Himalaya Capital Management

Himalaya Capital embraces the value investment principles of Benjamin Graham, Warren Buffett, and Charles Munger, primarily focusing on publicly traded companies in Asia and North America. The firm aims to achieve superior returns by being long-term owners of high-quality companies with substantial 'economic moat', great growth potential, and run by trustworthy people — with some holdings dating back over twenty years. As Li Lu has written: 'Once in a while, you will find a fat pitch that is slow, straight, and right in the middle of your sweet spot. Then you swing hard.' The partnership is generally closed to new investors and serves university endowments, foundations, family offices, and pension plans. An early-stage venture arm (HCV I & II, 2000–2003) invested $10–50M per deal in US technology, B2B, and media companies at Series A/B, but has been largely inactive as the firm's focus shifted entirely to public equities.