Lihan Investment

Lihan Investment

Lihan Investment is a private equity and venture capital manager headquartered in Shanghai, China. The firm participates in early-stage direct investing — covering seed and start-up rounds — while also operating a complementary fund-of-funds program that allocates capital to other venture managers across the country. This combination of direct and indirect venture exposure defines the firm's approach to Chinese private markets. The firm's direct strategy targets seed and start-up stage companies, providing initial and early institutional capital to founders building in China's domestic technology and innovation sectors. Through its broader venture generalist mandate, Lihan Investment seeks opportunities across a range of industries, with the fund-of-funds component acting as a diversification and sourcing layer that extends the firm's reach beyond its own direct deal flow. No publicly confirmed figures exist for the firm's total assets under management, total capital deployed, or internal team size. Lihan Investment maintains a low public profile; the firm does not operate a public-facing website and has not disclosed its founding year, leadership, or specific portfolio holdings through standard reporting channels. This opacity is consistent with many small and mid-sized private market managers in China who raise capital primarily through domestic high-net-worth individuals, family offices, and local institutional relationships rather than through global institutional fundraising. Structurally, Lihan Investment's dual direct-and-fund-of-funds model sets it apart from pure-play venture capital firms. The fund-of-funds allocations allow the firm to access venture capital strategies and deal flow it cannot originate independently, while the direct investing arm provides concentrated exposure to specific startups where the firm has conviction. This architecture is particularly functional in China's fragmented venture market, where regional and stage-specific managers often see opportunities that national direct investors miss.