# ZhengYing Fund Management

ZhengYing Fund Management is a Private Equity based in Shenzhen, China.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Shenzhen, China
- **Region:** Asia
- **Address:** Shenzhen, China
- **Founded:** 2011
- **Assets under management:** Undisclosed

## Regulatory record

- **Reports private funds:** No

## About

ZhengYing Fund Management is a private equity firm based in Shenzhen, China. It focuses on growth investments. The firm is headquartered there.

## Sectors

- Industrial Tech
- Enterprise Software

## Questions

### What investment structures does ZhengYing Fund Management use?

ZhengYing deploys capital through two primary structures: growth equity rounds for private companies and PIPE (private investment in public equity) transactions for already-listed companies. The PIPE capability allows the firm to participate in discounted share placements, a common feature of China's equity markets when listed firms require follow-on capital. This dual-structure approach is operationally distinct from pure-play VC or buyout managers in the region.

### What types of companies does ZhengYing target?

The firm targets middle-market companies in China's industrial technology and enterprise software sectors, with a particular focus on firms preparing for domestic IPO listings. Its Shenzhen base aligns with a heavy concentration of advanced manufacturing and hardware-enabled technology businesses in Guangdong province. Stage focus spans revenue-stage private companies and newly public entities requiring post-IPO growth capital.

### Does ZhengYing operate as a blind-pool fund or on a deal-by-deal basis?

Capital-raising structure is not publicly disclosed. Many Chinese middle-market PE firms with ZhengYing's profile operate on a deal-by-deal or project-fund basis rather than through Western-style blind-pool fund vehicles. Under this model, general partners syndicate commitments for each transaction individually, which provides flexibility for investors but limits aggregate AUM reporting.

## Related profiles

- [Zhengye Fund](https://altss.com/profile/zhengye-fund)
- [Zhenong Keye Capital](https://altss.com/profile/zhenong-keye-capital)

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

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