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Maison Capital
Li Hao and Jiang Yuzhi's Shenzhen-based PE firm targets growth-stage tech in the Greater Bay Area.
Maison Capital
Maison Capital operates from Shenzhen as a private equity firm targeting early-stage through pre-IPO rounds in China's technology and industrial sectors. Founded by Li Hao and Jiang Yuzhi, the firm concentrates on companies that apply deep technology to legacy manufacturing and healthcare infrastructure — a thesis rooted in the Pearl River Delta's industrial density. The partnership emerged from Shenzhen's venture ecosystem during a period when domestic RMB funds began displacing dollar-denominated competitors for local deal flow. The firm deploys capital across seed, start-up, growth, and pre-IPO stages, with a primary focus on enterprise software, AI/ML, industrial technology, healthcare services, and consumer. Maison Capital structures direct equity investments in portfolio companies operating within the Greater Bay Area and select tier-one cities. The firm does not publicly disclose its fund sizes or total deployment to date. Its investment posture favors concentrated positions in founder-led businesses that serve China's domestic market, particularly those integrating software into physical supply chains and clinical workflows. Team size remains undisclosed. The firm's principal office in Shenzhen anchors its activities within the Greater Bay Area. No philanthropic foundation, adjacent real-asset arm, or co-investor club has been publicly associated with the firm. In 2023, Maison Capital participated in a growth round for a Shenzhen-based industrial software company, continuing its pattern of backing technical founders with operating experience inside China's state-owned enterprise supply chains. Unlike firms that raise blind-pool vehicles with a broad mandate, Maison Capital structures its practice as a concentrated, thesis-driven manager. The succession of decision-making authority rests with the two named founding partners, who maintain direct involvement in investment committee deliberations. This governance model is common among Chinese first-generation GPs where institutional LP influence remains limited, placing the burden of sourcing and portfolio management squarely on the partnership itself.
General information
Firm type
Private Equity
Year founded
—
AUM
Undisclosed
Location
Region
Asia
Country
China
City
Shenzhen
Corporate office
Shenzhen, China
Principals
Li Hao
Founding Partner
Jiang Yuzhi
Managing Partner
Sector focus
Frequently asked questions
Who runs investment decisions at Maison Capital?
Investment decisions are led by founding partner Li Hao and managing partner Jiang Yuzhi. Both appear to serve on the firm's investment committee. This two-person governance structure is consistent with first-generation Chinese private equity firms where the founding partners retain direct control over capital allocation.
Does Maison Capital invest from a single blind-pool fund or through deal-by-deal special purpose vehicles?
The firm's precise fund structure is not publicly documented, making it unclear whether it deploys capital from a committed blind-pool vehicle, separate managed accounts, or deal-by-deal special purpose vehicles. Many Shenzhen-based managers of similar vintage operate parallel RMB and USD structures, though no public filings confirm dual-currency vehicles at Maison Capital.
What investment stages does Maison Capital target?
Maison Capital invests across seed, start-up, growth, and pre-IPO rounds. Its stated strategy spans the full venture cycle, though in practice the firm appears most active in Series A through growth-stage financings where industrial technology companies require expansion capital to scale inside China's domestic market.
Which sectors does Maison Capital focus on?
The firm targets enterprise software, AI/ML, industrial technology, healthcare services, and consumer. Its portfolio concentrates on companies that apply software and automation to legacy manufacturing and healthcare workflows, with a geographic bias toward the Pearl River Delta industrial corridor.
Is Maison Capital structured as a family office or a traditional private equity manager?
Maison Capital operates as a private equity asset manager, not a family office. The firm raises and deploys external capital rather than managing a single-family balance sheet. Its governance rests with a partnership structure led by Li Hao and Jiang Yuzhi, with no disclosed affiliation to an underlying industrial or real estate fortune.
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