Multi-Family Office

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Helen & Special Partners

Helen & Special Partners was established by Bing Shi and Zhu Li. The founders built the firm to serve multiple families through coordinated investment...

Helen & Special Partners logo

Helen & Special Partners

Helen & Special Partners was established by Bing Shi and Zhu Li. The founders built the firm to serve multiple families through coordinated investment management and advisory services. No public disclosure identifies the originating family wealth. The firm allocates across private equity, real estate, hedge funds, private credit and digital assets. Investment stages span angel through growth equity and private equity. Confirmed holdings include the mixed-use project High Mountain and Flowing Water in Shaanxi, the residential development Changan Yipin in Shaanxi, and the commercial asset Central International spanning four Chinese provinces. Geographic reach covers Asia, North America, Europe, the Middle East and Africa. Team size and total deployment figures beyond the $1.5 billion AUM estimate remain undisclosed. Additional offices are not listed. The firm maintains relationships with Shanshan Group for asset management and counts Ada Huang as a partner affiliated with the Asian American Insurance & Financial Professional Association and the Million Dollar Round Table. The multi-family office structure allows shared professional resources across client families while maintaining separate mandates. This setup differs from single-family offices by operating explicit external client relationships and from typical asset managers by retaining direct control over real assets and collectibles.

General information

Firm type

Multi Family Office

Year founded

AUM

1500 (Altss estimate)

Location

Region

Asia

Country

China

City

Shanghai

Corporate office

Shanghai, China

Principals

Bing Shi

Founder

Zhu Li

Founder

Tony Su

Business Partner

Sector focus

FinTechHealthcare ServicesPropTechClimateTechReal EstatePrivate Equity

Frequently asked questions

Who runs investment decisions at Helen & Special Partners?

Bing Shi and Zhu Li serve as founders and partners. Tony Su acts as tax-focused business partner. Decision authority rests with the named partners.

Does Helen & Special Partners participate in fund commitments or only direct deals?

The firm uses both fund-of-funds commitments and direct co-investments or SPVs. Real estate holdings and the private aircraft portfolio reflect direct ownership.

What investment stages does Helen & Special Partners typically target?

The firm covers angel, seed, early stage, growth and private equity. Stage selection aligns with each family's mandate.

Where does the underlying wealth come from?

No public source discloses the specific family or operating company origins of client capital.

How is Helen & Special Partners related to Shanshan Group?

Shanshan Venture serves as a strategic partner for asset management activities.

Profile maintained by using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.

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