# Fung Group

Fung Group is a Single Family Office based in Hong Kong, Hong Kong.

## Overview

- **Organization type:** Single Family Office
- **Headquarters:** Hong Kong, Hong Kong
- **Region:** Asia
- **Address:** Hong Kong, Hong Kong
- **Founded:** 1906
- **Assets under management:** Undisclosed
- **Website:** funggroup.com
- **LinkedIn:** https://www.linkedin.com/company/fung-group

## Regulatory record

- **Reports private funds:** No

## About

Fung Holdings (1937) Limited serves as the privately held parent for the Fung Group of companies. Victor and William Fung established the structure that controls majority ownership through Fung Holdings. The office allocates across private equity, venture growth, real estate and operating businesses. Confirmed positions include joint ventures with Investcorp on the $500 million Asia Food Brands Platform launched in 2019 and a GBA-focused fund in 2022. Additional co-investments involve China Resources and the International Finance Corporation in idsMED. The geographic footprint covers Asia, North America and Europe. Investment stages include buyout, growth, early stage and seed. No public headcount or AUM figures exist. Adjacent vehicles include Fung Property and commercial holdings such as LiFung Tower in Kowloon. Victor Fung holds board and advisory roles at the Hong Kong Monetary Authority, Tsinghua SEM and the Asia Global Institute. No operational events from the last 24 months appear in available records. The family maintains direct control through Fung Holdings (1937) Limited rather than external managers. This structure allows coordinated oversight of both the listed Li & Fung operations and private investments without intermediary fund vehicles.

## Sectors

- Supply Chain & Logistics
- Luxury
- FinTech
- Healthcare Services
- PropTech
- Digital Health
- AgriTech & FoodTech
- Data Analytics
- Mobility & Transportation

## People

- Victor Fung — Group Chairman
- William Fung — Group Deputy Chairman
- Spencer Fung — Executive Chairman of Li & Fung
- Belinda Fung — Managing Director of Fung Property

## Questions

### Who runs investment decisions at Fung Group?

Victor Fung serves as Group Chairman and William Fung as Group Deputy Chairman. Spencer Fung holds the role of Executive Chairman at Li & Fung. Investment platforms are executed through Fung Investments alongside these principals.

### How does Fung Group source proprietary deal flow?

Deal flow originates from long-standing joint-venture relationships with Investcorp, China Resources and the International Finance Corporation. The family also draws on operating-company networks in supply chain and retail.

### Does Fung Group participate in fund commitments or only direct deals?

The office executes direct co-investments and SPVs. It also maintains fund-of-funds exposure and secondaries alongside its primary direct activity.

### What investment stages does Fung Group typically target?

The office covers buyout, growth, early stage and seed opportunities. Stage selection aligns with the specific platform or co-investor involved.

### Does Fung Group maintain philanthropic structures?

Yes. Separate vehicles include the Victor and William Fung Foundation, the 2022 Foundation and the Fung Hon Chu Foundation. These entities operate independently from the investment office.

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

The office routinely co-invests with partners such as Investcorp and the International Finance Corporation. Examples include the 2019 Asia Food Brands Platform and the idsMED transaction.

## Related profiles

- [Full Vision Capital](https://altss.com/profile/full-vision-capital)
- [Furuholmen Invest](https://altss.com/profile/furuholmen-invest)

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Last updated: 2026-08-10T15:58:45.833Z

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