Asset ManagerRIA · CRD 166112Exempt Reporting AdviserPrivate Fund Adviser

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HHLR Advisors

HHLR Advisors is a investment advisor based in Singapore, founded 2005; the Altss profile covers its classification, headquarters, registration, AUM band, and...

HHLR Advisors

HHLR Advisors, Ltd. is an exempt reporting adviser in Singapore. It is based there.

General information

Firm type

Investment Advisor

Year founded

2005

Location

Region

Asia

Country

Hong Kong

City

Singapore

Corporate office

Hong Kong, Hong Kong

Principals

Lei Zhang

Founder and Chief Investment Officer

Sector focus

TechnologyHealthcareConsumerFinancials

Frequently asked questions

Who runs investment decisions at HHLR Advisors?

Lei Zhang serves as Founder and Chief Investment Officer, making all final portfolio decisions. Zhang previously co-founded Hillhouse Capital Group and built HHLR as a separate entity focused on public markets. He personally oversees the research team and positions the portfolio.

Is HHLR Advisors the same firm as Hillhouse Capital?

No. HHLR Advisors is a separate legal entity founded by Lei Zhang after he left Hillhouse Capital. While Zhang co-founded Hillhouse, HHLR operates independently with its own investment mandate focused on public equities and long-short strategies (per the firm's SEC filings). The two firms share no formal ownership or management overlap.

What investment stages does HHLR typically target?

HHLR focuses on public-market equities across growth and value stages. The firm participates in secondary offerings, PIPE transactions, and block trades in addition to open-market purchases. Portfolio holdings span from large-cap tech stocks to mid-cap healthcare companies.

Does HHLR disclose its holdings publicly?

Yes. HHLR files quarterly 13F reports with the SEC, disclosing its long equity positions for US-listed securities. These filings provide a partial view of the portfolio, though short positions remain undisclosed. The filings offer allocators transparency into the firm's sector and geographic tilts.

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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