# Z&D Asset Management

Z&D Asset Management is a Private Equity based in Syracuse, China.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Syracuse, China
- **Region:** Asia
- **Address:** Room 1706, Block A, World Trade Center, 122 Shuguang Road, Xihu District, Hangzhou, Zhejiang, China
- **Founded:** 2015
- **Assets under management:** Undisclosed
- **Website:** www.hzzdam.com

## About

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. 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.

## Sectors

- Real Estate
- Digital Health
- Education

## Questions

### Who runs investment decisions at Z&D Asset Management?

The firm does not publicly name its current CIO or investment committee chair. Its four disclosed founding principals each previously held senior roles at Hangzhou Industrial and Commercial Trust, Morgan Stanley Asia, or China Merchants Bank. Investment decisions are made by this core group operating from the firm’s Hangzhou headquarters.

### What is Z&D’s known posture on co-investments alongside external GPs?

The firm has not disclosed any co-investment or club-deal structures. Public materials describe self-originated and self-distributed fund products across real estate, medical health, and cultural education without mentioning third-party GP partnerships.

### How is the firm regulated?

Z&D Asset Management completed its private fund manager registration with the Asset Management Association of China in August 2017 under filing number P1064106, subjecting it to the disclosure and compliance requirements applicable to onshore Chinese private securities investment fund managers.

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- [ZCG](https://altss.com/profile/zcg)
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Last updated: 2026-08-11T02:43:31.692Z

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