ADV Partners
Private equityHong Kong · Growth · 21 people tracked
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 6, 2026.
Team · 21 people
from the firm's websiteInvestments · 24 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.
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).
A global category leader in specialty flooring material with a multinational supply chain and strong R&D capabilities.
One of the largest independent eye-care chains in India, with a presence in Africa and Southeast Asia (exited).
A leading liquid waste management company in Hong Kong, active in portable toilets, sewage management, and mechanical street cleaning.
The largest toy manufacturer in India, focused on manufacturing and exporting.
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.
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
- 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.