# Pegasus Investment

Pegasus Investment is a Private Equity based in Shanghai, China.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Shanghai, China
- **Region:** Asia
- **Address:** Shanghai, China
- **Founded:** 2018
- **Assets under management:** Undisclosed
- **Website:** pe.pegasusfund.com.cn
- **LinkedIn:** https://linkedin.com/company/pegasus-investment-partners

## Regulatory record

- **CRD number:** 114079
- **SEC file number:** 801-65315
- **Registration status:** Registered
- **Reports private funds:** No
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/114079

## About

Pegasus Investment is an SEC-registered investment adviser with $30 million in regulatory assets under management. The firm manages $2 million on a discretionary basis. It has 1 employee and 1 investment adviser.

## Questions

### How does regulatory risk in China affect the firm's strategy?

As an onshore RMB manager, Pegasus Investment is directly subject to the Asset Management Association of China's (AMAC) registration and reporting requirements, and its portfolio companies operate entirely under China's domestic regulatory framework. The 2021–2023 regulatory tightening across technology, education, and healthcare sectors reshaped exit pathways for growth-stage investors; firms without offshore diversification must build their investment theses entirely around sectors that align with current policy priorities.

### Which sectors does Pegasus Investment avoid?

No explicit exclusion list is publicly available. However, Chinese growth-equity managers broadly reduced exposure to consumer internet and private tutoring during the 2021–2022 regulatory crackdowns, and the current policy environment favors advanced manufacturing, hard technology, healthcare innovation, and enterprise digitization — sectors where future regulatory risk is perceived as lower.

## Related profiles

- [Pearl Street Venture Funds](https://altss.com/profile/pearl-street-venture-funds)
- [Pelican Capital](https://altss.com/profile/pelican-capital-llp)

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

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