We are an investment platform dedicated to innovation across the global technology value chain.
AUM refers to assets managed or advised by Pine Star Asset Management Limited and other group affiliates, as of 30 June 2026.
Founded by Karl Ma in 2012, Pine Peak Capital Group (PPCG) is a tech-focused fund investment platform with extensive experience and cross-cycle investment expertise across the technology supply chain and artificial intelligence ecosystems.
With a core focus on "Connecting technology and capital across global markets", PPCG is strategically positioned across key economic hubs in Asia. Partnering with regional industry platforms and leading university tech-transfer offices, we commit long-term capital to innovation across the global technology supply chain.
We target high-barrier, strategically vital technologies within the AI ecosystem—accelerating proprietary innovation and scaling cross-border growth for leading tech enterprises.
PPCG has advised multiple global sovereign wealth funds on navigating investments into the Asian technology sector, while providing outbound expansion and cross-border financing advisory to regional enterprises—directly executing the core philosophy of our approach: bringing industry to the world, and capital to the region.
We systematically deploy capital along a clear tech stack: AI Compute Infrastructure → AI Models & Semiconductors → AI Applications & Robotics. This roadmap is dictated by our proprietary insights into value chain distribution, technical inflection points, and commercialization velocity. Crucially, each specific layer maps to a dedicated capital structure, distinct exit window, and specific industrial ecosystem partner.
We anchor our deals by partnering directly with regional industrial platforms and top-tier university tech-transfer offices, all deployed through our fully operational dual-currency (RMB/USD) fund structure. This proprietary playbook addresses resource mismatches across borders and stages — connecting portfolio companies to both Mainland industrial supply chains and to international capital and overseas markets.
We go beyond capital — offering industrial resource matching, cross-border landing support, and exit-pathway design. Our team's experience across investment banking, PE, and public markets translates into hands-on support at every critical growth milestone of our portfolio companies.
Pine Star Asset Management Limited, a wholly-owned subsidiary of the Group, is licensed by the Securities and Futures Commission of Hong Kong under the Securities and Futures Ordinance (Cap. 571) for Type 4 (Advising on Securities) and Type 9 (Asset Management) regulated activities. CE No.: BBF537.
Pine Star Asset Management Limited is a wholly-owned subsidiary of Pine Peak Capital Group (PPCG) and serves as the Group's licensed operating entity in Hong Kong.
The content of this website is for general informational purposes only and does not constitute investment advice, an offer, or a solicitation. See Legal Notice.
