Z&D Asset Management

Z&D Asset Management

Z&D Asset Management registered as a private fund manager with the Asset Management Association of China in August 2017, two years after its June 2015 founding. The firm was built by senior bankers from Hangzhou Industrial and Commercial Trust, Morgan Stanley Asia, and China Merchants Bank, all of whom anchor its Hangzhou headquarters at the World Trade Center on Shuguang Road. The firm runs three dedicated verticals: a real-estate fund series that invests in urban-renewal and commercial-property deals concentrated in the Yangtze River Delta and Hangzhou Bay Area; a medical-health strategy that targets aging-population and senior-care demand; and a cultural-education practice that pursues buyouts and growth investments in private education and related service sectors. Its cumulative project deployment surpassed RMB 100 billion by mid-2022, drawn from a client base of more than 200 high-net-worth individuals and institutions. Team size is undisclosed, though the firm actively recruits for front-office sales, fixed-income portfolio management, and risk-control roles in Hangzhou. Beyond its headquarters, no additional offices are listed. Public hiring posts signal an expanding onshore wealth-management sales force while the firm simultaneously hires dedicated fixed-income managers to run proprietary credit portfolios alongside the private-equity verticals. Z&D’s structural differentiator is its bundling of an onshore private-fund manager license and a captive high-net-worth distribution network under one Hangzhou roof — it raises capital from its own wealth-advisory sales teams and self-distributes its real-estate, healthcare, and education funds, rather than relying solely on third-party banks or securities channels.