Hangzhou Lupu Investment Management

Hangzhou Lupu Investment Management operates solely as a fund-of-funds, meaning it commits capital to external private equity and venture capital funds rather than investing directly into operating companies. This structure layers an additional management fee and carried interest above the underlying fund managers, a cost accepted in exchange for diversified access and professional fund selection.

Lupu falls under the regulatory purview of the Asset Management Association of China, the self-regulatory body for private funds. Public disclosures for Chinese private fund managers are far less granular than SEC registrations in the United States, which accounts for the absence of detailed AUM, track record, or portfolio information.