# H&D Asset Management

H&D Asset Management is a Private Equity based in Taipei, Taiwan.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Taipei, Taiwan
- **Region:** Asia
- **Address:** Taipei, Taiwan
- **Founded:** 1994
- **Assets under management:** Undisclosed
- **Website:** www.hndasset.com
- **LinkedIn:** linkedin.com/company/h&d-holdings-limited

## Regulatory record

- **Reports private funds:** No

## About

H&D Asset Management is a Taiwan-based private equity firm investing across the early-stage venture lifecycle. The firm targets seed, startup, and growth-stage opportunities, extending its mandate to pre-IPO rounds when portfolio companies reach that inflection point. While specific founding details and named principals remain undisclosed in public records, H&D's operational footprint reflects the concentrated nature of Taiwan's venture and private equity market. The firm's strategy spans early-stage venture through to pre-IPO, with a sector focus on enterprise software, artificial intelligence and machine learning, digital health, fintech, and mobility and transportation. H&D makes direct equity investments, typically entering at seed or Series A and maintaining capacity for follow-on capital into growth rounds. H&D's scale remains undisclosed, including headcount, total deployment, and assets under management. The firm maintains its primary office in Taipei. No affiliated foundations, co-investment clubs, or adjacent philanthropic vehicles have been publicly linked to H&D. This opacity is common among smaller Asian private equity firms that operate without institutional LP reporting obligations. H&D's structural posture as a manager covering the full venture lifecycle—from seed to pre-IPO—distinguishes it from seed-only funds or later-stage growth shops. This continuity of capital allows portfolio companies to avoid resetting investor relationships at each funding round, a meaningful advantage in a market where long-term local institutional venture capital remains developing.

## Sectors

- Artificial Intelligence
- Cloud Computing
- Smart Manufacturing
- Biotech & Healthcare
- Cybersecurity
- Web3

## People

- Grace Chen — Co-Founder
- Bobby Chu — Partner
- Powei Chu — Partner
- Cheng-Wei Chu — Partner
- Samuel Cheng — High Tech

## Questions

### Who runs investment decisions at H&D Asset Management?

Co-founder Grace Chen leads the firm alongside partners Bobby Chu, Powei Chu, and Cheng-Wei Chu. The investment team includes high-tech focused Samuel Cheng, biomedical vice presidents Serena Hsu and PH Hsieh, and stock trading executive John Yang, among others (per firm website).

### What sectors does H&D Asset Management target?

The firm focuses on AI and cloud computing, smart manufacturing, biotech and healthcare, cybersecurity, and Web3. Confirmed portfolio companies include BlossomHill Therapeutics (oncology/autoimmune), ClearMind (minimally invasive neurosurgery), and Renxin Pharmaceuticals (Stargardt disease) (per firm website).

### Does H&D Asset Management participate in fund commitments or only direct deals?

H&D operates primarily as a Limited Partner in venture capital funds, committing capital to early-stage and pre-IPO ventures. It also makes direct investments in public securities including equities, futures, and bonds — a dual structure disclosed on its website.

### What is H&D Asset Management's geographic footprint for investments?

H&D invests across Asia and globally, including Taiwan, mainland China, the United States, Singapore, Hong Kong, Europe, and India. Its portfolio includes a San Diego-based biotech firm and a company acquired by financial technology firm Circle (per firm website).

### How is H&D Asset Management related to any larger corporate structure?

The firm does not publicly disclose a parent company or affiliation with a larger group. It describes itself as a legally registered investment firm in Taipei with roots in traditional industry and a select group of individual shareholders (per firm website).

## Related profiles

- [HCX Ventures](https://altss.com/profile/hcx-ventures)
- [HDPartners](https://altss.com/profile/hdpartners)

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Last updated: 2026-08-11T02:43:31.692Z

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