Multi-Family Office

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Hillhouse Family Office

Hillhouse Family Office was established in 2005 by Zhang Lei. The firm manages capital generated from his founding of Hillhouse Capital and its early...

Hillhouse Family Office logo

Hillhouse Family Office

Hillhouse Family Office was established in 2005 by Zhang Lei. The firm manages capital generated from his founding of Hillhouse Capital and its early investment in Tencent. The office deploys across public equities, private equity, hedge funds, real estate, and direct co-investments. Confirmed holdings include positions in Global Logistic Properties and Samty Holdings. It maintains exposure in Asia, Europe, North America, and Oceania. The strategy favors early, growth, and late-stage opportunities alongside fund commitments. The team exceeds 50 investment professionals. Additional vehicles include the Hillhouse Real Asset Opportunities Fund and the Hillhouse Foundation. No operational events from the last 24 months appear in available records. The structure separates the family office from Hillhouse Capital while retaining shared research methods and alignment with Zhang Lei's original mandate.

General information

Firm type

Multi Family Office

Year founded

2005

Location

Region

Asia

Country

Hong Kong

City

Hong Kong

Corporate office

Hong Kong, Hong Kong

Principals

Zhang Lei

Founder

Tracy Ma

Business Partner

Sector focus

Healthcare ServicesIndustrial Tech

Frequently asked questions

Who runs investment decisions at Hillhouse Family Office?

Zhang Lei serves as founder. Tracy Ma acts as business partner and key operational lead.

How does Hillhouse Family Office source proprietary deal flow?

The office draws on research developed at Hillhouse Capital and relationships with management teams in target sectors.

Is Hillhouse Family Office structured as a single family office or does it operate more like a venture firm?

It functions as a multi-family office that also accepts co-investors alongside its core capital.

Does Hillhouse Family Office participate in fund commitments or only direct deals?

It uses both fund commitments and direct co-investments or SPVs.

Where does the underlying wealth come from?

The capital originates from Zhang Lei's founding of Hillhouse Capital and its early investment in Tencent.

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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