Primavera Capital Group (Primavera; Chinese: 春華資本集團; pinyin: Chūnhuá Zīběn Jítuán) is a Chinese investment firm with offices in Hong Kong, Beijing, Silicon Valley and Singapore. It is considered one of China's leading investment firms with notable investments in companies such as Alibaba, Ant Group, ByteDance, XPeng, Yum China and The Princeton Review.

In 2023, Private Equity International, ranked Primavera as the fifth largest private equity firm in Asia based on total fundraising over the most recent five-year period.

Fred Hu was previously a partner and the chairman of Greater China at Goldman Sachs. In 2010, Hu and several other managing directors at Goldman Sachs founded Primavera.

The firm primarily invests in China but in recent years has diversified into Southeast Asia and North America.

Institutional investors of the firm include AIA Group, Bank of China, MetLife, Pennsylvania State Employees' Retirement System, State Street Corporation, Varma Mutual Pension Insurance Company and TSMC.

Primavera was an anchor pre-IPO investor of Alibaba. It has also invested in multiple subsidiaries of it including Alipay, Ant Group and Cainiao. In 2017, it purchased Stratford School, a group of private schools operating in Norther and Southern California.

In January 2021, Primavera held an initial public offering (IPO) of a SPAC, Primavera Capital Acquisition Corporation on the New York Stock Exchange (NYSE) raising $360 Million. In December 2022, Lanvin Group merged with Primavera Capital Acquisition Corporation to become a listed company on the NYSE raising $150 million.

In 2022, Primavera launched its private credit strategy with its debut private credit fund raising $300 million.