ZQ Capital

Cross-Border Asian Private Equity

About Us

ZQ Capital is a cross-border private equity firm founded in 2016 by Simon Shen. The firm is registered with the Hong Kong regulatory authorities and has investment professionals working across the region. To date, ZQ Capital has executed over USD 800 million of transactions, the majority of which are fully exited.

Investment Strategy

ZQ Capital invests in late-stage companies that are market leaders in their "home country" (usually Western and/or developed markets) with good financial and operational fundamentals, but underdeveloped or underperforming Asian businesses.

Asian value creation is the main catalyst for investment with the goal to provide our investors with a balanced investment approach, where they can benefit from superior economic upside associated with Asian markets while being protected on the downside through the existing businesses and legal framework of their "home country".

As lead or co-lead investor, we seek meaningfully influential or controlling stakes that allow us to increase our portfolio company's Asian footprint through an "invest and build" approach.

Managing Director and Founder
Vice Chairman
Managing Director
Simon Shen
Michael Gibson
Richard Zheng
Our Team
ZQ Capital’s investment team has over 100 years of combined experience in investment management, corporate advisory, corporate leadership and cross-border private equity investments. They have extensive work experience in the U.S., Europe and Asia.

Simon is a seasoned investment banker with extensive experience at Goldman Sachs and Barclays before founding ZQ Capital in 2016. He worked for many years for Goldman Sachs in both New York and Hong Kong. He was also head of the China Financial Institutions Group at Barclays. He advised multiple corporations globally in their capital markets and M&A activities and has extensive connections with entrepreneurs in China. He serves on the board of a number of public companies in the U.S., Europe and Asia.

Simon graduated from Wesleyan University with a BA in Economics and Mathematics.

Michael has over 40 years of experience in alternative investment management, financial services, commodities and entrepreneurship. He was a former Partner of LIM Advisors. Prior to LIM Advisors, he held senior roles at Morgan Stanley, serving as Head of Asia Equity Financing Services, member of the Non-Japan Asia Executive Operating Committee and the Global Equity Financing Operating Committee, working for the firm in the U.S., Europe and Asia.

Michael has a BBA from the University of Geneva and an MBA from UCLA AGSM.

Richard has over 24 years of experience in principal investment and general management in the U.S. and Hong Kong. He previously worked at a number of global financial institutions, including Temasek, Prudential, Bank of China and Lehman Brothers.

Richard graduated from Wesleyan University with a BA in Economics.

Managing Director and General Counsel
Liwen Chen
Liwen has over 20 years of legal experience covering capital markets and M&A amongst others. She previously worked at O’Melveny & Myers LLP in Shanghai and New York, Fried, Frank, Harris, Shriver & Jacobson, LLP in New York and Hong Kong and MagStone Law in Singapore.

Liwen holds a LL.B. from Fudan University and a LL.M. from Columbia Law School.

Portfolio Companies


+852 3890 6566


7/F, St. John’s Building, 33 Garden Road

Central, Hong Kong