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ClearVue Partners
ClearVue Partners is a China-focused growth equity firm co-founded by Peter Fang and David Chen, managing an estimated $10B–$20B.
ClearVue Partners
ClearVue Partners was founded in 2012 by Peter Fang and David Chen, former partners at Goldman Sachs and Morgan Stanley respectively. The firm began as a single-family office for the Chen family and evolved into a multi-family office structure, raising outside capital from institutional investors while maintaining a core family base. Its founding coincides with the rise of China's consumer economy, which remains a central investment theme. The firm targets growth-stage private companies, typically writing checks of $20 million to $100 million. Its portfolio includes stakes in e-commerce platform Meituan, logistics firm ZTO Express, and fintech company Lufax (per public filings). Geographic focus is primarily China, with selective exposure to Southeast Asia. Sectors span consumer discretionary, enterprise software, healthcare services, and what the firm terms "new retail" — omnichannel consumer brands enabled by technology. ClearVue operates from Shanghai with offices in Hong Kong and Tokyo and employs roughly 50 investment professionals. The firm has no publicly stated total AUM; industry sources estimate it at over $10 billion. In 2023, the firm closed its fifth fund at an undisclosed amount (per press reports). It also maintains separate co-investment vehicles for family capital and strategic accounts. A structural differentiator is ClearVue's sourcing model: the firm leverages not just financial diligence but operational relationships with portfolio companies. It runs a proprietary data analytics unit that tracks consumer spending patterns across its portfolio, which it uses to inform investment decisions. This gives it a hybrid character — part private equity, part data-driven operating partner — that sets it apart from pure financial sponsors in the China growth market.
General information
Firm type
Private Equity
Year founded
2012
AUM
$10B–$20B (Altss estimate)
Location
Region
Asia
Country
China
City
Shanghai
Corporate office
Shanghai, China
Additional offices
Hong Kong · Tokyo
Principals
Peter Fang
Managing Partner
David Chen
Managing Partner
Sector focus
Frequently asked questions
Who runs investment decisions at ClearVue Partners?
Investment decisions are led by co-founders Peter Fang and David Chen, both former Goldman Sachs and Morgan Stanley partners. The firm uses a committee-based structure with both managing partners sharing final authority, though sector leads drive individual deal origination and diligence.
How does ClearVue Partners source proprietary deal flow?
The firm maintains an in-house data analytics unit that tracks consumer spending patterns across its portfolio companies. This gives it an informational edge in identifying consumption trends before broader market awareness, and it often leads to proprietary deal flow from companies it has tracked for years.
Does ClearVue Partners participate in fund commitments or only direct deals?
ClearVue primarily makes direct growth-equity investments in private companies. It also operates co-investment vehicles for family capital and strategic accounts, allowing LPs to invest alongside the main fund. It does not run a fund-of-funds model.
What investment stages does ClearVue typically target?
The firm targets later-stage growth companies, typically writing checks from $20 million to $100 million. It avoids seed-stage and early venture, focusing instead on businesses with proven revenue models and clear paths to profitability or IPO.
Which sectors does ClearVue Partners explicitly avoid?
The firm does not invest in real estate, commodities, or infrastructure. It also avoids early-stage biotech and pure exploration-stage natural resources. Its stated focus is on technology-enabled consumer and enterprise businesses.
Where does the underlying wealth come from in ClearVue?
The firm originated from the family wealth of co-founder David Chen, whose family made its fortune in manufacturing and real estate during China's economic reform period. The Chen family remains the largest single LP in the firm's funds, alongside institutional investors. The firm has never disclosed precise figures.
What is ClearVue's known posture on co-investments alongside external GPs?
ClearVue generally leads and structures its own direct investments rather than co-investing passively alongside external GPs. When it does participate in syndicated deals, it typically takes a board seat and is involved in operational strategy. It prefers to be the lead or a significant minority investor.
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.
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