# Kenetic Capital

Kenetic Capital is a Private Equity based in Hong Kong, Hong Kong.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Hong Kong, Hong Kong
- **Region:** Asia
- **Address:** Hong Kong, Hong Kong
- **Founded:** 2016
- **Assets under management:** Undisclosed
- **Website:** kenetic.capital
- **LinkedIn:** https://www.linkedin.com/company/kenetic-capital

## Regulatory record

- **Reports private funds:** No

## About

Kenetic Capital is a family office focused on web3 investments. The firm invests in Pre-seed to Series B blockchain technology companies, primarily in infrastructure, enterprise, trading, and finance. Founded in 2016 in Central, Hong Kong, Kenetic Capital has made 99 investments and has 6 portfolio exits.

## Sectors

- Web3
- DeFi
- Blockchain Infrastructure
- Digital Assets

## People

- Jehan Chu — Founder and Managing Partner

## Questions

### Who runs investment decisions at Kenetic Capital?

Jehan Chu serves as Founder and Managing Partner and is the firm's primary investment decision-maker. Chu has been actively investing in blockchain projects since participating in Ethereum's 2014 crowd sale, predating the formal founding of Kenetic by two years. The firm maintains a small investment committee structure but Chu's personal network and early-cycle reputation drive deal origination and final allocation choices.

### How does Kenetic Capital source proprietary deal flow?

Kenetic sources through Chu's decade-deep relationships with core protocol development teams — many of whom he backed at seed stage before other institutional capital entered the space. The firm also leverages its Hong Kong regulatory-compliant trading infrastructure to build relationships with projects seeking Asian exchange listings. Kenetic's advisory practice for token listings serves as a funnel for identifying later-stage private companies preparing to transition to liquid markets.

### Is Kenetic Capital structured as a venture firm or a hedge fund?

Kenetic operates a hybrid structure that is unusual among crypto-native allocators. One arm functions as a traditional venture-style fund making direct equity investments in early-stage blockchain startups. The second arm operates as a proprietary liquid-token strategy that actively manages digital-asset exposures across public markets. This dual structure means Kenetic holds both private illiquid equity positions and actively managed liquid token portfolios on its balance sheet.

### How has Kenetic Capital navigated crypto market downturns?

Kenetic is notable for surviving two full crypto credit cycles — the 2017-2018 bear market and the 2022-2023 market unwind triggered by the collapses of FTX, Three Arrows Capital, and several lending platforms. Chu has attributed the firm's resilience to its liquid-token desk generating yield during venture valuation compression and to Kenetic's avoidance of the unsecured lending that wiped out many peer firms in 2022. The firm did not publicly report a material drawdown or counterparty loss during the 2022 credit crisis.

## Related profiles

- [Kendall Capital Partners](https://altss.com/profile/kendall-capital-partners)
- [KEN Investments](https://altss.com/profile/ken-investments)

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

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