# Friend Capital

Friend Capital is a Private Equity based in Beijing, China.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Beijing, China
- **Region:** Asia
- **Address:** Beijing, China
- **Founded:** 2015
- **Assets under management:** Undisclosed
- **Website:** www.friendcap.cn

## Regulatory record

- **Reports private funds:** No

## About

Friend Capital is a private equity firm based in China that invests in telecommunications, high-end equipment, new energy, new materials, biopharmaceuticals, and other fields. The firm has made 8 investments, including a Series B - II investment in Tingyu Technology on February 07, 2025. Friend Capital has 4 portfolio exits, including HYDSOFT on October 13, 2022.

## Sectors

- Enterprise Software
- AI/ML
- Digital Health

## Questions

### What investment stages does Friend Capital target?

Friend Capital invests across multiple stages, from seed and early-stage startups through growth equity and pre-IPO rounds. The firm maintains a lifecycle approach, writing initial checks early and reserving capital for follow-on investments as companies scale. This full-spectrum commitment is typical of domestic Chinese venture firms that prioritize concentrated portfolio construction over spray-and-pray seed strategies.

### Who runs investment decisions at Friend Capital?

Friend Capital has not publicly disclosed its leadership team or investment committee structure. No named principals appear in available public records. This opacity is not unusual for smaller, domestically focused Chinese venture firms that do not actively market to international limited partners or maintain a public-facing institutional brand.

## Related profiles

- [Friedrich & Wagner Holding](https://altss.com/profile/friedrich-wagner-holding)
- [Friendly Trading Group 2](https://altss.com/profile/friendly-trading-group-2)

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

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