# Zheneng Fund

Zheneng Fund is a Private Equity based in Hangzhou, China.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Hangzhou, China
- **Region:** Asia
- **Address:** Hangzhou, China
- **Founded:** 2011
- **Assets under management:** Undisclosed
- **Website:** https://en.zhenfund.com
- **LinkedIn:** linkedin.com/company/zheneng-group

## Regulatory record

- **Reports private funds:** No

## About

ZhenFund is an investment firm that has partnered with over 800 startups over the past decade, including many that have grown into unicorns and global leaders. The firm emphasizes supporting visionary entrepreneurs and staying loyal to founders, with programs such as ZhenResidence, ZhenCampus, and Zhen Summer Grant. It lists offices in Beijing, Shanghai, and Shenzhen.

## Questions

### What investment stages does Zheneng Fund target?

Zheneng Fund's mandate covers seed, start-up, growth, buyout, and pre-IPO PIPE transactions, according to its registered strategy profile. This is a notably wide stage range for a single manager and means the firm can participate in a company's capitalization from early venture rounds through to public-market crossover deals. The multi-stage structure allows capital to be deployed across the entire corporate lifecycle without requiring separate fund vehicles for each stage.

### Is Zheneng Fund a venture capital firm or a buyout shop?

It operates as both. Zheneng Fund's strategy includes venture capital, growth equity, and buyout transactions, which is unusual in the Chinese private equity market where most firms specialize by stage. This hybrid model means the firm can write early-stage checks, participate in growth rounds, and execute control acquisitions or pre-IPO placements from the same platform.

## Related profiles

- [Zhejiang Wuchan Zhongda Hongtai Capital](https://altss.com/profile/zhejiang-wuchan-zhongda-hongtai-capital)
- [Zheng Hong Fund Management](https://altss.com/profile/zheng-hong-fund-management)

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Last updated: 2026-08-11T15:08:42.881Z

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