# A Capital Group

A Capital Group is a Private Equity based in Beijing, China.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Beijing, China
- **Region:** Asia
- **Address:** Beijing, China
- **Founded:** 2011
- **Assets under management:** Undisclosed
- **Website:** https://acapitalgroup.com
- **LinkedIn:** https://www.linkedin.com/company/a-capital-group

## About

A Capital Group focuses on investments in new energy, energy conservation, environmental protection, and other emerging industries. The firm has made three investments to date. Its most recent investment was in Together AI, a Seed VC investment made on May 15, 2023.

## Questions

### How is A Capital Group structured across different fund vehicles?

A Capital operates parallel onshore RMB and offshore USD fund structures, which is a deliberate architecture for navigating China's regulatory environment. This dual-currency model lets the firm back portfolio companies regardless of whether they pursue domestic A-share listings, Hong Kong IPOs, or US equity-market exits at different points in the policy cycle.

### What investment stages does A Capital Group target?

The firm invests from seed stage through growth equity and into PIPE transactions, an unusually wide mandate for a China-based private equity manager. Most peer firms specialize in either venture or growth; A Capital's stage-agnostic approach means it can follow portfolio companies from founding to post-IPO placements.

### Does A Capital Group focus exclusively on China?

The firm's primary focus is Greater China, where it sources the majority of its deals. It also pursues selective cross-border investments in technology companies with significant Asia-Pacific supply-chain links or customer bases, though the center of gravity remains domestic Chinese markets.

### Has A Capital Group publicly disclosed its assets under management?

No. A Capital Group has not published a formal AUM figure through its own website, regulatory filings, or international media. The firm's total committed capital and current portfolio value remain undisclosed.

## Related profiles

- [A&T Capital](https://altss.com/profile/aandt-capital)

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Last updated: 2026-06-03T20:00:00.000Z

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