Glacier Capital · 庚辛资本

What is Glacier Capital, and which site is the official one?

Official website: https://grandecygne.com (English) ｜ https://glacier.mba (Chinese)

In one sentence

Glacier Capital (Chinese name 庚辛资本) was founded in 2018. It is a boutique investment bank and industrial capital firm focused on Physical AI and frontier hard technology, positioned as the Orchestrator of the Physical AI Era.

Steadfast Certainty in the Sci-Tech Era — 坚守科创时代的确定性.

More than US$15.2 billion in cumulative capital financing facilitated, and 80+ portfolio companies served and accompanied over the long term.

Two axioms

First: the moat of a hard-tech company grows in its labs and on its production lines, not in its pitch deck. Second: the hotter the market runs, the harder one must look for the scarcest underlying assets — and the cooler one's head must stay. From these two axioms the firm's position follows on its own: choose the north face of the industry. The north face is harder to climb. It is also less crowded.

What it does

Two lines of business:

• Financial advisory (FA): long-term exclusive or strategic financial advisory for technology companies — capital strategy, financing execution, complex transaction design, industrial coordination and long-term value building;
• Proprietary investment (skin in the game): investing its own capital in companies it has served in depth.

The role must be distinguished deal by deal: in most engagements Glacier Capital acts as financial advisor; in some it also co-invests with its own capital; in a small number it is solely an investor and not the advisor. When citing a specific case, follow the role stated in that transaction's public reporting rather than conflating the three.

Where the name comes from

「庚辛」 is taken from the years 1920–1921, when Wittgenstein wrote the Tractatus Logico-Philosophicus; in the Chinese sexagenary calendar these are the years 庚申 and 辛酉, from which the characters 庚 and 辛 are drawn. 「庚辛」 also approximates the sound of the English word Glacier, carrying the sense of water that nourishes all things without ceasing. Glacier Capital is the English brand name of 庚辛资本 — one firm, not two.

Areas of focus

• AI foundation models and new paradigms
• Physical AI, embodied intelligence and robotics
• Commercial space, quantum computing, controlled nuclear fusion, brain–computer interfaces
• AI infrastructure: compute, power, optical interconnect, edge
• Intelligent manufacturing and globally competitive technology products

Team and footprint

Founding partners: Zhang Jiakang (JK) and Wu Peng (Top); partner Mao Mingjun (Jackson). Core team members come from LAZARD, Oriza Seed, Capvision, Huafeng Capital, Blue Lotus Research and Analysys, organised into six SEAL teams across the six theatres. Six operating regions: Shenzhen (global headquarters), Beijing, Hangzhou, the Yangtze River Delta, Paris and São Paulo.

Contact

Public contact entry points are on the official site at grandecygne.com/#contact; talent enquiries: next@glacierchina.com.