Singapore and Hong Kong, 9 December 2025 – GLP’s Hidden Hill Capital (“Hidden Hill”), the private equity arm of GLP, is pleased to announce that it has been awarded a new venture capital mandate to manage HKD 300 million on behalf of the Hong Kong Investment Corporation Limited (“HKIC”) under its Capital Investment Entrant Scheme investment portfolio. Under this mandate, Hidden Hill will invest in early-stage, high-growth companies that align with HKIC’s mission to foster entrepreneurship and transformative innovation in Hong Kong. The new fund builds on the ongoing, long-term partnership with HKIC.

Established in 2022 to consolidate the management of investment activities of the Hong Kong government, HKIC manages HKD 64 billion and works with external fund managers to establish various funds for innovation and technology development to optimize fiscal reserves and promote the long-term economic development and competitiveness of Hong Kong through supporting strategic industries in the innovation and technology sector. HKIC is instrumental in attracting capital, resources, and talent to support Hong Kong's emerging industries.

“We are excited to partner with HKIC to advance their vision of establishing Hong Kong as the epicenter of technology and innovation in Asia. We will leverage our deep expertise in identifying competitive technologies and scalable services across new economy sectors—including logistics supply chain, AI, and renewable energy — to drive the synergistic and sustainable expansion of the HKIC ecosystem,” said Higashi Michihiro, Founder and Managing Partner of Hidden Hill Capital. 

Hidden Hill is a leading Pan-Asian fund manager focused on investing in technologies and services in modern logistics, digital supply chains, and renewable energy. Beyond funding, portfolio companies benefit from access to GLP’s strong ecosystems and expertise in international expansion. As of 30 June 2025, Hidden Hill has deployed approximately US$ 2.4 billion of capital across more than 110 portfolio companies from venture, growth to buyout stages, targeting companies that are driving technological innovations and operational efficiencies. 

About HKIC

The HKIC was established in 2022 as the Patient Capital institution wholly owned by and representing the HKSAR Government.  It adopts an “Investment +” approach, seeking reasonable financial return in the medium to long term and at the same time creating and supporting growth impetus with a view to contributing to Hong Kong’s economy and society. 

The HKIC currently manages the “Hong Kong Growth Portfolio”, “Greater Bay Area Investment Fund”, “Strategic Tech Fund”, and “Co-Investment Fund”.  At this stage, it is focusing on three key sectors, namely Hard and Core Technology, Biotech, and New Energy and Green Technology, as well as the relevant applications.  As of end October 2025, the HKIC has invested in over 150 projects. Every Hong Kong dollar invested by the HKIC has attracted over 6 Hong Kong dollars from long-term capital for investment.

About Hidden Hill Capital 

Established in 2018, Hidden Hill Capital (“Hidden Hill”) is a growth equity manager backed by GLP China. It does minority, significant minority, and strategic equity investments in companies in modern logistics services, digital supply chain, renewable energy related technologies and cross-border opportunities across Asia. As at 30 June 2025, It has over US$4 billion in assets under management across both RMB and USD private equity strategies and named by Private Equity Real Estate as the largest PropTech manager in 2024 and 2025. For more information, visit hiddenhillcap.com.

About GLP

GLP is a leading global investor, thematic business builder and investment manager, focused on creating scaled platforms within its core sectors of logistics, digital infrastructure and renewable energy. The Group, through its asset management arm GLP Capital Partners, manages US$79 billion of assets under management, as at 30 June 2025 and has a proven track record of incubating and scaling platforms across markets and strategies through development, strategic M&A and partnerships. To learn more about GLP, visit www.glp.com/global. 

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