ADV Partners
Private equityHong Kong · Growth · 21 people tracked
Also known as ADV PARTNERS CAPITAL MANAGEMENT LTD.
Investment thesis
ADV Partners pursues privately-negotiated investment opportunities with high-growth potential in Asia's mid-market corporate segment. Positioning itself as a value investor with a long-term capital base, the firm seeks to generate superior returns and unlock value in its portfolio companies through capital, operational and managerial improvements. It emphasizes alignment of interests with company promoters and management teams, and considers strong environmental, social and corporate governance practices fundamental to sustainable business success. The firm operates a fully-integrated regional platform across four key Asian hubs and is guided by principles of nimbleness and flexibility, transparency, and trusted partnership.
Source: firm website, verified Aug 25, 2026.
Team · 21 people
from the firm's website
What they invest in
from 8 of 22 portfolio companiesAdvanced Manufacturing ×4Healthtech ×3New Materials ×2B2B Marketplaces ×1Biotech ×1Circular Economy ×1Cleantech ×1Construction Tech ×1
HQs:India×4China×2
Investments · 22 tracked
founders shown can be your intro pathOne of the three largest aesthetic hospital groups in China, offering surgical aesthetic, micro-surgery and laser services.
AIH ("Peng'ai" in China) provides aesthetic medical services through treatment centers across major mainland Chinese cities, with a focus on the Guangdong-Hong Kong-Macau Greater Bay area and the Yangtze River Delta.
HealthtechWellness & Fitness
One of India's largest ODM/OEM manufacturers of white goods, focused on air conditioning units and washing machines (exited).
A fully integrated specialty steel manufacturer supplying Special Bar Quality steel to the Indian automotive industry (exited).
CFL (Creative Flooring Solutions) develops, manufactures, and markets sustainable flooring products, selling to retail groups and distributors worldwide.
Advanced ManufacturingConstruction TechNew Materials
A global category leader in specialty flooring material with a multinational supply chain and strong R&D capabilities.
Dr Agarwal provides eye care services and treatments, including advanced technology-based procedures for patients.
HealthtechMedical Devices
One of the largest independent eye-care chains in India, with a presence in Africa and Southeast Asia (exited).
EHSY (operated by 西域智慧供应链（上海）股份公司) is a Chinese B2B e-commerce platform for procurement of industrial and MRO supplies.
B2B MarketplacesE-commerceEnterprise SoftwareShanghai, CN
A leading liquid waste management company in Hong Kong, active in portable toilets, sewage management, and mechanical street cleaning.
ESS provides liquid waste management, sanitation, and hygiene services—including portable toilets, sewage and grease trap desludging, drain cleaning, and mechanical road sweeping—for government agencies and businesses across a range of industries.
Circular EconomyCleantech
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)
Co-investorsPremji Invest
A Singapore-headquartered apparel manufacturing group producing for top European fashion companies.
A leading Chinese dessert restaurant chain under the 'Honeymoon' brand, focused on fast casual dining.
Tarsons Products Limited is an Indian manufacturer and supplier of plastic labware for the life sciences industry, including disposable labware, centrifuge-ware, cryo-labware, tissue culture ware, liquid handling systems, safety products, and instruments.
Advanced ManufacturingBiotechHealthtech
A leading Indian manufacturer of consumable equipment for laboratory, diagnostic and hospital use.
A Chinese adult education company focused on post-graduate exam tutoring and vocational training.
A leading one-stop online MRO industrial supply chain solutions provider in China serving blue-chip enterprises.
Fund performance · per public LP disclosures · 2
as of Mar 2025| Fund | Vintage | Committed | Net IRR | TVPI | DPI |
|---|---|---|---|---|---|
| ADV Opportunities Fund II, LPLPs: Empire State Development – New York Ventures | 2018 | — | — | 0.75x | 0.03x |
| ADV Opportunities Fund ILPs: Empire State Development – New York Ventures, Pennsylvania Public School Employees' Retirement System | 2015 | — | — | 1.29x | 1.10x |
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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