# SHIVC

SHIVC is a Private Equity based in Beijing, China.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Beijing, China
- **Region:** Asia
- **Address:** Beijing, China
- **Founded:** 2011
- **Assets under management:** Undisclosed
- **Website:** www.shivc.com.cn

## Regulatory record

- **Reports private funds:** No

## About

SHIVC is a venture capital platform established by the Shanghai government. It manages venture capital funds, fund-of-funds, and other investments. SHIVC has made five investments, including an investment in Enflame as part of their Series B on May 7, 2020.

## Sectors

- Early Stage
- Growth
- PIPE
- Venture Capital
- Buyout

## Questions

### What investment strategies does SHIVC cover as a fund of funds?

SHIVC allocates capital across a broad range of private equity strategies, including early-stage and seed venture capital, growth equity, buyouts, and PIPE (private investment in public equity) transactions. This full-spectrum mandate allows the firm to back managers at every stage of the Chinese private market cycle, from nascent technology-focused funds to established control-oriented buyout vehicles. The inclusion of PIPE strategies also bridges the gap between private and public market investing within a single fund-of-funds architecture.

### How does SHIVC's geographic focus shape its manager selection?

SHIVC is headquartered in Beijing and orients its portfolio toward Chinese private equity managers, a market characterized by distinct regional innovation clusters and regulatory dynamics. Beijing's Zhongguancun district, often called China's Silicon Valley, is a dense source of early-stage venture funds, while Shanghai and Shenzhen host a concentration of growth and buyout managers. The firm's domestic focus means manager selection is heavily influenced by on-the-ground relationships and navigating China's evolving regulatory framework for private funds.

### Does SHIVC invest directly in companies or only through fund commitments?

While SHIVC's primary structure is a fund of funds, which commits capital to external general partners, the firm also pursues direct co-investment opportunities alongside its underlying managers. This hybrid approach allows the firm to increase exposure to specific high-conviction deals without deviating from its core fund-allocation model. The balance between blind-pool fund commitments and targeted co-investments is a key feature of its deployment strategy.

### What is SHIVC's approach to PIPE transactions?

SHIVC includes PIPE transactions as a distinct strategy within its multi-asset mandate, enabling commitments to funds that invest in publicly listed Chinese companies seeking private growth capital. This approach gained relevance as regulatory scrutiny of overseas IPOs pushed more growth-stage companies to raise capital while remaining listed on domestic exchanges. PIPE investing through a fund-of-funds structure gives SHIVC's limited partners access to a segment of the market that blends private deal terms with public-market liquidity considerations.

## Related profiles

- [Shiseido Venture Partners](https://altss.com/profile/shiseido-venture-partners)
- [Shixin Holdings](https://altss.com/profile/shixin-holdings)

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

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