Origin Fund

Founding Partner Zhu Yin leads the investment committee, supported by a core partnership group. The firm operates with a flat decision-making structure typical of sub-$200 million Chinese venture managers — deals are debated across the entire investment team rather than siloed by sector, and final approval requires Zhu's sign-off alongside at least one other partner.

Origin Fund has raised exclusively renminbi-denominated vehicles to date. The firm has not announced a parallel US-dollar fund structure or offshore vehicle, which means it deploys domestic capital under local regulatory frameworks and faces different exit-path considerations than the dollar-fund peers that dominate China's venture capital headlines.

Origin Fund operates as a compact, locally registered private equity manager, not as a multi-product platform. Unlike Sequoia China or Matrix Partners China, which run vehicles spanning seed to pre-IPO across multiple currencies and strategies, Origin Fund deploys a single strategy from a single fund family. That focus limits its ability to write large follow-on checks but eliminates the internal competition for deals that occurs inside multi-strategy platforms.