The Largest Venture Capital Firms in Asia

Asia's biggest venture investors are ranked here by total assets under management or capital raised, drawn from firm disclosures and 2025-2026 reports. SoftBank's Vision Funds sit first with more than $100 billion in capital, a scale no conventional venture firm approaches. Hillhouse Investment, the Singapore-based crossover house, manages an estimated $100 billion across private equity, growth, and public strategies, with venture run through its GL Ventures arm. The largest dedicated venture platform is HongShan, the former Sequoia China, which reports more than $61 billion in assets as of April 2026, per the firm, built on more than 1,700 portfolio companies, 180-plus IPOs, and 140-plus unicorns. IDG Capital, a pioneer of China's technology investing, rounds out the leaders at roughly $20 billion.

Two structural stories run through the table. The first is the break-up of Sequoia Capital's global partnership, which left its Chinese and Indian arms, HongShan and Peak XV Partners, as fully independent firms. HongShan now ranks as Asia's largest dedicated venture platform, while Peak XV has made more than 450 investments across India and Southeast Asia and recently raised $1.3 billion in new funds. The second is how little of the region's capital sits in classic venture structures: Hillhouse, CDH, and IDG all blend private equity, growth, and crossover books, and China's managers typically run parallel dollar and renminbi fund families. Reporting reflects that mix. Figures combine USD and RMB vehicles across different dates, and several entries are estimates rather than audited numbers.

For all the churn in Chinese technology, Asia is now the world's largest pool of venture capital. Asian venture funds managed $1.7 trillion in 2025, ahead of North America's $1.2 trillion, per the World Economic Forum's 2026 venture capital report, the product of assets growing twenty-one-fold between 2011 and 2022. Deal activity has turned as well. Venture-backed companies across Asia raised $31.8 billion in the first quarter of 2026, spread over 2,724 deals, a twelve-quarter high and up from $26.2 billion the quarter before. Global venture investment hit a record of roughly $330.9 billion in the same quarter, and Asia's AI megadeals were a major contributor. The firms above are where that capital concentrates; each links to its Altss profile, which tracks leadership, funds, and deal activity.