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Growth Equity

AIF Capital

AIF Capital takes minority stakes in growing companies, usually without full control, from Hong Kong. It states a focus on healthcare & life sciences, transportation & logistics and environmental & safety.

Disclosed holdings14
Earliest stated investment2026
HeadquartersHong Kong
Largest single fundNot stated

Stated investment criteria

What AIF Capital says it buys

Read from AIF Capital’s own website in August 2026. This is what the firm says it buys, not what anyone has recorded it buying, and figures are shown in the currency the firm itself used - nothing here is converted. Every line links to the page it was read from.

Transaction typesGrowth1
OfficesHong Kong2

A stated mandate is a firm’s description of itself and was true of the page on the day it was read; firms widen and narrow what they will look at without updating the site. AIF Capital states that it will take either a controlling or a minority stake. Nothing here is a commitment by AIF Capital to consider any particular business, and nothing on this page is represented as being for sale.

Regulatory record

How AIF Capital is registered

From this firm's Form ADV, the annual filing every registered and exempt investment adviser makes to the SEC.

Adviser statusExempt reporting adviser
Regulatory assets under managementNot reported by an ERA
Private funds advised1 · $175m gross
SEC adviser numberCRD 294572

An exempt reporting adviser is not required to report regulatory assets under management, so the blank above means the question was not asked rather than that the answer is unknown. Where a figure exists it is the gross asset value of the private funds the firm advises, which is a different and usually larger measure.

Portfolio

Disclosed holdings

Companies AIF Capital lists on its own website. 1 carry a stated investment year. 1 has a recorded transaction against it in the deal archive.

CompanyInvestedYears heldRecorded transaction
CMR Green Technologies20260
Ao Feng Hi Tech
Bestime Pharma
Bharti Airtel
Buchang
CN Innovations
Cmr Green Technologies Limited Cmr
Famy Care$750m 2015
Jiangsu Aosheng Composite Materials
Meiya Power
Rochdale Spears Group
Rochdale Spears Group Rochdale
X Fiper New Materials X Fiper
X-FIPER New Materials

Compiled from AIF Capital’s published portfolio page. Where a recorded transaction is shown, that company was the target of a reported deal and has most likely already been realised. Nothing here is represented as being for sale.

Recorded transactions

Buying and selling

Deals in which AIF Capital is named as buyer or seller in the transaction archive. 1 recorded exit, most recently in 2015.

CompanySideCounterpartyYearConsideration
Famy Care Ltd.SoldViatris2015$750m

Compiled from a transaction archive of 10,204 recorded deals. Most private transactions are never disclosed, so this is a sample of a firm’s activity rather than a complete record of it.

Valuation context

Transaction values in Healthcare & Life Sciences

What companies have actually sold for in healthcare & life sciences, across 1,263 recorded transactions.

Median consideration$110m
Middle 50%$30m-$318m
Revenue multiple2.8×
EBITDA multiple12.5×

The full healthcare & life sciences picture - most active acquirers, recent transactions and every investor in the sector.

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Comparable investors

Similar mandates

Other growth equity investors active in healthcare & life sciences.