Hidden Hill Capital, a prominent pan-Asian private equity manager supported by GLP Capital Partners (GCP), has announced the final close of the Hidden Hill PE RMB Fund II, securing RMB 8 billion in capital commitments.
Building on the success of RMB Fund I launched in 2018, HH PE RMB Fund II will invest in growth-stage companies, emphasizing modern logistics services, digital supply chain, renewable energy, and related technologies.
The fund garnered robust support from a diverse range of existing and new limited partners (LPs), including insurance companies, corporate VC firms, and fund of funds.
Teresa Zhuge, President of GCP China, noted, “Hidden Hill Capital is recognized as a specialist PE manager tapping into unique insights and resources from GLP’s deeply rooted ecosystem. We look forward to collaborating with investors to identify and empower the latest technologies shaping the future of the New Economy.”
Higashi Michihiro, Managing Partner of Hidden Hill, expressed gratitude for the strong LP support, emphasizing the commitment to advancing their proven strategy of leveraging deep insights into modern logistics and supply chain ecosystems for long-term value creation.
Richard Dong, Managing Partner of Hidden Hill, highlighted the market’s evolution over the past two decades, citing successful investments in robotics, autonomous driving, renewable energy, and logistics technology players.
With the closing of HH PE RMB Fund II, Hidden Hill oversees $4 billion in assets under management across both RMB and USD private equity strategies. The firm has a strong track record of partnering with entrepreneurs and management teams in China and Asia to drive new growth and unlock long-term value.
Since 2018, Hidden Hill Capital has invested in around 100 companies in digital supply chain and logistics technology, including COSCO Shipping Logistics, China Southern Airlines Logistics, Ouyeel, Sany eTrucks, Farizon Auto, J&T Express, Zongteng Group, G7, Inceptio Technology, LiBiao Robot, SEER, and more. Recognized by Private Equity International as one of the largest China-headquartered managers, Hidden Hill has been named by Private Equity Real Estate as the world’s second-largest PropTech manager from 2021-2023.
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By Proptechbuzz
By Ravi Kumar
