Hebei Houde Investment

Zhang Zhuang and Yuan Yi jointly control the firm, each holding 40% equity. Zhang is identified as the actual controller and founder, while Yuan serves as a business partner with identical shareholding. Legal representative Yang Fei holds 10%, and Zhang Yikun holds the remaining 10%.

The firm's filings describe a growth-stage strategy with a generalist mandate, meaning it is not restricted to a single sector or asset class. Without a public portfolio or detailed disclosures, the precise allocation mix is not verifiable — a common profile among private Chinese investment companies operating outside the venture capital regulatory framework.

The ownership structure — four named shareholders with concentrated stakes — points to partner-managed proprietary capital rather than a fund management model with external limited partners. No public record of regulated fund raising or institutional LP relationships has been identified.