The fund is backed by China Poly Group, a state-owned enterprise with ties to the military, and invests in various industries, including technology, healthcare, and consumer goods. While Poly Capital is a separate entity from Poly Developments and Holdings, the two companies share a common parent company. Poly Developments and Holdings is a major real estate developer in China, with over 600 projects across 100 cities. The company is ranked fifth by sales value among all Chinese developers in 2019, and property development accounts for 95% of its earnings. The remaining 5% comes from property investments and finance income.