# Origin Fund

Origin Fund is a Private Equity based in Beijing, China.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Beijing, China
- **Region:** Asia
- **Address:** Beijing, China
- **Founded:** 2015
- **Assets under management:** CNY 1B–3B (Altss estimate)
- **Website:** yuanqijijin.com

## Regulatory record

- **Reports private funds:** No

## About

Origin Fund is a professional investment company based in Beijing, China, founded in 2016. It focuses on equity investment management and government-industry funds. The company has made 8 investments, including a Series A - II investment in Bayuegua on March 12, 2026.

## Sectors

- Enterprise Software
- AI/ML
- Digital Health
- FinTech

## People

- Zhu Yin — Founding Partner

## Questions

### Who makes investment decisions at 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.

### Does Origin Fund raise US-dollar funds or only renminbi?

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.

### How is Origin Fund structured relative to the large multi-stage platforms in China?

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.

## Related profiles

- [Origin Equity](https://altss.com/profile/origin-equity)
- [Origins Capital Partners](https://altss.com/profile/origins-capital-partners)

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

Canonical page: https://altss.com/profile/origin-fund

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