# IPV Capital

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

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Shanghai, China
- **Region:** Asia
- **Address:** Shanghai, China
- **Founded:** 2021
- **Assets under management:** Undisclosed
- **Website:** www.ipvcap.com
- **LinkedIn:** https://www.linkedin.com/company/ipv-capital

## Regulatory record

- **Reports private funds:** No

## About

IPV Capital Partners is a venture investment firm focused on early-stage core technology sectors, particularly semiconductors. It describes itself as lead investor in over 50% of the most valuable startup semiconductor design IPOs globally over the last decade. Infotech Pacific Ventures, later known as IPV, was founded in 2005; IPV Capital Partners was formed as an independent firm in 2022.

## Sectors

- semiconductors / semiconductor design

## People

- F. Roger Li — co-founder of IPV Capital
- Tingru Liu — co-founder
- Alex Banh — Partner
- David Britts
- Terence Tan — Managing Partner on IPV Capital I & II
- Kuan Wei Mok — CFO
- Tom F. Clausen — Venture Partner in Europe
- Wesley Fu — advisor to IPV
- Winnie Huang
- Ning Zhou
- Tiemin Zhao — team member

## Questions

### What investment stages does IPV Capital target?

IPV Capital invests across the full corporate lifecycle, from seed-stage and start-up venture rounds through growth equity, late-stage expansion, and buyout transactions. The firm also engages in public-to-private deals, corporate divestitures, and spin-off situations. This multi-stage approach is atypical among Chinese private equity firms, most of which concentrate on a narrower segment of the market.

### Does IPV Capital make fund commitments or only direct investments?

IPV Capital pursues both direct investments and fund-of-funds commitments. The firm's direct activity spans venture, growth, and buyout transactions, while its fund-of-funds allocations provide exposure to other managers in China's private markets. The balance between direct and fund commitments is not publicly disclosed.

### Where does IPV Capital primarily invest geographically?

IPV Capital is headquartered in Shanghai and its investment activity centers on mainland China. Public records do not indicate a presence in other Asian markets or international geographies. The firm's focus on China reflects the domestic nature of its deal flow across venture, growth, and buyout strategies.

### How is IPV Capital structured as an investment firm?

IPV Capital operates as a private equity asset manager with an unusually broad mandate. Rather than specializing in a single stage or sector, the firm maintains capabilities in early-stage venture, growth equity, buyouts, public-to-private transactions, and fund-of-funds allocations. This hybrid structure distinguishes it from the majority of Chinese private equity firms that concentrate on either venture or buyout strategies exclusively.

### What is IPV Capital's known track record or portfolio?

IPV Capital maintains a low public profile and does not disclose detailed portfolio holdings, realized returns, or transaction history through its website or public filings. The firm's specific investment track record and current portfolio companies are not verifiable from public record as of mid-2026.

## Related profiles

- [IPS Ventures](https://altss.com/profile/ips-ventures)
- [IQ Capital](https://altss.com/profile/iq-capital)

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Last updated: 2026-08-11T15:07:05.535Z

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