Step Holdings

The firm describes its approach as 'relay investing' — combining fund-of-funds commitments, direct equity stakes, and innovation-linked credit from a single Shanghai-based platform. This allows Step Holdings to support portfolio companies through successive growth stages without relying on a single instrument. The model integrates fund commitments, direct checks, and structured lending under one legal entity.

Both. Step Holdings maintains a dedicated direct-investment track (直投案例) alongside its fund-of-funds platform. Its website references direct case studies, indicating it writes direct equity checks in addition to committing capital to external venture and growth managers. A financial-services unit further extends credit to early-stage technology companies.

Step Holdings has not publicly disclosed an AUM figure, nor has a recent credible secondary source published one. No total deployment or team headcount is listed on the firm's website. Without a public regulatory filing or named LP disclosure, any number would be an estimate — and Altss has chosen not to assign one.

The firm is explicitly focused on early-stage technology ventures in China. Its website does not list sector exclusions or preference tags beyond the broad 'technological innovation' framing. The fund-of-funds practice covers seed, start-up, venture and growth stages, suggesting exposure across software, hardware and potentially life sciences within that mandate.

The firm's website includes a team page (团队介绍) but does not name specific investment principals, decision-makers, or governance bodies. Altss has not identified a named CEO, CIO, or managing partner in public records. Attribution of investment authority remains undisclosed.