Private Equity

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Yuntai Fund

Yuntai Fund is a professional investment institution based in Shenzhen, Guangdong. It focuses on equity investments in high-tech companies across healthcare,...

Yuntai Fund logo

Yuntai Fund

Yuntai Fund is a professional investment institution based in Shenzhen, Guangdong. It focuses on equity investments in high-tech companies across healthcare, energy Internet, industrial upgrading, and consumption upgrading sectors.

General information

Firm type

Private Equity

Year founded

2014

Location

Region

Asia

Country

China

City

Beijing

Corporate office

Beijing, China

Principals

Li Xiang

Partner

Sector focus

Enterprise SoftwareAI/MLIndustrial TechDigital HealthMobility & Transportation

Frequently asked questions

Who runs investment decisions at Yuntai Fund?

Partner Li Xiang has been the named principal associated with Yuntai Fund since its founding in 2014. The firm does not publish detailed bios or an expanded investment committee list, making Li Xiang the primary known decision-maker in the public record.

Is Yuntai Fund a dollar-denominated or renminbi-denominated investor?

Yuntai Fund primarily raises and deploys renminbi-denominated capital from onshore Chinese limited partners, including government guidance funds and state-owned enterprises. This RMB-centric structure is a defining feature of the firm and distinguishes it from China-based managers who market parallel dollar funds to offshore LPs.

What investment stages does Yuntai Fund typically target?

The firm operates across early-stage venture — writing pre-Series A checks — and later-stage growth equity and buyout transactions. In its growth practice, Yuntai seeks controlling or significant minority stakes in mid-sized technology companies with established revenue and government procurement traction.

Which sectors does Yuntai Fund focus on?

Yuntai concentrates on hard technology and enterprise digitization, with confirmed sector exposure in enterprise software, industrial automation, artificial intelligence, digital health, and mobility. The firm's deal flow is closely tied to China's industrial policy priorities, including semiconductor and advanced manufacturing ecosystems.

How is Yuntai Fund positioned relative to China's government industrial policy?

Because Yuntai raises capital predominantly from government guidance funds and state-backed LPs, its portfolio closely mirrors Beijing's strategic technology priorities. The firm is active in the Zhongguancun technology cluster and targets semiconductor, AI, and healthcare-data companies where dollar-denominated funds often face regulatory restrictions.

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