Primavera Capital Group is a global investment firm based in the Asia-Pacific region, established in 2010 by Fred Hu. With offices in Hong Kong (headquarters), Beijing, Shanghai, Singapore and Palo Alto, it manages both RMB and USD funds on behalf of institutional investors such as insurers, pension plans and university endowments. The firm aims to connect global capital with emerging champions across the Asia-Pacific, promoting entrepreneurship and innovation while pursuing positive social impact. Led by Hu’s thought leadership in forums like the World Economic Forum and the Milken Institute Global Conference, Primavera secured a fifth-place ranking among Asia’s private equity firms in the 2024 PEI 300 list.
Focused on sectors including technology, consumer services, education and sustainability, the firm blends macroeconomic trend analysis with detailed bottom-up financial review. Its flexible capital solutions range from growth equity and buyouts to control positions and minority stakes, adapting to each company’s development stage. Through long-term collaborations, Primavera supports governance enhancements, operational improvements and expansion strategies in companies positioned for rapid growth.
Clean technology and battery innovation are central to Primavera’s strategy. The firm backed Adden Energy’s Series A round for solid-state battery development and supported ProLogium Technology’s efforts to scale production of advanced cells. A stake in Zhuhai CosMX Battery Co reinforces its exposure to lithium-ion manufacturing. A $600 million commitment to Envision Group and its AESC battery subsidiary underscores a focus on wind energy, energy storage and electric vehicle battery systems. Investments in XPeng Auto, NIO Auto and mobility provider Hello Inc further demonstrate its emphasis on electrification and low-carbon transport solutions.
