# Chanestone Capital

Chanestone Capital is a Private Equity based in Shanghai, China.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Shanghai, China
- **Region:** Asia
- **Address:** Shanghai, China
- **Assets under management:** Undisclosed
- **Website:** chanestone-highrun.com

## Regulatory record

- **Reports private funds:** No

## About

Chanestone Capital is a private equity firm based in Shanghai, China. It focuses on venture capital investments. The firm has a team of nine employees.

## Questions

### What investment stages does Chanestone Capital target?

Chanestone targets seed, startup, and growth-stage venture rounds, PIPE transactions in public companies, and fund commitments to external private equity and venture capital managers. This multi-stage approach allows the firm to deploy capital across the full lifecycle of a company, from formation through pre-IPO and into the public markets.

### Does Chanestone invest directly in companies or only through funds?

Chanestone does both. The firm operates a direct investment program targeting early-stage and growth companies, and also maintains a fund-of-funds allocation program that commits capital to external venture and private equity managers. This hybrid structure is relatively uncommon among Chinese private equity firms.

### What is Chanestone's known posture on co-investments alongside external GPs?

There is no public disclosure specifying whether Chanestone exercises co-investment rights alongside its fund commitments. Given its dual direct-investment and fund-of-funds structure, the firm is positioned to pursue co-investment opportunities with the managers it backs as an LP, though no specific co-investment activity has been documented.

### How is Chanestone Capital structured relative to other Chinese private equity firms?

Chanestone operates as an asset manager with a private equity mandate, not as a family office or corporate venture arm. Its combination of direct venture and growth investing alongside a fund-of-funds program distinguishes it from pure direct investors and from dedicated fund-of-funds platforms, creating a hybrid model that captures both deal-level returns and manager-level diversification.

## Related profiles

- [CGII](https://altss.com/profile/cgii)
- [Chang'an Capital](https://altss.com/profile/changan-capital)

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Last updated: 2026-08-10T23:49:37.812Z

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