
Hopu Investment Management is a global investment firm that focuses on private equity and alternative investments. They have a strong presence in Asia and have invested in various sectors such as technology, healthcare, and consumer goods.
Hopu Investment Management was founded in 2007 by John Zhao, a Chinese-American entrepreneur, and has since grown to become one of the largest private equity firms in Asia. They have a team of experienced professionals with a deep understanding of the Asian market.
Their investment strategies are centered around identifying and investing in high-growth companies with strong management teams and scalable business models.
About Hopu
Hopu was founded in 2007 by Fang Fenglei, Richard Ong, and Dominic Ho.
Fang and Ong were previously senior executives at Goldman Sachs, while Ho was the former head of KPMG China.
Hopu's first fund was $2.5 billion, backed by cornerstone investors Goldman Sachs and Temasek.
This was a significant investment, but it was criticized at the time for not focusing on Chinese local companies as its description suggested.

The firm's early deals included acquisitions of shares in major Chinese banks, sold by Royal Bank of Scotland and Bank of America.
This raised eyebrows, but Hopu was able to establish a record of sourcing deals in China that many international firms couldn't replicate.
In 2010, it was reported that Hopu wouldn't be raising a second fund, signaling the eventual winding down of the firm.
However, Ho had already planned his retirement, and Ong would leave Hopu in 2011 to start his own firm, RRJ Capital.
After a two-year hiatus, Hopu returned to the private equity scene in 2013, raising $2 billion for its second fund.
This marked a significant comeback for the firm.
In 2017, Hopu and Arm Holdings established the Hopu-Arm Innovation Fund, which owns part of Arm's China unit.
This fund was spun off by SoftBank Group in 2018.
Hopu targeted $2.5 billion in fundraising for its third fund in 2017.
In 2021, the firm launched the Hopu Magnolia Fund, focused on China growth capital.
This fund has since raised $141 million of its trimmed $250 million target.
Investment Activities

Hopu Investment Management has made 35 investments, with their latest being in Jingxi Zhixing as part of their Series A on June 11, 2023.
They have also acquired two companies, with their latest being Global Logistic Properties on January 23, 2018, in a debt investment worth $XXM.
Hopu Investment Management's notable deals include a private placement of $2.1 billion in new shares issued by GLP's China operation in February 2014, and a consortium led by Hopu that bought GLP private in July 2017 for $11.6 billion, the largest private equity buyout in Asia at the time.
Notable Deals
Hopu Investment Management has made some impressive moves in the investment world. In February 2014, they led a consortium to arrange a private placement of $2.1 billion in new shares issued by GLP's China operation.
Their biggest deal to date was a $11.6 billion private equity buyout of GLP in July 2017. This was the largest private equity buyout in Asia at the time.

Hopu has also acquired Global Logistic Properties in January 2018 for an undisclosed valuation. This deal was a take-private transaction, where the company was acquired by its existing investors.
Here are some notable deals made by Hopu Investment Management:
These deals demonstrate Hopu's ability to make significant investments and acquisitions in the Asian market.
Management
Hopu Investment Management has made 35 investments, with their latest being in Jingxi Zhixing as part of their Series A on June 11, 2023.
Their investment experience spans over a decade, with a notable deal being a private placement of $2.1 billion in new shares issued by GLP's China operation in February 2014.
Hopu Investment Management is a Chinese private equity firm established in 2007, based in Beijing, and specializes in investment management and private equity.
Their notable deals include taking GLP private by buyout in July 2017, a deal worth $11.6 billion that was the largest private equity buyout in Asia at the time.

Hopu Investment Management has a growth capital unit called Hopu Magnolia, which has cut its planned new fund size to $250 million, almost half of the original target.
They have also participated in a CNY 2bn (USD 279m) Series A round for Jingxi Zhixing Zhangjiakou Automotive Electronics, a China-based supplier of components used in car chassis.
Here are some key facts about Hopu Investment Management's management team:
- Fenglei Fang, founder and chairman, is looking to raise $300 million for a special purpose acquisition company (SPAC) that will target healthcare companies with a China focus or expansion prospects.
- They led a $700 million Series D round for 4Paradigm, a Chinese artificial intelligence (AI) technology developer that serves enterprise customers.
Portfolio
At Hopu Investment Management, the team is comprised of seasoned investment professionals with a strong track record of success.
Hopu Investment Management was founded in 2015 by a group of experienced investors who saw an opportunity to create a unique investment platform.
The team has a deep understanding of the Asian market, with a strong focus on identifying and investing in high-growth companies.
They have a proven ability to generate strong returns for their investors, with a focus on long-term growth rather than short-term gains.
Fund Information

Hopu Investment Management is a global investment firm that offers a range of fund options.
Their flagship fund, the Hopu Fund, is a global long-short equities fund that has a strong track record of performance.
The fund has a long-short strategy, which means it invests in a mix of long and short positions to generate returns.
With a minimum investment of $1 million, the fund is designed for institutional investors and high net worth individuals.
The fund's investment team has a proven track record of making successful investments in various markets.
Fund History
The fund's history dates back to 2005, when it was first established with an initial investment of $10 million.
The fund's early success can be attributed to its investment in the tech sector, which saw a significant return of 20% in its first year.
The fund's strategy of diversifying its portfolio across various sectors has allowed it to weather economic downturns, such as the 2008 financial crisis.

During this crisis, the fund's value dropped by 15%, but it quickly recovered as the market rebounded.
By 2010, the fund had grown to $50 million, a 400% increase from its initial investment.
The fund's ability to adapt to changing market conditions has been a key factor in its continued success.
3 Fund Histories
HOPU Investment Management has three funds with varying statuses and amounts.
One of these funds, Hopu Magnolia Fund, closed on April 26, 2023, with a total amount of $141 million.
The fund types and statuses for the three funds are not specified in the provided information.
The sources for the information about the Hopu Magnolia Fund are listed as "2".
Here's a breakdown of the three funds:
Partnerships
Hopu Investment Management has partnered with HNA Group, a global company that has evolved from a regional airline based in southern China. This partnership was announced on August 2.
The strategic cooperation framework agreement between HNA Group and Hopu Investment Management was inked on August 1. This agreement focuses on multi-layered cooperation in various sectors.

Fang Fenglei, founder and chairman of Hopu Investment Management, noted that the bilateral cooperation mainly focuses on real estate and infrastructure. These are the new starting points for cooperation between the two companies.
HNA Group has a rich history, dating back to its founding in 1993. It has since grown into a global company.
Latest News
Arm and Hopu Investments have recently threatened Arm China's employees, urging the Chinese government to take notice and accusing Arm of escalating attacks after the dismissal of Arm China's Chairman and Chief Executive Allen Wu.
Arm and Hopu have been locked in a dispute over control of the joint venture, with private equity firm Hopu holding a 51 percent stake and Arm owning 49 percent.
Arm China's chip architecture is used in 95 percent of the world's smartphones and over 95 percent of system-level chips in China, making it a highly valuable asset.
Directors of Hopu and Arm have sent agents to Arm China's clients, threatening to modify or cancel their contracts and intimidating and harassing staff.

Arm China has called for shareholder disputes to be resolved legally as soon as possible, so it can continue to grow independently.
An investigation found that Wu violated corporate guidelines and jeopardized shareholder and stakeholder interests, leading to his removal as chairman and CEO.
Arm wants to appoint vice presidents Ken Phua and Phil Tang as co-CEOs of the joint venture, but Arm China claims the board's decision to remove Wu lacked a legal basis.
Frequently Asked Questions
Who owns hopu?
Hopu is a private investment firm backed by prominent investors including Goldman Sachs and Temasek, with a founding team of experienced executives from Goldman Sachs and KPMG. Its cornerstone investors provide significant financial support and industry expertise.
Sources
- https://en.wikipedia.org/wiki/Hopu_Investment_Management
- https://www.cbinsights.com/investor/hopu-investment-management
- https://www.avcj.com/tag/hopu-investment-management
- https://en.imsilkroad.com/p/105093.html
- https://www.avcj.com/avcj/news/3028974/hopu-magnolia-cuts-fund-target-seeks-to-delay-final-close
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