Prospect Avenue Capital

Prospect Avenue Capital (PAC) is an investment firm that provides capital and strategic advisory to growth stage companies in China that demonstrate long-term growth viability, impactful technology solutions, and sustainable business models. Founded in 2018, PAC delivers superior returns for investors while providing immense end-to-end value for our investees. We offer unique capabilities that combine global capital markets experience with deep structural expertise in China policy & regulation. With 500M USD under management, PAC counts among its 13 investees two listed enterprises (NYSE: RAAS; NASDAQ: TIGR) and 9 additional ventures expected to IPO in 2022-23. The investment team is led by Founding Partner Ming Liao, a Princeton-educated, Morgan Stanley-trained former investment banker with prior executive experience at the Carlyle Group and UBS AG. Mr. Liao is supported by a deal team hailing from multidisciplinary backgrounds that include financial services, digital healthcare, internet platforms, and human-centered design, among others.