# First Capital Fund

First Capital Fund is a Private Equity based in Hong Kong, Hong Kong.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Hong Kong, Hong Kong
- **Region:** Asia
- **Address:** Hong Kong, Hong Kong
- **Founded:** 2017
- **Assets under management:** Undisclosed
- **Website:** https://idventures.com/our-funds
- **LinkedIn:** https://www.linkedin.com/company/invest-detroit-ventures

## Regulatory record

- **Reports private funds:** No

## About

First Capital Fund is a private equity fund focused on education investments. It has made three investments, including a Series A investment in Puyuan Education on September 04, 2019. The fund has one portfolio exit, Ocuphire Pharma, which occurred on June 18, 2020.

## Sectors

- Private Equity

## Questions

### What investment strategies does First Capital Fund pursue?

First Capital Fund covers buyout, growth equity, early-stage seed, and restructuring. This multi-strategy approach allows the firm to invest across company lifecycles, from startup to distressed turnaround, primarily in Asia.

### What is known about First Capital Fund's leadership?

No named principals or investment professionals are publicly attributed to First Capital Fund. The firm's decision-making structure is not visible from available sources.

### Does First Capital Fund focus on a specific geographic region?

Yes. First Capital Fund is based in Hong Kong and its activities appear concentrated in Asia. No additional offices or regional teams are disclosed.

### What sectors does First Capital Fund target?

The firm is classified as a generalist private equity manager, with no specific sector exclusions or focus tags publicly listed. Deployed capital spans its multi-stage strategy.

## Related profiles

- [FIRHealth Capital](https://altss.com/profile/firhealth-capital)
- [First Eastern Investment](https://altss.com/profile/first-eastern-investment)

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Last updated: 2026-06-03T20:00:00.000Z

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