EMERALD HILL CAPITAL PARTNERS HOLDINGS LLC

Thesis

Emerald Hill Capital Partners Holdings LLC is a private equity firm established in 2005, specializing in a fund-of-funds strategy with a primary focus on Asia's emerging markets. The firm deploys capital exclusively through fund commitments to underlying private equity funds, targeting growth capital, buyout, and venture strategies. Their investment strategy centers on building private equity portfolios across Asia, with a particular emphasis on emerging markets. They employ a disciplined approach to manager selection, prioritizing long-term partnerships and deep regional expertise. The firm's geographic scope includes the United States, Europe, and Asia, with a significant concentration of capital invested in Greater China, the Indian subcontinent, and Southeast Asia. Emerald Hill's investment preferences lean towards smaller private equity funds, with a substantial portion of their capital committed to funds smaller than $500 million, and over half invested in funds under $300 million. This focus on smaller funds, across venture capital, growth, and buyout segments, is driven by the belief that the "overlooked smaller end of the market still provides the greatest promise for outsized returns." As of March 26, 2025, Emerald Hill Capital Partners Holdings LLC reported $531.9 million in regulatory assets under management. Other sources indicate a broader AUM of $1.1 billion and four funds managed. The firm has successfully raised capital for its funds, including a third fund that closed with over $400 million in 2014, and a predecessor vehicle that raised $300 million in 2010. Emerald Hill Capital Partners II LP had a reported size of $300 million.