# Industrial Capital Management

Industrial Capital Management is an Asset Manager based in Shenzhen, China.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Shenzhen, China
- **Region:** Asia
- **Address:** Shenzhen, China
- **Assets under management:** Undisclosed

## Regulatory record

- **Reports private funds:** No

## About

Industrial Capital Management is a private equity firm based in Fuzhou, China. It focuses on venture capital investments.

## Sectors

- Industrial Tech
- Real Estate
- Energy Transition & Renewables
- Mobility & Transportation
- Private Credit

## Offices

- Beijing
- Shanghai
- Guangzhou
- Hangzhou
- Fuzhou
- Xiamen
- Wuhan

## Questions

### Why does the firm maintain nine offices across mainland China?

The office network directly supports a sector strategy that depends on physical, on-site underwriting of industrial assets. A team in Wuhan underwriting an automotive parts factory, for instance, gains little from a centralized analyst pool in Shenzhen. The distributed footprint also aligns with China's fragmented regional industrial policy landscape, where deal access often requires relationships with local government partners, state-owned enterprise managers, and provincial development bureaus.

## Related profiles

- [Zhaocai Gongying Fund](https://altss.com/profile/zhaocai-gongying-fund)

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Last updated: 2026-06-03T20:00:00.000Z

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