# BlueTop Group (Cheng Family Office)

BlueTop Group (Cheng Family Office) is a Single Family Office based in Hong Kong, Hong Kong.

## Overview

- **Organization type:** Single Family Office
- **Headquarters:** Hong Kong, Hong Kong
- **Region:** Asia
- **Address:** Hong Kong, Hong Kong
- **Founded:** 1999
- **Assets under management:** Undisclosed
- **Website:** www.bluetop.org
- **LinkedIn:** https://hk.linkedin.com/company/bluetop

## Regulatory record

- **Reports private funds:** No

## About

BlueTop Group traces its roots to 1999 as the dedicated vehicle for the Cheng family, whose industrial holdings originated with Chiaphua Group in the 1920s. Chung Fan Cheng leads investment activity while Jennifer Cheng oversees the separate Cheng Family Foundation. The office deploys across private equity funds, direct co-investments via SPVs, private credit, and real estate holdings. Confirmed focuses include early-stage and growth equity in FinTech, EdTech, Digital Health, and Data Analytics. Geographic reach spans Asia, Europe, and North America. No specific portfolio company names or commitment sizes appear in available records. Team size remains undisclosed beyond the description of a lean operation. The firm lists one primary Hong Kong office at K11 ATELIER, Victoria Dockside. Adjacent vehicles include the Cheng Family Foundation and the K11 Art Foundation. No operational events from the last 24 months are recorded. BlueTop Group functions as a wholly-owned subsidiary of Chiaphua Group of Companies, creating a direct governance link between the family's operating businesses and its investment activities rather than an independent multi-family platform.

## Sectors

- FinTech
- Digital Health
- EdTech
- Data Analytics

## People

- Chung Fan Cheng — Chief Investment Officer
- Jennifer Cheng — President of the Cheng Family Foundation
- Adrian Cheng Chi-kong — Key Principal

## Questions

### Who runs investment decisions at BlueTop Group?

Chung Fan Cheng serves as Chief Investment Officer. He also holds board seats at Tsui Wah Holdings Limited and Genesis Unicorn Acquisition Corp.

### How is BlueTop Group related to Chiaphua Group?

BlueTop Group operates as a wholly-owned subsidiary of Chiaphua Group of Companies, the industrial manufacturing parent.

### What investment stages does BlueTop Group target?

The office focuses on early-stage seed and start-up rounds as well as growth equity.

### Does BlueTop Group participate in fund commitments or only direct deals?

It allocates to private equity funds, direct co-investments through SPVs, and private credit.

### Does BlueTop Group maintain philanthropic structures?

Yes. Jennifer Cheng serves as President of the separate Cheng Family Foundation, which supports education and arts initiatives.

### What sectors does BlueTop Group explicitly target?

Confirmed sector focuses include FinTech, Digital Health, EdTech, and Data Analytics.

## Related profiles

- [Bluesky Equities](https://altss.com/profile/bluesky-equities-hunter-family-office)
- [Bohemian Foundation](https://altss.com/profile/bohemian-foundation)

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Updated: 2026-08-10T15:54:10.904Z

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