What stage does New Alliance Capital invest at?

New Alliance Capital invests at the Seed, Series A, Series B, Series C, Growth, Late Stage stages.

Where is New Alliance Capital located?

New Alliance Capital is headquartered in Shanghai, CN.

New Alliance Capital

Private equity

Shanghai · Seed–Late Stage · 25 people tracked

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Find your way into New Alliance Capital

397 people in our graph share verified history with the New Alliance Capital team — schools, employers, funds. One of them is your warm intro.

John Keiltyunlockedknows Jun Shi · together at Brandeis University (overlapped)

×6knows the team · via Brandeis University

×2knows the team · via Columbia University

knows the team · via Shanghai Jiao Tong University

knows the team · via Southwestern University of Finance and Economics

knows the team · via Carnegie Mellon University - Tepper School of Business

✨ Fox Verdict

Investment thesis

New Alliance Capital invests across information technology, healthcare, and future/frontier technology, backing companies at early, growth, and mature stages. Rooted in hard-tech industries, the firm emphasizes value-added services, drawing on its team's experience in state-enterprise restructuring, private venture investing, and multinational localization. It leverages industry and research resources to provide financial and strategic support to Chinese companies and entrepreneurs, aiming to nurture industry leaders with international competitiveness. The firm has completed over 150 investments, with more than 30 portfolio companies listed publicly, and manages multiple funds with cumulative assets exceeding RMB 17 billion.

Invests inAI & Machine Learning Biotech Consumer Data & Infrastructure Deep Tech Digital Health Energy Enterprise Software Fintech Healthtech Media & Entertainment Medical Devices New Materials Retail Tech SaaS China Shanghai

Source: firm website, verified Aug 3, 2026.

Stage

Seed–Late Stage

Shanghai, CN

Instruments

Equity

Founded

2008

AUM

$2.4B

Tracked investments

Team · 25 people

from the firm's website & public directories

Liefeng Qu· Chairman and Founding Partner

Jun Shi· New York, New York, United Statesin

Jun Shi is a graduate of Renmin University of China currently pursuing an M.S. in Operations Research at Columbia University. He has completed internships in the financial services industry at CITIC Securities, China Securities, and KPMG, including work on the IPO of a manufacturing enterprise. His technical skills include Python, Java, R, SQL Server, and SAS, along with statistical methods such as time series analysis and multivariate regression.

Lei Cai

Mengfei Xiong· Shanghai, Chinain

Mengmeng Xi

Miao Li· Xuhui District, Shanghai, Chinain

Nan Zhang· Chinain

Nan Zheng· New York, New York, United Statesin

Xiangrong Liu

Yan Zhou· New York, New York, United Statesin

Zheyu Wang· New York, New York, United Statesin

Zheyu Wang is a Partner and CTO at Everest Ventures Group (EVG). His technical background includes full-stack development using languages and frameworks such as Java, Python, Rust, Golang, Kotlin, React Native, Solidity, Move, and Solana. He has worked across areas including blockchain, distributed systems, advertising technology, fintech, and e-commerce platforms.

Zihao Xu

Zijiao Wang

Zonghe Wu

What they invest in

from 2 of 2 portfolio companies

Biotech ×2AI & Machine Learning ×1Deep Tech ×1Healthtech ×1

HQs:United States×1

Investments · 2 tracked

founders shown can be your intro path

Arnatar Therapeuticsarnatar.com in 𝕏

Arnatar develops a next-generation RNA discovery platform called DARGER that combines gene silencing and gene upregulation technologies for oligonucleotide therapeutics.

AI & Machine LearningBiotechDeep Tech

Dr. Xuehai Liang(Founder)Dr. Yanfeng Wang(Founder & Chief Operating Officer)

Co-investors3E Bioventures Capital F-Prime Capital Apricot Capital Eight Roads Ventures Gaorong Ventures Legend Star

Eccogeneeccogene.com inJun 2023

Eccogene is a clinical-stage biopharmaceutical company developing oral small molecule therapeutics for cardiometabolic and inflammatory conditions, including obesity, type 2 diabetes, and liver disease.

BiotechHealthtechCambridge, US

Jingye Zhou(Founder)in

Co-investorsDelos Capital

Portfolio news

latest coverage across their companies

Top 5 Companies Likely to Transact (August 18, 2026)

Arnatar Therapeutics · dakota.com · Aug 18, 2026

Frequently asked questions

What stage does New Alliance Capital invest at?: New Alliance Capital invests at the Seed, Series A, Series B, Series C, Growth, Late Stage stages.
What sectors does New Alliance Capital focus on?: New Alliance Capital focuses on AI & Machine Learning, Biotech, Consumer, Data & Infrastructure, Deep Tech, Digital Health, Energy, Enterprise Software, Fintech, Healthtech, Media & Entertainment, Medical Devices, New Materials, Retail Tech, SaaS.
Where is New Alliance Capital located?: New Alliance Capital is headquartered in Shanghai, CN.

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