Hillhouse Capital is one of world's biggest and most successful investment firms, a financial powerhouse that has raised billions of dollars from universities, pension funds, foundations in the U.S. and elsewhere and reinvested those funds to produce outsized returns. This week, we look at one of the biggest names in global finance, an Asia-focused firm founded in 2005 by a freshly-minted MBA named Zhang Lei. With $20 million from the endowment at Yale, his alma mater, Zhang returned to China and made early investments in Tencent, JD.com, and then grew Hillhouse into an investment firm that now has about $60 billion in assets under management. In 2018, Hillhouse said it had raised $10.6 billion to set up a new fundThe Wall Street Journal said it was one of the largest funds ever raised by an Asia focused firm. The company, which has offices in Beijing, Hong Kong and Singapore, makes significant investments in China, India, Japan and South Korea. At The Wire, we will periodically focus
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