Phi Zoyi Capital

Founding Partner Andy Wang leads the team. Additional senior investment professionals include Partner Ming Li, who spent 25 years in automotive systems at firms like Delphi and Visteon, Managing Director Martiny Lin, a former Wistron VP, and Executive Director Jack Lo. The firm has not publicly described a formal investment committee structure, but its principals list suggests decisions flow through a small, senior team.

The firm's sourcing edge comes from its partners' deep operational networks in Asian automotive and electronics supply chains. Andy Wang's chairmanship of ChaoLong Automotive Group provides direct connections to component buyers like Toyota and Honda. Other partners' tenures running large engineering teams and P&Ls at Delphi, Wistron, and major EMS providers give Phi Zoyi Capital visibility into companies that supply global OEMs.

Phi Zoyi Capital operates as a private equity firm, not a family office. The firm website describes it as 'an industry-focused private equity fund.' It invests third-party capital through a fund structure rather than managing a single family's balance sheet, though it does not disclose details of its limited partners or fund sizes.

The firm primarily takes positions in growth-stage companies. Its portfolio includes businesses that were pre-IPO at the time of investment, such as SigmaStar (IPO'd in 2024) and Ambiq (IPO'd in 2025). The firm also participates in private placements in publicly listed companies, as seen in its December 2023 investment in Chant Sincere.

The firm's mandate and portfolio reveal a clear focus on hardware, components, semiconductors, and industrial technology. It has no disclosed investments in software-as-a-service, enterprise applications outside of hardware-enablement, consumer internet, healthcare, or financial technology. Its investment activity suggests a deliberate avoidance of businesses without a physical-technology or manufacturing component.

The firm's disclosed activity is exclusively direct equity investments in operating companies. Its website and portfolio list describe minority and growth-equity positions in businesses such as Gogoro, ILITEK, and AEye, without any mention of fund-of-fund commitments or LP positions in other private equity vehicles.

There is no publicly disclosed philanthropic foundation or donor-advised fund connected to Phi Zoyi Capital or its principals. The firm presents itself purely as a private equity investment platform without a stated charitable mandate.