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Granite Asia: Multi-asset investment platform investing in Asia-Pacific venture capital and private equity for high-growth companies.
Granite Asia is a Singapore-based multi-asset investment platform, led by Senior Managing Partner Jenny Lee and Managing Partner Jixun Foo, with founding partner Thomas Ng serving on its advisory council. The firm specializes in venture capital and private equity investments, supporting high-growth companies across the Asia-Pacific region, encompassing Southeast Asia, Japan, China, India, and Australia. With a notable focus on consumer and technology sectors, its current leadership manages a combined portfolio of $5 billion USD. As of 2020, the firm's total assets under management (AUM) reached $9.2 billion, reflecting its significant scale. Granite Asia rebranded in 2024 from GGV Capital to reflect its expanded mission as Asia's leading multi-asset investment platform, following the original GGV organization's 2023 split into two independent firms. Founded in 2000 as Granite Global Ventures, the firm now exclusively targets Asian markets.
Key people at Granite Asia.
Granite Asia is a leading multi-asset investment platform headquartered in Singapore, focused on high-growth companies across Asia, particularly in consumer and healthcare sectors among others. Its mission is to fuel purposeful growth by crafting bespoke investment structures that help visionary founders and businesses scale in the fast-growing APAC region. The firm invests across five long-term themes including Consumer Growth & Transformation and Health Innovation & Wellness, leveraging a $5 billion asset base and a portfolio featuring 48 unicorns and 29 IPOs. Granite Asia combines capital with operational support and a strong network to accelerate growth and transformation in its portfolio companies[1][2].
Founded in 2000 as Granite Global Ventures (GGV) with offices in Singapore and Silicon Valley, the firm evolved over two decades into a major player in Asian venture capital. Key partners include Managing Partner Jenny Lee, notable for her leadership and recognition in the VC industry. In 2024, GGV Capital split its Asia and U.S. operations, leading to the rebranding of the Asian business as Granite Asia. This transition marked a strategic shift from a pure venture capital model to a multi-asset investment platform, expanding into private credit and hybrid equity-debt funding strategies. The firm’s footprint covers China, Southeast Asia, South Asia, India, Indonesia, Vietnam, and Japan, reflecting its broad regional focus[3][4][5].
Granite Asia rides the wave of Asia’s rapid economic growth, digital transformation, and rising consumer demand, particularly in healthcare and consumer sectors. The timing is critical as Asian startups stay private longer, requiring innovative financing solutions beyond traditional venture capital. Market forces such as increasing regional wealth, government support for tech innovation, and growing middle-class consumption underpin Granite Asia’s investment themes. By bridging capital gaps and providing operational expertise, Granite Asia plays a pivotal role in maturing the Asian startup ecosystem and enabling companies to scale globally[2][4].
Looking ahead, Granite Asia aims to deepen its multi-asset approach, including expanding private credit offerings and hybrid funding strategies like its Libra Hybrid Capital fund. The firm’s recent $1.2 billion mandate from the Indonesia Investment Authority highlights its growing influence in domestic tech markets. Trends shaping its journey include the continued rise of consumer tech, healthcare innovation, and sustainability in Asia. Granite Asia’s evolution from a venture capital firm to a comprehensive investment platform positions it to remain a cornerstone investor driving purposeful growth across Asia’s dynamic economies[4][6].
Key people at Granite Asia.
