Jihe Investment

What Jihe Investment does

Jihe Investment (几何投资), formally Beijing Jihe Investment Management Co., Ltd. (北京几何投资管理有限公司), is a Beijing-headquartered private equity firm founded in 2016 that invests exclusively in China's education sector. The firm is led by former senior executives from Nine Capital (九鼎投资), Cybernaut Investment (赛伯乐投资), and Chaton Capital (查顿资本), and its partners collectively claim 9+ years of industry experience and over 100 completed equity investment cases. The firm organises activity into three business lines: private equity investment (growth equity, pre-IPO, and Hong Kong-listed cornerstone positions), mezzanine investment (convertible bonds, exchangeable bonds, subordinated debt, equity repurchases, and income rights swaps), and industrial financial innovation (asset securitization, supply chain finance, consumer finance, and internet finance). The underlying "technology" is financial structuring rather than software: the firm builds capital structures tailored to education enterprises, which face collateral constraints under traditional bank lending because school assets cannot typically be pledged.

The flagship vehicle is the China Education Investment Fund (中国教育投资基金/中教基金), an industry equity fund sized at RMB 60 billion, with stated historical managed fund scale exceeding RMB 200 billion. The firm jointly publishes the China Education Fund Education Stock Index with the China Education Think Tank Network. Revenue is generated through management fees and carried interest on the managed fund, supplemented by advisory and structuring fees on bespoke deals; capital is sourced from listed companies, large industrial groups, education groups, family offices, and mother funds. Notable transactions include cornerstone roles at the Hong Kong IPOs of Dongsoft Education (09616.HK, USD 11M), Zhonghui Group (382.HK, HKD 30M+), Jianqiao Education (1525.HK), and Zhuoyue Education (3978.HK, HKD 40M), a Series A lead in Moso Technology, a strategic cooperation with Pioneer Software Group, and, since April 2021, a strategic cooperation with the Daxing Airport Economic Zone to develop the Beijing Kingston School, which marks a shift from pure financial investor into direct K-12 international school operations. The firm reports offices in Beijing, Shanghai, Hangzhou, Xiamen, and Sichuan, and claims roughly 30% annualized returns on its Hong Kong-listed portfolio companies.

Name

Jihe Investment

Legal name

北京几何投资管理有限公司

Website

https://jihefund.com

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

1–10 employees

Short description

Jihe Investment (几何投资) is a Beijing-based private equity firm founded in 2016 that focuses exclusively on China's education sector, deploying private equity, mezzanine, and education-finance capital through the China Education Investment Fund for higher education, vocational, and K-12 companies.

Ownership category

akta.pro rank

Product category

Education Sector Private Equity

NAICS

Portfolio Management and Investment Advice (523940), All Other Financial Investment Activities (52399), Other Investment Pools and Funds (5259)

SIC

Investment Advice (6282), Security Brokers, Dealers & Flotation Companies (6211)

akta.pro primary industry

Education / EdTech Growth Equity (FSANACAL)

akta.pro secondary industries

Thematic / Sector-Focused Multi-Manager Platforms (FSANAGAH), Equity Capital Advisory (Private Equity Placements, Growth Capital) (BPAHAOAE)

Keywords

• Education sector private equity
• Mezzanine investment services
• Education industry fund management
• Pre-IPO cornerstone investments
• Education financial innovation

Headquarters

HQ city

Beijing

HQ country

China

HQ region

Asia

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D

Revenue model

1. Private Equity Fund Management: Jihe Investment manages private equity funds focused on the education sector, raising capital from institutional investors including listed companies, industrial groups, education groups, family funds, and mother funds. Revenue is generated through management fees and carried interest (performance fees) from fund investments.
2. Mezzanine Investment: Provides flexible capital support to education enterprises through instruments including convertible bonds, exchangeable bonds, subordinated debt, equity repurchases, and income rights swaps, using fixed + floating return models. This bridges equity and debt financing.
3. Industrial Financial Innovation: Innovative financial product design for education enterprises combining asset securitization (ABS), supply chain finance, consumer finance, and internet finance with diverse educational scenarios to enrich enterprise financing tools and reduce financing costs.
4. China Education Investment Fund (中教基金): A 60 billion RMB education industry equity investment fund focused on promoting China's education modernization, with financial services for education as its core philosophy. The fund invests through private equity, mezzanine investment, and innovative education finance.

Pricing tiers

Go-to-market motion3 records

Distribution channels2 records

Marketing channels5 records

Core offering

Jihe Investment is a private equity firm dedicated exclusively to the education sector, offering three core investment services: (1) Private Equity Investment providing equity financing plus strategic advisory, business matching, and capital operations support to education enterprises; (2) Mezzanine Investment using convertible bonds, exchangeable bonds, subordinated debt, equity repurchases, and income swaps with fixed-plus-floating returns for M&A, new projects, and management buyouts; (3) Industrial Financial Innovation combining ABS, supply chain finance, consumer finance, and internet finance to design financing tools for education enterprises. The firm also manages the China Education Investment Fund (60 billion RMB scale).

Product overview

Jihe Investment operates as an education-focused private equity investment management firm offering three core financial products: Private Equity Investment providing equity financing with strategic support services, Mezzanine Investment combining debt and equity structures for flexible capital support, and Industrial Financial Innovation designing products like ABS and supply chain finance. The firm also manages China Education Investment Fund (60 billion RMB), a specialized education industry equity fund with three strategic focuses: professionalization (vocational education), informatization (education technology), and internationalization (cross-border education). The company additionally publishes the China Education Stock Index for market monitoring.

Differentiator

Problem solved

Functional benefit

Products and services

• Private Equity Investment (私募股权投资)

Quantifiable outcome

• Hong Kong-listed portfolio companies have achieved approximately 30% annualized return on book value.
• +2 more outcomes

Named customers7 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Eleven partnerships are on record, tiered core and minor.

• Daxing Airport Economic Area Management Committee (大兴临空区管委会)coreStrategic or Co-development Partner · 7 April 2021On March 27, 2021, Jihe Investment was invited to the Daxing District 'Two Areas' construction project signing ceremony and signed a strategic cooperation agreement with the Daxing Airport Economic Area Management Committee as an education sector representative. Jihe Investment will serve as the school sponsor, leading the preparation of the Beijing Kingston School project and introducing Kingston Grammar School (KGS) from the UK to participate in school operations.
• Pioneer Software Group (先锋软件集团)coreStrategic or Co-development Partner · 21 December 2018Jihe Investment signed a strategic cooperation framework agreement with Pioneer Software Group on December 21, 2018. Pioneer Software Group's subsidiary Pioneer Software College had just received approval to upgrade to an undergraduate vocational university. The partnership aims to jointly build Pioneer Software College into a first-class university with international influence and distinctive professional programs, leveraging both parties' strengths in education investment and industry resources.
• China Education Think Tank Network (中国教育智库网)coreStrategic or Co-development Partner · 21 November 2017Beijing Jihe Investment Management Ltd. and China Education Think Tank Network jointly compile and publish the China Education Fund Education Stock Index, an education industry stock index that dynamically reflects education business market conditions. The two parties also collaborate on research and thought leadership for the education sector.
• Zhonghua Education Think TankminorStrategic or Co-development PartnerPartner organization listed on the partners page, likely related to education policy research and think tank activities supporting Jihe Investment's education sector research.
• China Society of Economic Transition (CSTE)minorStrategic or Co-development PartnerListed as a partner on the cooperation page, providing academic and policy research support for the education investment focus.
• German Academic Exchange Service (DAAD)minorGTM or Marketing PartnerListed as a partner on the cooperation page, facilitating international education connections between China and German-speaking countries.
• Jiemodui (芥末堆)minorGTM or Marketing PartnerListed as a partner on the cooperation page. Jiemodui is a leading education industry media platform in China that provides coverage and promotion for education sector developments.
• Kingston Grammar School (KGS), UKcoreStrategic or Co-development PartnerKingston Grammar School from the UK will deeply participate in the Beijing Kingston School project led by Jihe Investment in the Daxing Airport Economic Area, bringing international education philosophy and curriculum to the school.
• China Education Finance Research CenterminorStrategic or Co-development PartnerListed as a cooperation unit for the China Education Fund, supporting the fund's research on education finance innovation.
• Shandong Education Development Research CenterminorStrategic or Co-development PartnerListed as a cooperation unit for the China Education Fund, contributing expertise to education industry research.
• Beijing Foreign Studies University Education FoundationminorStrategic or Co-development PartnerListed as a cooperation unit for the China Education Fund, supporting international education initiatives.

Scale indicators5 records

Recent moves8 records

Expansion highlights4 records

Broad incumbents

• Boyu Capital (博裕资本): Hong Kong-based Chinese PE firm with education and consumer exposure. Comparable to Jihe as a China-focused PE that invests in growth-stage education opportunities and supports IPOs, but with broader sector scope and larger fund sizes.
• CDH Investments (鼎晖投资): One of China's largest alternative-asset managers with significant PE exposure to the education sector. Comparable to Jihe as a major Chinese PE investor in education companies, but operates across many sectors with much larger AUM and broader mandate.
• FountainVest Partners (方源资本): Major China-focused PE firm that has historically invested heavily in consumer and education (notably New Oriental). Comparable to Jihe in pursuit of large-scale education investments and IPO-linked deals in China, but with a broader sector mandate.
• Warburg Pincus China: Global PE firm with significant education portfolio in China including vocational education and EdTech. Comparable to Jihe as an active growth-equity investor in Chinese education with HK/US listing experience, but with a global platform and broader mandate.
• Legend Capital (君联资本): Leading Chinese PE firm affiliated with Lenovo Holdings, with material education sector investments. Comparable to Jihe in executing growth-equity and pre-IPO deals in China, but operates across TMT, healthcare, and consumer rather than a pure education focus.
• CMB International Capital (招银国际): Hong Kong-headquartered investment bank with PE and cornerstone-investment capabilities that frequently supports HKEX listings. Comparable to Jihe in providing cornerstone backing to HK-listed Chinese education groups, though active across many industries.
• Carlyle Group China: Global PE firm with active China education investments (including stakes in Chinese tutoring and higher education groups). Comparable to Jihe as a foreign-affiliated PE investor active in Chinese education, but at far greater scale and broader scope.
• CICC Capital (中金资本): Investment platform of China International Capital Corporation with sizable education and consumer bets and strong IPO execution capabilities. Comparable to Jihe in placing cornerstone investments in HK-listed Chinese education companies, but operates as a much larger multi-sector platform.

Regional players

• Zhongguancun Development Group / Zhongguancun Sci-Tech VC: Beijing-based state-linked investment platform that deploys growth capital into high-tech and education ventures in the Zhongguancun ecosystem. Comparable to Jihe in providing growth equity to Beijing-area education and EdTech companies, but typically operates regionally and as a government-affiliated investor rather than an independent PE manager.

Emerging players

• New Oriental Education & Technology Group (新东方) - Strategic Investment Arm: New Oriental has historically deployed strategic capital and venture investments into education ventures and adjacencies. Comparable to Jihe as a participant in Chinese education-focused deal flow, though New Oriental is primarily an operating education company rather than a dedicated PE investor.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments5 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Jihe Investment