Updated:
BRC Hejun Industry
Yang Keng's family office BRC Hejun Industry pivoted from Sichuan real estate into venture investing, anchored by the 2021 sale of Languang Justbon Services.
BRC Hejun Industry
BRC Hejun Industry is a corporate investor based in Chengdu, China. It manages $14.8 billion in assets across one fund. Its regional focus is Asia.
General information
Firm type
Single Family Office
Year founded
—
AUM
Undisclosed
Location
Region
Asia
Country
China
City
Chengdu
Corporate office
Chengdu, China
Principals
Yang Keng
Founder and controlling shareholder of Languang Group
Yang Wuheng
Family member, involved in management of Languang Development
Sector focus
Frequently asked questions
Who controls investment decisions at BRC Hejun Industry?
Yang Keng, the founder of Languang Group, is the controlling shareholder and ultimate decision-maker for the family office. His son, Yang Wuheng, plays a role in the management of Languang Development, but the full scope of his involvement in BRC Hejun Industry's venture allocations is not publicly detailed.
How did the Languang Group default affect BRC Hejun Industry?
The 2021 bond default by Languang Group forced asset sales, most notably the divestiture of Languang Justbon Services to Country Garden Services Holdings. This transaction, executed through the BRC Hejun network, converted a cash-generating services asset into liquidity for the family office, reshaping its balance sheet from an operating-services focus toward liquid venture allocations.
What investment stages does BRC Hejun Industry target?
The firm operates as a generalist venture investor, targeting early-stage seed, start-up, and expansion-stage opportunities. Its strategy spans the full venture lifecycle rather than concentrating on a single stage, though deployment volume and check size are not publicly disclosed.
Does BRC Hejun Industry function as a traditional family office?
Structurally, it operates as the private investment arm of the Yang family, separate from the defaulted Languang Group listed entity. Unlike many Asian single-family offices that run as lean allocators, BRC Hejun's posture is closer to a distressed-opportunity vehicle, recycling proceeds from one-off asset sales into direct venture bets.
What is the family's philanthropic footprint?
The Yang family established the Languang Charity Foundation, which extends their domestic profile beyond real estate and venture capital. Details on the foundation's grant-making or endowment size remain unpublicized.
Is BRC Hejun Industry actively deploying new capital?
Given the absence of a public website, fund announcements, or regulatory filings post the 2021 bond default, active deployment is unconfirmed. The entity exists as a legal vehicle through which remaining family assets can be directed into venture, but there is no verifiable evidence of recent new deal activity.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
Need institutional-grade insight on family offices?
Altss delivers:
Prefer a guided tour?
We’ll walk you through: