Hillhouse Investment
About Hillhouse Investment
Hillhouse Investment Management Ltd. was founded in 2005 by Lei Zhang, who is its founder and chairman. Public accounts say the firm began with global public equity investments, seeded by the Yale University endowment. Wikipedia lists reported assets under management of US$100 billion as of December 2025. Press reports say the firm raised US$18 billion for its fifth flagship private equity fund in 2021, and a 2025 report said it was planning an US$8 billion buyout fund. LinkedIn names Luke Li as Founding Partner. Shizune, a third-party tracker, lists Michael Yi and David Rhee as partners.
No public source found names a dedicated AI venture fund or an AI-focused partner at the Singapore firm. Its most visible AI-related activity is TeraNova DC, a data-centre platform set up by the firm that plans to deploy US$12 billion to US$15 billion in India by 2032. It targets more than 2 gigawatts of capacity and concentrates on hyperscale and AI-ready infrastructure, with Sanjay Bhutani as chief executive. Separately, Baidu's encyclopedia entry says Hillhouse Venture Capital, also called GL Ventures and part of the wider Hillhouse Group, completed more than 60 investments in the first quarter of 2026, mainly in embodied intelligence and AI hardware. That entry describes a China-focused arm, so those deals should not be read as the Singapore firm's own record.
Public sources do not disclose check sizes or the stages in which the firm typically participates. One third-party profile describes the firm as investing across the full business lifecycle through private equity, growth equity and venture capital, with sector focus on consumer, healthcare, technology and financial services.
- en.wikipedia.org/wiki/Hillhouse_Investment
- caproasia.com/2025/02/11/asia-private-equity-firm-singapore-based-hill
- cxodigitalpulse.com/singapore-based-hillhouse-launches-teranova-dc-wit
- baike.baidu.com/en/item/Hillhouse%20Group/936445
- goldi.ai/intelligence/vc/hillhouse-investment
- shizune.co/investors/profile/hillhouse-investment
- sg.linkedin.com/company/hillhouse-group
- gic.com.sg/event-speakers/lei-zhang
Investing activity
Hillhouse Investment is listed on AI Lounge as a venture capital investor based in Singapore, Singapore. The deals desk records Series A and later AI rounds and seeds over $10M, so smaller checks may not show here yet.
Deals
Frequently asked questions about Hillhouse Investment
Who founded Hillhouse Investment?
Lei Zhang founded the firm in 2005 and serves as its founder and chairman. Public accounts say it started with global public equity investments.
How much capital does Hillhouse Investment manage?
Wikipedia reports assets under management of US$100 billion as of December 2025. Press reports cite an US$18 billion fifth flagship private equity fund raised in 2021.
Does Hillhouse Investment invest in AI startups?
No public source found names a dedicated AI fund. Its AI-related activity includes TeraNova DC, a data-centre platform for AI-ready infrastructure in India, and an affiliate reportedly invests in AI hardware in China.
What stages does Hillhouse Investment invest in?
Public sources do not disclose check sizes or round-level participation. One third-party profile describes investments across private equity, growth equity and venture capital.
Where can founders find Hillhouse Investment online?
The firm's LinkedIn page is listed on this profile. No official X account turned up in public sources.
Where is Hillhouse Investment based?
Hillhouse Investment is based in Singapore, Singapore.
How can founders reach Hillhouse Investment?
Founders on AI Lounge can see Hillhouse Investment's contact details in AI Investor Contacts (paid plans), check for a warm introduction through members who worked with the firm under Warm Paths, and add Hillhouse Investment to their Investor Pipeline to track the conversation.