# Liuhe Capital

Liuhe Capital is an Asset Manager based in Shanghai, China.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Shanghai, China
- **Region:** Asia
- **Address:** Shanghai, China
- **Founded:** 2004
- **Assets under management:** Undisclosed
- **Website:** www.liuhecapital.com
- **LinkedIn:** https://www.linkedin.com/company/liuhe-private-equity

## Regulatory record

- **Reports private funds:** No

## About

Liuhe Capital is a private asset management company in China. It focuses on stock investments, PIPE, venture capital, and other activities. The firm has made 17 investments, including a Seed investment in JUOPT on March 04, 2026.

## Sectors

- Enterprise Software
- AI/ML
- Robotics & Automation
- Energy Transition & Renewables

## People

- Xia Yu — Founder

## Questions

### What investment stages does Liuhe Capital target?

The firm invests from seed through growth equity and also executes private investment in public equity (PIPE) transactions. This full-lifecycle approach is characteristic of hard-technology investors who often need to support portfolio companies from lab-stage development through commercial scale-up and eventual public-market liquidity.

### How does Liuhe Capital source its deal flow?

Liuhe Capital draws from China's top engineering universities and state-backed research programs, where many hard-tech commercial spinouts originate. The firm co-invests alongside municipal government industrial funds, which provides visibility into companies that foreign VC firms — restricted by CFIUS or other screening regimes — cannot access directly.

### How is Liuhe Capital related to Chinese government industrial policy?

Liuhe Capital's investment thesis aligns closely with Beijing's strategic priorities in semiconductor sovereignty and energy independence. It co-invests with government-linked industrial funds and municipal vehicles. However, the firm maintains a financial return mandate and is not a designated policy-implementation entity.

### Does Liuhe Capital maintain a public portfolio or disclose its AUM?

No. Liuhe Capital does not publicly disclose assets under management, total deployment, or a formal portfolio directory. Its known positions surface through Chinese corporate registries and investee company prospectuses rather than through voluntary disclosure.

## Related profiles

- [Littlejohn & Co.](https://altss.com/profile/littlejohn-co)
- [Liuheqiao Venture Capital](https://altss.com/profile/liuheqiao-venture-capital)

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

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