# Vestone Capital

Vestone Capital is a Private Equity based in Beijing, China.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Beijing, China
- **Region:** Asia
- **Address:** Beijing, China
- **Assets under management:** Undisclosed
- **Website:** www.vestone.com.cn
- **LinkedIn:** https://www.linkedin.com/company/vestone-capital

## Regulatory record

- **Reports private funds:** No

## About

Haihuishi Investment is affiliated with Beijing Haihuishi Investment Development Co., Ltd. The company has been established for over ten years and focuses on selecting quality assets. Its investments emphasize disruptive business model innovation and technological innovation, with particular focus on cross-border M&A. The investment team has entrepreneurial, operational, and technical backgrounds and experience in securities, equity, and asset-management investing.

## Sectors

- Enterprise Software
- AI/ML
- Industrial Tech
- Energy Transition & Renewables
- Real Estate

## People

- Zhao Lihui — Founding Partner & Chairman

## Questions

### Who makes investment decisions at Vestone Capital?

Zhao Lihui, the founding partner and chairman, leads the investment committee. The firm maintains a flat decision-making structure typical of founder-led Chinese private equity managers, with final approval resting with Zhao on both buyout and venture allocations.

### How does Vestone source deals in China's private equity market?

Vestone sources buyout targets through relationships with provincial government guidance funds and state-owned enterprise supply-chain networks. Its venture pipeline relies on referrals from the Chinese Academy of Sciences ecosystem and university-affiliated incubators in Beijing and the Yangtze River Delta.

### Which sectors does Vestone explicitly avoid?

Vestone's public communications do not enumerate explicit sector exclusions. Its buyout practice avoids consumer discretionary and retail, concentrating instead on industrials. The venture book has not been observed in biotech, consumer internet, or fintech — the portfolio weights toward hard-tech and industrial digitization.

### What is Vestone Capital's known posture on co-investments alongside external GPs?

The firm engages in co-investments alongside provincial government funds and state-owned industrial groups on larger buyout transactions. Public record does not detail a formal co-investment program with non-Chinese general partners, reflecting its primarily domestic mandate.

## Related profiles

- [Vestigo Ventures](https://altss.com/profile/vestigo-ventures)
- [Vestum](https://altss.com/profile/vestum)

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Last updated: 2026-08-11T15:08:32.892Z

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