HAO Capital is managed by a team of private equity professionals with extensive investment, legal, financial, operational and entrepreneurial expertise, both in China and overseas.


Investment Professionals



charles-yang-sheng-liuCharles Yang Sheng LIU

Founder Venture Partner

Prior to co-founding HAO Capital in 2006, Mr. Liu was a Senior Advisor to GE Capital, IBM and CITIC. He also participated in projects involving China Mobile, Standard Chartered Bank, ICBC, Huarong Asset Management Co. and Minsheng Bank. Between 1993 and 1999, Mr. Liu was Managing Director for China of Lazard Asia Limited. From 1975 to 1990, Mr. Liu served with the United Nations system of organizations.

Mr. Liu graduated from Princeton University in 1972 with a B.A. in economics and attended the Juris Doctor program of New York University School of Law from 1972 to 1975.

carl-luCarl LU

Senior Advisor

Mr. Lu was a Partner of HAO Capital between 2007 and 2010.

Mr. Lu is currently Senior Managing Director of Sapinda Asia Pacific Limited, a global investment group.  From 2001 to 2007 he was Managing Director of Laureate Education, Inc., the largest operator of for-profit private universities in the world.  Between 1995 and 2000, he was Managing Director of First Eastern Investment Group, a Hong Kong-based private equity group.  Mr. Lu started his career at the Boston Consulting Group in Boston and Morgan Stanley in New York and also worked with Morningside Asia Ltd. and Canadian Overseas Development Co.

Mr. Lu holds a B.S. degree from the Wharton School, an M.A. degree from Oxford University and an MBA from Harvard Business School.