Puhua Capital is a Chinese venture and private equity manager operating under the legal entity 浙江普华天勤股权投资管理有限公司 (Zhejiang Puhua Tianqin Equity Investment Management Co., Ltd.) and based in Hangzhou. Chinese-language coverage of the firm's 20th anniversary describes it as organised into investment groups created in 2015 for technology, healthcare and culture/consumer (the last run under the 头头是道 fund brand), with a new energy and new materials group added later. PEDaily's institution profile describes a continuing focus on new technology, healthcare, new consumption and new energy. The firm is reported to invest from early stages onward; partner 吴晓丰 is quoted saying that for early-stage projects it takes 15-20 percent in principle. This thesis is assembled from Chinese media and database profiles because the firm's own website was unreachable from this session - see notes.accessLimits.
US$3.8B+ (approx.; the firm's figure is over RMB 27 billion of managed asset scale, 管理资产规模超270亿元, reported April 2024 - no USD figure is published by the firm) AUM74/100 Power Score™2004 FoundedHangzhou, China
Hard TechHealthcareConsumerMediaClean EnergyAdvanced Manufacturing
Cao Guoxiong and founding managing partner Shen Qinhua start the business on 8 April 2004 in Hangzhou under the name 普华投资 (Puhua Investment), per Tencent News' 20th-anniversary feature.
2011
The management company 普华天勤 (Zhejiang Puhua Tianqin Equity Investment Management Co., Ltd.) is established; 36Kr records 2011 as the organisation's establishment year.
2015
Investment teams are split into technology, healthcare and culture/consumer groups, and 头头是道 (Toutoushidao) is set up with financial author 吴晓波 (Wu Xiaobo) to cover culture and new consumption.
2019
浙能普华 (Zheneng Puhua) is formed through the mixed-ownership reform of Zhejiang Energy Power (浙能电力).
2024
At its 20th anniversary the firm is reported to have managed asset scale of over RMB 27 billion (超270亿元) across 450 projects under management.