Established in 1987, the HKVCA's mission is to encourage a vibrant venture capital and private equity industry in Asia while promoting the role of member firms in value creation, innovation and economic development. The HKVCA provides a forum for networking and experience sharing for its members; promotes industry professional ethics, international best practices and standards; and represents the views of its members before governmental and other relevant bodies.

HKVCA represents close to 480 corporate members, include 280 private equity firms across all types – including top 9 of the 10 largest PE firms as well as small VC investors, managing a total of US$2 trillion in assets. These firms are engaged in venture capital and private equity investments in the Asia-Pacific region at all levels – from venture, growth, buyout, secondary, to pension, funds of fund, family offices, etc.