# Hillhouse Family Office

Hillhouse Family Office is a Multi Family Office based in Hong Kong, Hong Kong.

## Overview

- **Organization type:** Multi Family Office
- **Headquarters:** Hong Kong, Hong Kong
- **Region:** Asia
- **Address:** Hong Kong, Hong Kong
- **Founded:** 2005
- **Assets under management:** Undisclosed
- **Website:** hillhouseinvestment.com
- **LinkedIn:** https://www.linkedin.com/company/hillhouse-investment

## Regulatory record

- **Reports private funds:** No

## About

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.

## Sectors

- Healthcare Services
- Industrial Tech

## People

- Zhang Lei — Founder
- Tracy Ma — Business Partner

## 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.

## Related profiles

- [Hillcrest Holdings](https://altss.com/profile/hillcrest-holdings-smith-family-office)
- [HMP Family](https://altss.com/profile/hmp-family)

---

Last updated: 2026-08-10T15:54:10.904Z

Canonical page: https://altss.com/profile/hillhouse-family-office

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology