of 156
- Unspecified Round$290M
Anew Labs
Sep 2026 · Unspecified Round
- Series A$7.4M
Lanestar
Aug 2026 · Series A
- Angel—
BlueStar Fusion
Aug 2026 · Angel
- Pre-IPO$3.2B
Zhongji InnoLight
Jul 2026 · Pre-IPO
- Seed—
Endless Ark
Jul 2026 · Seed
Offices
5 locations
- Hong Kong, Hong Kong SAR - ChinaHQ
- Shanghai, Shanghai, China
- Beijing, Beijing, China
- Singapore, Singapore
- Grand Cayman, Cayman Islands
Questions about Boyu Capital
How much does Boyu Capital invest per deal?
Based on the size of its funds, Boyu Capital writes estimated cheques of $1.6M–$44M. Lead cheques usually sit at the top of that range and follow-on cheques lower.
What stages does Boyu Capital invest in?
Boyu Capital has invested at Angel, Seed, Series A, Series B, Series C and Series D. Its most frequent rounds on record are Series A, — and Pre-IPO.
How much capital does Boyu Capital have left to invest?
Boyu Capital has an estimated $1.8B in dry powder: capital it has raised but not yet invested.