# Tong Fang Capital Management

Tong Fang Capital Management is a RIA based in China.

## Overview

- **Organization type:** RIA
- **Headquarters:** China
- **Region:** Asia
- **Assets under management:** Undisclosed
- **Website:** tongfang.com

## Regulatory record

- **CRD number:** 340380
- **SEC file number:** 802-135339
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/340380

## About

TONG FANG CAPITAL MANAGEMENT LLC is an exempt reporting adviser.

## Sectors

- Real Estate
- Financial Services
- Private Equity
- Technology

## People

- Lu Zhiqiang — Founder and controlling shareholder of Oceanwide Holdings

## Questions

### What is Tong Fang's known deal posture on cross-border transactions?

The office has historically targeted control or significant minority stakes in overseas financial-services and technology assets. The Genworth Financial acquisition attempt and the San Francisco development project demonstrate a willingness to commit billions to U.S.-domiciled targets, though regulatory friction and domestic liquidity pressures have put large offshore bets on hold since 2020.

### Does Tong Fang make fund commitments or only direct deals?

The office is structured for principal investing rather than limited-partner fund commitments. Publicly documented activity shows direct equity and debt deals, often through Oceanwide's corporate acquisition vehicles rather than blind-pool funds.

### Who runs investment decisions at the office?

Lu Zhiqiang, as founding principal and Oceanwide's controlling shareholder, is the ultimate decision-maker. The office does not disclose a separate CIO, and deal execution has historically flowed through Oceanwide's internal corporate-development and finance teams.

## Related profiles

- [Tomas A. Blanno and Company](https://altss.com/profile/tomas-a-blanno-and-company-llc)

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Last updated: 2026-08-14T12:30:00.000Z

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