HSG

Written by TEAM CHASM

Published
Category
The Boardroom
Subcategory
The VC Vault
Featured article: HSG

HSG, formerly Sequoia Capital China, is one of Asia’s largest VC/PE platforms with $55B+ AUM and a global office footprint. Its investment mandate spans tech, health, and consumer sectors, with capacities ranging from growth equity to outright acquisitions—such as the €1.1B acquisition of Marshall. This broad spectrum of investment means HSG competes in both VC and large-scale private equity, shaping market transitions at scale.

Location:

Hong Kong, with offices across Mainland China, London, Tokyo, Singapore


Fund Size:

Manages over $55 billion in assets across VC and private equity funds


Average Check:

Capable of large-scale investments; e.g., acquisition of Marshall Group for €1.1 billion, signaling major-cap transaction capability


Stage Focus:

Growth equity, late-stage VC, and full buyouts, across technology, healthcare, and consumer sectors


Household Brands:

(Not specified in sources; the firm's global presence and sizeable AUM suggest backing many prominent firms)


Contact:

Douglas Leone (Partner) d.leone@hsgcap.com

Cen Wang (Partner) c.wang@hsgcap.com

Resources

WEBSITE

Here's their Linkedins:

Douglas Leone (Partner)

Cen Wang (Partner) (NA)

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