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ADV Partners

Private equity

Hong Kong · Growth · 21 people tracked

Also known as ADV PARTNERS CAPITAL MANAGEMENT LTD.

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Investment thesis

ADV Partners pursues a pan-regional Asian private equity strategy, identifying and creating investment opportunities across a range of industry sectors in Asia. The firm aims to add value to its investments while achieving attractive risk-adjusted returns, drawing on a team with significant experience through multiple Asian market cycles. Its presence spans Hong Kong, Singapore, Shanghai and Mumbai, and it is led by three founding partners, with much of the team having worked together previously.

Source: firm website, verified Oct 13, 2026.

Stage
Growth
HQ
Hong Kong, HK
Instruments
Equity
Founded
2013
Private fund assets
$523.7M
Tracked investments
22

Team · 21 people

from the firm's website
Brad Landes· Managing Partner

Co-founder of ADV with over 35 years of financial markets experience. Previously Managing Director and Deputy Head of Asia at Mount Kellett Capital, and held senior trading roles at J.P. Morgan, Citicorp and Bear Stearns.

Jianyi Zhu· Managing Partnerin

Co-founder of ADV with over 25 years in finance. Formerly Managing Director and Head of Greater China at Mount Kellett Capital and Deutsche Bank, and a founding member of Goldman Sachs Asia Special Situations Group's China team.

Andrew Lam· Partner & General Counselin

Finance lawyer with over 25 years of experience. Previously Counsel at Paul Weiss and held senior legal roles at J.P. Morgan in Hong Kong; qualified in Hong Kong and England & Wales.

Arun Kumar· Partner & Chief Operating Officer

Oversees finance, legal, compliance, risk, HR, IT and operations with over 25 years in financial services. Previously COO-MENA at PineBridge Investments and Operations Director Asia at 3i Investments.

Alex Luk· Vice President & Legal Counselin

Legal professional with over 8 years across M&A, private equity and capital markets. Previously an Associate at Fangda Partners and seconded to Alibaba Group as legal counsel.

Ashwini Patil· Compliance Officer
Bryce Ong· Analyst, Operationsin

Began his career with ADV; holds a Bachelor of Business in Economics and Finance from the Singapore Institute of Management.

Cheng Xi Lee· Associate, Finance

Began his career as a Corporate Tax Associate at Ernst & Young Singapore; holds an accountancy degree from the National University of Singapore.

Chloe Lee· Director, HR & Technologyin

Leads HR and IT functions with over 15 years in human resource management. Previously VP, Human Capital at Fullerton Fund Management.

Daniel Guo· Vice Presidentin

Has over 8 years of financial services experience. Previously worked at Goldman Sachs in Singapore.

Elynn Thia· Vice President, Finance

Finance professional with over 10 years in financial services. Previously with SS&C and PricewaterhouseCoopers Singapore; a Chartered Accountant and FCCA.

Helen Kwan· Director, Investor Relations

Investor relations professional with over 14 years in financial services. Previously VP, Investor Relations at Kerogen Capital, with prior roles at Ward Ferry, Moelis & Company and Goldman Sachs.

John Malliris· Managing Director

Leads ADV's Southeast Asia coverage with over 25 years in finance. Formerly an Executive Director in J.P. Morgan's Asia Special Situations Group and a Director at Asia Mezzanine Capital.

May Ho· Director, Risk & Compliancein

Risk and compliance professional with over 20 years in financial services. Previously VP at UOB Asset Management and VP of Regional Operations at ADV Partners.

Naveen Sivaambihaibalan· Director, Financein

Responsible for financial reporting, control and fund administration with over 20 years in financial services. Previously Director, Fund Services at Ocorian Fund Solutions.

Nelson Wei· Director

Covers the China market with over 16 years in financial services. Previously Executive Director and Head of Greater China at 3M, with prior roles at Clarity Partners, Crosslink Capital, Jefferies and Google.

Nilay Doshi· Principal Officer
Ong Wei Yi· Analyst

Has over 3 years of investment experience from Pavilion Capital in Singapore before joining ADV; holds an engineering degree from the Singapore University of Technology and Design.

Philip Chen· Vice President

Investment and asset management professional with over 12 years of experience. Previously Senior VP of Investments at FountainVest Partners, with earlier roles at CITIC CPE and CIMC Group.

Priya Jatia· Vice President

Has over 7 years in financial services, previously at Piramal Pharma and Ambit. A Chartered Accountant and Company Secretary with an MBA in Finance from XLRI.

Wang Diyang· Analyst

Has over 5 years in finance, starting at PricewaterhouseCoopers and later a Senior Investment Analyst at Proterra Investment Partners; holds a Master of Science in Finance from Washington University in St. Louis.

What they invest in

from 8 of 22 portfolio companies

Advanced Manufacturing ×4Consumer ×3Healthtech ×3Enterprise Software ×2Medical Devices ×2New Materials ×2B2B Marketplaces ×1Biotech ×1

HQs:India×4China×3Hong Kong×1

Investments · 22 tracked

founders shown can be your intro path
Essasiaessasia.com✓ verified

Hong Kong-based liquid waste management and sanitation company providing portable toilets, sewage management, and mechanical street cleaning services to commercial, government, and events sectors.

Circular EconomyCleantechImpact & Social GoodLogistics & Supply ChainHong Kong, HK

Aihgroupaihgroup.net

AHI Group operates aesthetic medical hospitals and clinics in China, providing cosmetic surgery and aesthetic medicine services through facilities in Shenzhen and other locations.

HealthtechMedical DevicesWellness & FitnessGuangzhou, CN

Dr. Zhou Pengwu(Chairman of the Board of Directors and Chief Executive Officer)

Amberambergroupindia.comin

Amber Group is a diversified B2B manufacturer operating across consumer durables (HVAC solutions), electronics (PCB and PCB assembly), and railway subsystems with defense applications.

Advanced ManufacturingConsumerDefense TechEnterprise SoftwareHardwareIndia, IN

Jasbir Singh(Chief Executive Officer & Whole Time Director)Daljit Singh(Managing Director and Co-Promoter)

Co-investorsStride Ventures

CFL Flooringcflflooring.comin

CFL develops, manufactures, and markets sustainable flooring products for customers worldwide.

Advanced ManufacturingConstruction TechConsumerNew MaterialsShanghai, CN

Dr Agarwals Eye Hospitaldragarwal.comin𝕏

Dr Agarwal provides eye care services and treatments, including advanced technology-based procedures for patients.

HealthtechMedical Devices

Ehsyehsy.com

Xiyuism Commerce operates an industrial B2B marketplace platform that uses location-based matching to connect suppliers and buyers for industrial components, tools, and materials.

B2B MarketplacesE-commerceEnterprise SoftwareShanghai, CN

Microplasticsmicroplasticsindia.comin

Micro Plastics Pvt Ltd (MPPL) is a contract toy manufacturer and exporter operating plants in Bangalore and Hosur, India, with injection, roto, and blow molding machines plus spray booths and a darts manufacturing line.

Advanced ManufacturingConsumerNew MaterialsBangalore, IN

Vijendra Babu(Promoter/Founder)in

Co-investorsPremji Invest

Q Collectionqcollection.com.sgin

A Singapore-headquartered apparel manufacturing group producing for top European fashion companies.

Tarsonstarsons.comin𝕏

Tarsons manufactures a range of plastic labware products for life sciences research, including bottles, flasks, centrifuge ware, cryo labware, and liquid handling systems.

Advanced ManufacturingBiotechDeep TechHealthtechKolkata, IN

B. L. Reddyin

Other

Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.

Aesthetic Medical InternationalAmber EnterprisesArjasArjas SteelCFL TechnologiesDr. Agarwal's HealthcareEnvironmental Services SolutionsHoneymoon DessertTalent Port LimitedTarsons ProductsUniversal EducationWanxueXiyu Supply Chain

Fund performance · per public LP disclosures · 2

as of Mar 2025
FundVintageCommittedNet IRRTVPIDPI
ADV Opportunities Fund II, LPLPs: Empire State Development – New York Ventures2018——0.75x0.03x
ADV Opportunities Fund ILPs: Empire State Development – New York Ventures, Pennsylvania Public School Employees' Retirement System2015——1.29x1.10x

Source: public limited-partner disclosures (CalPERS, CalSTRS). Net IRR / TVPI / DPI as reported by the limited partner; a fund's early-year IRR is an interim estimate (J-curve).

Frequently asked questions

How many investments has ADV Partners made?
ADV Partners has 22 tracked investments.
What stage does ADV Partners invest at?
ADV Partners invests at the Growth stage.
What sectors does ADV Partners focus on?
ADV Partners focuses on Sector Agnostic.
Where is ADV Partners located?
ADV Partners is headquartered in Hong Kong, HK.

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