# Histtone Capital

Histtone Capital is a Private Equity based in Shanghai, China.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Shanghai, China
- **Region:** Asia
- **Address:** Shanghai, China
- **Assets under management:** Undisclosed
- **Website:** www.histtone.com
- **LinkedIn:** linkedin.com/company/上海汇石投资管理有限公司

## Regulatory record

- **Reports private funds:** No

## About

Histtone Capital is a China-based private equity firm that invests in high-growth private companies. It has made 12 investments, including a Seed VC in Fuxinli on July 20, 2024. The firm has facilitated 6 portfolio exits, with Kuanghui Network exiting on January 27, 2025.

## Questions

### What investment stages does Histtone Capital target?

Histtone Capital's stated strategy covers early-stage rounds including seed and startup financing, expansion and late-stage growth equity, and PIPE transactions in publicly listed companies. This full lifecycle approach means the firm can deploy capital into a company at formation and continue supporting it through to and after an initial public offering.

### Is Histtone Capital's AUM publicly disclosed?

No. Histtone Capital does not publicly report assets under management. Many China-based private equity firms raise capital primarily from domestic limited partners and do not routinely publish fund-level metrics, making independent verification difficult.

### Who runs investment decisions at Histtone Capital?

Histtone Capital has not publicly identified its investment committee members or senior principals through its website or major public disclosures. The firm's investment leadership remains opaque to external observers, which is not uncommon among smaller Chinese private equity platforms.

### How does Histtone Capital's PIPE capability affect its investment approach?

Participating in PIPE deals allows Histtone Capital to invest in publicly listed companies at a discount to market price, providing a faster path to liquidity compared to early-stage venture. This capability also gives the firm a mechanism to maintain exposure to companies that list during the fund's lifecycle, creating a continuum from private to public-market investing.

### What is Histtone Capital's geographic focus?

The firm is headquartered in Shanghai and its investment mandate centers on China's domestic market. There is no public indication that Histtone pursues cross-border investments or maintains offices outside mainland China.

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- [Hisstory Venture Investment](https://altss.com/profile/hisstory-venture-investment)
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Last updated: 2026-06-03T20:00:00.000Z

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