As a batch of Hanhe Capital’s six-year, ultra-long lock-up private funds approaches its maturity window, several products are showing sizable losses, according to Jiemian News. Data from Haomai Fund shows that as of the latest NAV update dates (June 18, 2026 or June 12, 2026), 16 Hanhe Capital products had disclosed performance on the platform; among the six products launched in August 2020 or later, all had cumulative losses of more than 20%, with “Hanhe Capital No.106” down 31.73% cumulatively.
“Hanhe Capital No.106,” established on January 13, 2021, at one point had a cumulative loss of 44.97% as of September 6, 2024, narrowed to a 16.29% loss by end-September 2025, and has fallen 7.93% year-to-date in 2026. The firm said in March 2026 it planned to invest an additional RMB10 million of its own funds into products it manages; since January 27, 2022 it has cumulatively increased holdings by RMB139 million and has not reduced them.
Hanhe Capital’s 6-Year Lock-Up Funds Near Maturity With Losses Exceeding 20%
2026-06-23 10:57:34
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