Granite Asia emerged from GGV Capital's geopolitical split as the Asia-focused successor, deliberately separating China/Asia exposure from U.S. operations while evolving beyond traditional venture capital into a multi-asset platform that combines private credit, hybrid capital, and equity investing across the region. The firm's hybrid capital strategy offers contractually guaranteed minimum returns in the teens plus equity upside participation, backed by three major Asian sovereign wealth funds and designed specifically for mid-market Asian companies pursuing tech-enabled transformation.