SAIF
Growth equityBeijing · Seed–Growth
Investment thesis
SAIF emphasizes local, long-term partnership with entrepreneurs across the Asia Pacific region, positioning itself as an active lead investor. It focuses on growth investing, backing established sector leaders in fast-growing markets, emerging industry leaders, and cross-border opportunities that leverage comparative advantages between countries. The firm generally seeks cash-flow-positive market leaders but will also fund promising early-stage companies with strong competitive advantages that help define new spaces. It opportunistically invests in undervalued publicly-listed companies and special situations, following a disciplined, value-based approach. SAIF typically takes significant minority stakes and board seats to work closely with management on value creation, drawing on a blend of international experience and local knowledge in China.
Source: firm website, verified Aug 6, 2026.
What they invest in
from 2 of 2 portfolio companiesAI & Machine Learning ×2Developer Tools ×1Enterprise Software ×1Fintech ×1
HQs:United States×2
Investments · 2 tracked
founders shown can be your intro path
Theorem LP prices and purchases loan volume across multiple originators, connecting borrowers with credit access, originators with capital, and investors with loan evaluation data.
AI & Machine LearningFintechSan Francisco, US
Abeer Agrawal(Founder/CTO)inHugh Edmundson(Founder/Managing Partner)in
Co-investorsY CombinatorHalcyonKhosla Ventures
Theorem.dev provides verified software engineering through lf-lean, an AI-powered translation tool that converts formal mathematical proofs from Rocq to Lean significantly faster than manual translation.
AI & Machine LearningDeveloper ToolsEnterprise SoftwareSan Francisco, US
Jason Gross(Founder)inRajashree Agrawal(Founder)in
Co-investorsY CombinatorHalcyonKhosla Ventures
Portfolio news
latest coverage across their companies
Theorem · radicaldatascience.wordpress.com · Jan 27, 2026
Theorem · radicaldatascience.wordpress.com · Jan 27, 2026
Fund performance · per public LP disclosures · 2
as of Jun 2025| Fund | Vintage | Committed | Net IRR | TVPI | DPI |
|---|---|---|---|---|---|
| SAIF Partners IV L.P.LPs: California Public Employees' Retirement System, Empire State Development – New York Ventures, Robert Wood Johnson Foundation | 2010 | — | 4.0% | 1.37x | 0.81x |
| SAIF Partners III L.P.LPs: California Public Employees' Retirement System, Empire State Development – New York Ventures, John D. and Catherine T. MacArthur Foundation +2 more | 2007 | — | 6.0% | 1.74x | 1.24x |
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 SAIF invest at?
- SAIF invests at the Seed, Series A, Growth stages.
- What is SAIF's typical check size?
- SAIF typically writes checks of $10M – $100M.
- What sectors does SAIF focus on?
- SAIF focuses on Sector Agnostic.
- Where is SAIF located?
- SAIF is headquartered in Beijing, CN.
- Does SAIF lead rounds?
- Yes, SAIF leads investment rounds.
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