# Gaocheng Capital

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

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Beijing, China
- **Region:** Asia
- **Address:** Beijing, China
- **Founded:** 2016
- **Assets under management:** Undisclosed
- **Website:** www.gaochengcapital.com
- **LinkedIn:** https://www.linkedin.com/company/gaocheng-capital

## About

Gaocheng Capital focuses on software and technology investments in Asia. It provides long-term growth capital and strategic support to entrepreneurs. The firm partners with global institutional investors including sovereign wealth funds, endowments, foundations, pension funds, and insurance companies.

## Sectors

- Enterprise Software
- Industrial Tech
- AI/ML

## People

- Zhang Lei — Founder and CEO

## Questions

### Who runs investment decisions at Gaocheng Capital?

Zhang Lei, the founder and CEO, controls the investment committee. He built the firm after leading Hillhouse Capital's Asia private equity practice, and Gaocheng's decision-making architecture consolidates authority in his office rather than distributing it across sector heads.

### Does Gaocheng Capital invest outside of China?

Gaocheng's investment remit is concentrated on Greater China, though portfolio companies frequently serve global supply chains. There is no public record of the firm making direct investments in companies headquartered outside China.

### How does Gaocheng Capital source its deals?

The firm relies on Zhang Lei's extensive domestic network from his Hillhouse years and its reputation for operational value-creation rather than passive capital. Gaocheng does not publicize a proprietary sourcing channel or co-investor club structure.

## Related profiles

- [Ganzhou Development Investment Fund Management](https://altss.com/profile/ganzhou-development-investment-fund-management)
- [Gaon Holdings](https://altss.com/profile/gaon-holdings)

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Last updated: 2026-07-11T16:24:07.000Z

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