Private Equity

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Pusu Capital

PUSU Capital is a private investment fund manager in China. The firm focuses on expansion-stage growth capital investment and mature-stage M&A investment in...

Pusu Capital

PUSU Capital is a private investment fund manager in China. The firm focuses on expansion-stage growth capital investment and mature-stage M&A investment in healthcare, consumer services, modern finance, and new emerging industries. PUSU Capital has made 13 investments, including a Series B - II investment in Huacheng Biotech on September 24, 2019, and has facilitated 3 portfolio exits, including Extreme Vision on March 30, 2026.

General information

Firm type

Private Equity

Year founded

2009

AUM

Undisclosed

Location

Region

Asia

Country

China

City

Shenzhen

Corporate office

Shenzhen, China

Sector focus

Enterprise SoftwareAI/MLIndustrial TechHealthcare ServicesEnergy Transition & Renewables

Frequently asked questions

What investment stages does Pusu Capital cover?

Pusu Capital invests across seed, start-up, growth, and PIPE transactions. This multi-stage mandate allows it to back founders from the earliest institutional rounds and follow on through later private placements. The firm does not publicly constrain itself to a single check size band.

Which sectors does Pusu Capital target?

The firm focuses on enterprise software, AI/ML, industrial technology, healthcare services, and energy transition. Pusu's Shenzhen location gives it particular access to hard-tech and industrial deals anchored in the Pearl River Delta manufacturing ecosystem.

Is Pusu Capital a single-family office or a traditional fund manager?

Pusu Capital operates as a private equity asset manager, not a single-family office. It deploys third-party capital into venture and growth-stage Chinese companies through a multi-stage investment strategy.

What is Pusu Capital's relationship to its Shenzhen base?

Shenzhen is China's leading hardware and manufacturing hub, and Pusu Capital's headquarters in the city gives it physical proximity to the supply chains, prototyping infrastructure, and specialized talent that increasingly define industrial-tech and deep-tech venture deal flow. This is a structural sourcing advantage over funds based in Beijing or Shanghai for manufacturing-adjacent investments.

Does Pusu Capital disclose its assets under management?

No. Pusu Capital has not publicly disclosed assets under management, deployment figures, or fund sizes. Many Chinese private equity firms with a concentrated domestic LP base operate below mandatory public reporting thresholds.

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