LongLing Capital

Founder and Chairman Jiang Tao leads all investment committees. The firm operates without a disclosed separate CIO, meaning investment authority is concentrated at the founder level — a governance structure common among Chinese private equity firms managing their own balance sheet.

LongLing's Xiamen headquarters gives it privileged access to Fujian province's industrial and logistics networks. The firm sources deals through local industrial relationships before companies run formal fundraise processes, particularly in advanced manufacturing and cross-border logistics — sectors where tier-1 funds lack on-the-ground presence.

LongLing operates as a private equity manager, not a family office. It runs a hybrid capital structure with a permanent-capital core supplemented by project-specific partnerships, allowing it to hold positions beyond typical fund cycles while still deploying alongside external limited partners.

LongLing focuses on direct equity positions and special-purpose vehicles rather than fund-of-funds commitments. The firm acts as lead or co-lead investor from Series A through pre-IPO rounds, typically taking board seats or observer rights in portfolio companies.

LongLing spans the full venture-to-buyout spectrum. The firm writes checks at seed, early-stage, expansion, growth, and pre-IPO rounds — a range that reflects its permanent-capital flexibility. Late-stage pre-IPO positions and buyout transactions carry larger check sizes, while early-stage venture bets are deployed through project-specific partnerships.

Xiamen sits in southeast China's Fujian province, a manufacturing and logistics hub that is underserved by Beijing- and Shanghai-based funds. LongLing uses this geography to source deals in industrial automation, cross-border logistics platforms, and healthcare services before formal processes begin, giving it a sourcing advantage in overlooked sectors.

LongLing manages both its own permanent capital and funds selectively raised from external limited partners for specific investments. This hybrid approach lets the firm compete in auctions when needed while maintaining the holding flexibility of an evergreen vehicle.