# Myrtus Capital

Myrtus Capital is an Asset Manager based in Beijing, China.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Beijing, China
- **Region:** Asia
- **Address:** Beijing, China
- **Founded:** 2009
- **Assets under management:** Undisclosed
- **Website:** myrtuscapital.com
- **LinkedIn:** https://www.linkedin.com/company/myrtuscapital

## Regulatory record

- **Reports private funds:** No

## About

Myrtus Capital was formed in 2009 as a Beijing-based investment subsidiary of Yutong Group, one of the world's largest bus manufacturers. Founder and Managing Director Sandy Xu built the firm to deploy the industrial parent's capital beyond its core transportation business, initially targeting venture and growth-stage companies in China. The firm pursues a dual-track strategy: direct venture investments in technology companies and cross-border private equity through sovereign-backed vehicles. In a signature move, Myrtus and Russia's state-owned Rusnano established a $100 million Russian-Israeli investment fund, targeting nanotechnology and advanced materials startups with commercial applications in manufacturing (per Rusnano's 2012 press release). This structure links Chinese industrial capital to Israeli innovation via a Russian sovereign partner — a triangulation that reflects Myrtus's ability to operate across politically complex corridors. The firm also maintains a UK presence through Myrtus Capital Ltd, which has been associated with high-end real estate investments. Team size remains undisclosed. The firm operates from Beijing and London, with deal flow split between Asian venture opportunities and European alternative assets. Niyazi Albay's directorship connects the UK vehicle to luxury property dealings, while Sandy Xu runs the core China operation. In 2012, the Rusnano fund announcement signaled a peak in the firm's public profile; subsequent activity has been largely unreported, consistent with a strategy that prioritizes quiet bilateral deals over institutional fundraising. Myrtus Capital's structural distinction lies in its tripartite geography: a Chinese industrial parent providing permanent capital, a Russian sovereign co-investor enabling technology transfers, and a UK entity for European real assets. This architecture is rare — most corporate venture arms restrict themselves to their home market, but Myrtus built a cross-border platform that could move capital and technology between three distinct regulatory regimes. Governance and succession details for the firm remain opaque, as does any separation between the Yutong balance sheet and external co-investor interests.

## Sectors

- Venture Capital
- Private Equity
- Luxury

## Offices

- London, United Kingdom

## People

- Sandy Xu — Founder and Managing Director
- Niyazi Albay — Director, Myrtus Capital Ltd (UK)

## Questions

### What is Myrtus Capital's relationship with Yutong Group?

Myrtus Capital operates as a wholly-owned subsidiary of Yutong Group, the Chinese bus manufacturer. It functions as Yutong's investment arm, deploying the parent's balance-sheet capital into venture and private equity deals beyond Yutong's core industrial business. This structure provides Myrtus with permanent capital rather than requiring third-party fundraising.

### What was the Rusnano partnership and what did it invest in?

In 2012, Myrtus Capital and Russia's state-owned Rusnano Corporation established a $100 million Russian-Israeli investment fund (per Rusnano's public disclosures). The fund targeted nanotechnology and advanced materials companies in Israel with potential commercial applications in manufacturing and industrial sectors. The partnership leveraged Myrtus's ties to Chinese industrial capital and Rusnano's sovereign mandate for technology transfer.

### What investment stages does Myrtus Capital target?

The firm's disclosed activity spans venture capital and private equity across early-stage and growth-equity deals. The Rusnano fund focused on early and growth-stage Israeli technology companies, while the UK entity's luxury real estate dealings suggest a later-stage, asset-heavy approach in that vertical. Sector and stage boundaries beyond these examples are not publicly defined.

## Related profiles

- [Myrisoph Capital](https://altss.com/profile/myrisoph-capital)
- [Myrtus Ventures](https://altss.com/profile/myrtus-ventures)

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Last updated: 2026-08-11T02:43:31.692Z

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