# ZF Holdings

ZF Holdings is a Single Family Office based in Hong Kong, China.

## Overview

- **Organization type:** Single Family Office
- **Headquarters:** Hong Kong, China
- **Region:** Asia
- **Address:** Hong Kong
- **Founded:** 2019
- **Assets under management:** Undisclosed
- **Website:** zfhold.com
- **LinkedIn:** https://hk.linkedin.com/company/zf-holdings

## Regulatory record

- **Reports private funds:** No

## About

ZF Holdings was established in 2019 by Mahmoud Zohny, who serves as Chairman and CEO. The firm operates from Hong Kong as a single-family office with a mandate centered on capital preservation and intergenerational transfer. The office pursues a diversified strategy that includes public equities, private equity, real estate, and direct co-investments. Confirmed investment types encompass SPVs, fund-of-funds vehicles, and property assets. Geographic exposure reaches Africa, Asia, Europe, the Middle East, North America, and South America. Sector interests include PropTech, ClimateTech, Industrial Tech, Robotics & Automation, AgriTech & FoodTech, SpaceTech, and EdTech. Investment stages target early-stage, growth, and startup opportunities. No public data exists on team size, AUM, or additional offices. Adjacent vehicles and philanthropic structures are not disclosed. No operational events from the last 24 months appear in available records. The office maintains a hybrid structure that combines direct deal execution with fund commitments while retaining full internal governance over asset allocation and risk parameters.

## Sectors

- PropTech
- ClimateTech
- Industrial Tech
- Robotics & Automation
- AgriTech & FoodTech
- SpaceTech
- EdTech

## People

- Mahmoud Zohny — Chairman and CEO

## Questions

### Who runs investment decisions at ZF Holdings?

Mahmoud Zohny serves as Chairman and CEO and directs investment decisions.

### Is ZF Holdings structured as a single family office or does it operate more like a venture firm?

ZF Holdings functions as a single-family office with internal governance over asset allocation.

### Does ZF Holdings participate in fund commitments or only direct deals?

The firm uses both fund-of-funds commitments and direct co-investments through SPVs.

### What investment stages does ZF Holdings typically target?

The office targets early-stage, growth, and startup opportunities.

### Where does the underlying wealth come from?

Wealth origin is not publicly disclosed.

## Related profiles

- [Zevenbergen Capital Investments](https://altss.com/profile/zevenbergen-capital-investments)
- [ZHAR SA](https://altss.com/profile/zhar-sa-rahmani-family-office)

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Last updated: 2026-06-03T20:00:00.000Z

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