# Balsam Bay Partners

Balsam Bay Partners is an Asset Manager based in New York, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** New York, United States
- **Region:** North America
- **Address:** New York, NY, United States
- **Assets under management:** Undisclosed
- **Website:** http://balsambay.com
- **LinkedIn:** https://www.linkedin.com/company/balsam-bay-partners

## Regulatory record

- **Reports private funds:** No

## About

Balsam Bay Partners is an investment firm focused on equity investments in high quality, growth businesses. Balsam Bay seeks to partner with world-class management teams, where a collaborative relationship, sector expertise, and long-term investment mindset help our portfolio companies to thrive and compound long-term value. For more information, go to www.balsambay.com.

## People

- Eric Wang — Managing Partner
- Jerald Xu — Managing Partner

## Questions

### Who runs investment decisions at Balsam Bay Partners?

Managing Partners Eric Wang and Jerald Xu lead the firm. Wang previously invested at Warburg Pincus and earned his MBA from Harvard Business School. The firm operates with a lean, partnership-driven decision-making structure.

### Does Balsam Bay Partners operate as a venture capital fund?

Balsam Bay Partners deploys capital through direct venture-stage investments rather than a traditional blind-pool fund structure. Its known deal activity involves co-leading growth equity rounds and assembling syndicates of venture and institutional co-investors.

### What is Balsam Bay Partners' most notable investment?

In March 2022, the firm co-led a $50 million Series B round for Yami, an Asian-American e-commerce platform. The syndicate included Altos Ventures, GGV Capital, and J.P. Morgan Asset Management. Yami Founder and CEO Alex Zhou maintains an active relationship with the firm.

### Does Balsam Bay Partners participate in fund commitments or only direct deals?

Known activity shows Balsam Bay making direct equity investments into companies. Whether the firm also makes limited partner commitments to external venture funds is not publicly disclosed.

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- [Bakken & Bæck](https://altss.com/profile/bakken-and-baeck)
- [Bamboo Investment](https://altss.com/profile/bamboo-investment)

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Updated: 2026-06-03T20:00:00.000Z

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