Singapore and Hong Kong, 6 December 2025 – GLP and Hidden Hill Capital (“Hidden Hill”) extend their congratulations to Hong Kong Investment Corporation Limited (“HKIC”) on the publication of its 2024 Annual Report.

The full report, available on the HKIC website, highlights HKIC’s catalytic role in guiding and channelling capital to bring further impetus for Hong Kong’s economic growth, with an aim to enhance Hong Kong’s international competitiveness and seek sustainable returns over the long term.

 "We are proud to partner with the HKIC and support their vision of fostering a new generation of entrepreneurs with Hong Kong as a nexus, forming the cornerstone of a resilient future. As a leading patient capital investor, the HKIC is redefining the role of capital with its public-private model of combining strategic fiscal stewardship with innovation-driven investment, setting a path for others to follow. We look forward to collaborating with the HKIC to support the long-term development of strategic industries,” said Ming Mei, Co-Founder and CEO of GLP.

 "With its national, regional, and global connectivity, Hong Kong stands out as a vital financial hub and a key platform for Hidden Hill’s internationalization strategy. The HKIC’s focus on AI and renewable energy align closely with our own strategic investment priorities. With the support of the HKIC, Hidden Hill has found a like-minded partner to help our investee companies advance innovative product roadmaps, accelerate global expansion and support their continued overall growth,” said Higashi Michihiro, Founder and Managing Partner of Hidden Hill Capital.

Established in 2018, Hidden Hill Capital is a leading growth equity manager in the Asia Pacific region and is widely regarded as a global expert in PropTech investing. Leveraging the unique market network and deep industry insights of its parent company GLP, Hidden Hill has developed a differentiated investment approach that connects portfolio companies in proptech, cleantech, robotics and AI into a closed-loop ecosystem, enabling products and solutions to be tested, scaled, and commercialized efficiently. As at 30 June 2025, Hidden Hill Capital manages over US$4 billion in assets under management across RMB and USD-denominated private equity and venture capital strategies, and has invested in more than 110 companies.

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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. 

Media Contact
Faye Kwan
+65 6933 3608
fwee@gcp.com

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