Our Story

Havrion Group was founded in 1996 and grew from its operating businesses into a diversified private group spanning industrial operations, consumer services and real assets. Direct investing began as a natural extension of operating: acquiring an upstream supplier, taking a stake in a long-standing partner, backing a trusted team in a familiar industry. In the early years these decisions sat inside the business divisions, led by operators who knew the industries first-hand.

As the number and size of investments grew, the group came to see investing as a craft that demands its own discipline: dedicated research, consistent evaluation standards, clear decision rights, and a different relationship with time than operating a business. Around 2008 the group began investing systematically; after its first control investment in 2013, the complexity of the activity rose markedly, and dedicated research, legal and portfolio-management functions took shape within the group's investment office.

By 2023, investment activity at the group level had accumulated more than twenty investments across a dozen industries, in forms ranging from minority stakes to full control. The system worked, but its structural limits were showing: decisions were dispersed across divisions, making standards hard to hold fully consistent; investment professionals' career paths were tied to the operating businesses; and capital lacked a single, complete vantage point from which every investment could be compared and allocated.

The answer was to turn investing from an extension of each business into the sole occupation of one company. The group resolved to establish a dedicated investment company — bringing the investment team, the research function, decision-making and the existing holdings onto a single platform, working to one set of standards, processes and governance. That is where Havrion Capital comes from.

Havrion Capital was formally established in Beijing in January 2024, and operated as a complete institution from the outset. Liang Wei, asked to build the company, became Chief Executive Officer; the heads of investment, research, portfolio operations, finance, legal and compliance were in place within months; and the investment committee, capital-allocation framework and risk framework were formally operating by mid-year. Few new companies begin this way — Havrion Capital inherited an established team and methods proven over years of practice, rather than a blank page.

The first systematic undertaking after formation was to bring the group's accumulated investments onto the new platform. Consolidation meant more than reorganizing shareholdings: each company's investment case was re-examined and written down afresh, each was brought into a unified valuation, reporting and risk-monitoring regime, and each established a fixed working rhythm with the portfolio-operations team. The work was completed in 2025, since when thirteen core holdings have been managed under a single governance framework.

In parallel, the company began making new investment decisions in its own name. The investment in Lanrui Robotics closed in November 2024 and the growth investment in Lidun Technologies in September 2025 — two transactions that travelled the new platform's full path from sourcing through research, diligence and committee decision, testing the system in live conditions.

A young company with methods that are not young — that is Havrion Capital's honest description of itself. Establishing a company takes a document; becoming an institution worth trusting takes years of doing the right things repeatedly: letting process temper the variance of individual judgment, letting research precede conviction, and making every commitment of capital one that withstands being re-read years later. The road has no finish line, and the company is in no hurry to declare victories along it.