The firm focuses on China's media and entertainment, sports and consumer-related sectors although it has expanded into other areas in recent years.

[4] Major investors of the firm at the time were Temasek Holdings, the CPP Investment Board and Ontario Teachers’ Pension Plan.

[11] FountainVest's investment strategy is based around three core themes: the rising middle class, urbanisation and sustainable development.

[4][10][13] In 2012, an investor consortium including FountainVest and The Carlyle Group took Focus Media private via a $3.7 billion leveraged buyout deal.

[16] The consortium later relisted Focus Media on the Shenzhen Stock Exchange via a reverse merger in 2015 in a deal worth $7.4 billion.

[21][22] In February 2016, Fountainvest and its partners sold Key Safety Systems to Ningbo Joyson Electronic Corporation for $920 million.

[32] In November 2021 FountainVest struck a deal to acquire the Chinese franchises of Papa John's and Dairy Queen for $160 million.