# Zhiyun Fund

Zhiyun Fund is a Private Equity based in Beijing, China.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Beijing, China
- **Region:** Asia
- **Address:** Beijing, China
- **Assets under management:** Undisclosed
- **Website:** zhiyunfund.com

## Regulatory record

- **Reports private funds:** No

## About

Zhiyun Fund is a private equity firm based in Beijing, China. It focuses on venture capital investments. The firm has a team of 10 employees.

## Questions

### Does Zhiyun Fund focus exclusively on the Chinese market?

Based on registrations and the firm's strategy description, Zhiyun Fund concentrates on China-based opportunities across its direct investment and fund-of-funds programs. Its Beijing headquarters positions it within China's primary private capital hub, though the geographic scope of specific portfolio companies or underlying fund commitments has not been publicly detailed.

### Who leads Zhiyun Fund's investment decisions?

Zhiyun Fund does not publicly identify its founding principals, investment committee members, or senior leadership team. The firm maintains a low public profile, and English-language financial media have not profiled its decision-makers. This opacity is not unusual among Chinese private capital firms operating outside major global LP fundraising circuits.

### Does Zhiyun Fund participate in co-investments alongside external GPs?

Zhiyun Fund's multi-strategy structure — combining direct buyout and venture investments with a fund-of-funds program — creates natural pathways for co-investment. Fund-of-funds relationships often generate direct co-investment deal flow that can be executed through the firm's direct strategies. However, the firm has not publicly detailed its co-investment posture or specific co-investment transactions.

## Related profiles

- [Zhiyue Investment Management](https://altss.com/profile/zhiyue-investment-management)
- [Zhong Shun Hong Fund Management](https://altss.com/profile/zhong-shun-hong-fund-management)

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

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