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PE Weekly | News and Events in Chinese PE Market (2021.5.31-2021.6.6)

FOF Weekly Updated June 06, 2021


This week (2021.5.31-2021.6.6), PE Weekly covers Fundraising news on PE market.

Fundraising

Xiamen Debuts First Fund for Talents in Fujian Province

4 June 2021----Xiamen Jinyuan Investment Group Co., Ltd, under the guidance from Xiamen local government, joined hands with Shenzhen HTI Group Co., Ltd to launch the first fund for talents development in Fujian province. The CNY 300 million ($46.9 million) fund focuses on the investment opportunities in high-level talent start-ups in fields such as new-generation IT, IoT, new materials, high-end equipment manufacturing, and other hard and core technologies. Read more…

Xiaoshan of Hangzhou to Launch $1.5 Billion Government-Guided Fund

4 June 2021----Xiaoshan district of Hangzhou city announced to launch a government-guided fund for boosting local science and technology innovation. Read more…

Wuhai Sets up First Government-Guided PE Fund

3 June 2021----Wuhai city, Inner Mongolia, sets up a new fund of CNY 200 million ($31.3 million), which is the first government-guided PE fund in the city, to invest in enterprises in fields such as new energy, new material, fine chemicals. Read more…

Hangzhou Welcomes $94 Million Fund for Healthcare Industry

3 June 2021----Xiaoshan Science City Industrial Development Fund, as one of the LPs, has completed the fundraising for a new CNY 600 million ($94 million) fund for healthcare industry. The new vehicle will mainly focus on investments in new drug R&D and high-end medical equipment fields. Read more…

China’s Oceanpine Capital Closes RMB Fund at $313 Million for Deep Tech Bets

3 June 2021----Chinese investment firm Oceanpine Capital has closed a new RMB-denominated fund at CNY 2 billion ($313.4 million) as it seeks to up the ante on deep technology investments. The new vehicle secured commitments from local government-guided funds, FOFs, and deep tech companies. Read more…

China’s Fortune Capital Announces First Close of RMB Fund at $860 Million

3 June 2021----Fortune Capital, a Chinese venture capital firm, announced the first closing of its RMB-denominated fund at over CNY 5.5 billion ($860 million). The fund targets CNY 6.8 billion ($1.1 billion) in total. The new vehicle has secured support from most of the previous investors and several new leading LPs. The investors vary from state-owned companies, financial institutions, market-oriented fund of funds as well as family offices. The fund will dig even further in the fields of smart manufacturing, healthcare, new-generation information technology, big consumption and enterprise services. Read more…

China’s Marubi Biotechnology to Invest in $39 Million Fund

2 June 2021----Guangdong Marubi Biotechnology Co., Ltd announced the commitment of CNY 200 million ($31.3 million) to a CNY 250 million ($39.1 million) fund which targets opportunities in cosmetic, personal care, new consumption and other consumer related fields. Read more…

China’s Zhongchao Holdings to Co-Launch $47 Million Fund for Healthcare Industry

2 June 2021----Jiangsu Zhongchao Holdings Co., Ltd, a leading wire and cable manufacturer, has announced the partnership with Su Min Investment Management Wuxi Co., Ltd and Su Min Kaiyuan Wuxi Investment Co., Ltd to launch CNY 300 million ($46.9 million) fund for healthcare industry, targeting CNY 100 million ($15.5 million) in the first close. The fund has secured CNY 35 million ($5.5 million) from Zhongchao Holdings. Read more…

China’s Zhongguancun Science Park Signs $4.7 Billion Fund for City Renewal

2 June 2021----Zhongguancun Science Park, one of China’s innovation hub, has signed a new fund of CNY 30 billion ($4.7 billion), involving major companies specialized in construction. The fund aims to promote city renewal and development in Beijing. Read more…

China’s Gemdale to Commit $47 Million to Co-Launch Fund

1 June 2021----Gemdale Group, a Chinese real estate company, announced the partnership between its subsidiary and other investors ranging from state-owned companies in Suzhou to institutional investors across the country to launch a CNY 2.08 billion ($326.5 million) fund. The fund aims to serve the future development of Gemdale Group. Read more…

Henan Province Debuts First Government-Guided Fund for Culture and Tourism Industry

31 May 2021----Henan Culture and Tourism Integrated Development Fund, initiated by Henan Cultural Industry Investment Co., Ltd, has reached the first close of CNY 1.55 billion ($242.4 million) with the commitments of CNY 480 million ($75 million) and CNY 1.07 billion ($137.4 million) from the provincial government and state-owned companies respectively. The new fund is launched to promote the integration of local culture, tourism and related industries. Read more…

Guizhou Province Unveils Fund for IoT Industry

31 May 2021----Shanghai-headquartered PreIPO partners with FC Financial Holdings and other 6 investors to launch a fund for IoT industry in China’s southwestern Guizhou province. The fund, with the fundraising scale of CNY 200 million ($31.2 million) in the first close, aims to promote the development of members of Guizhou IoT Development Association through private equity investments. Read more…

China’s V-Capital Hits the First Close of RMB Fund at $235 Million

31 May 2021----V-Capital, the asset management platform of the publicly-traded textile material maker Jiangsu Huaxicun, announced the first close of its new fund at CNY 1.5 billion ($234.6 million), securing support from investors old and new ranging from local government-guided funds to local state-owned enterprises. The new fund aims to look for opportunities in fields such as healthcare, big health, TMT, culture services, integrated circuit semiconductor, ne-generation technology, smart manufacturing, and new energy. Read more…

China’s VC Glory Ventures Closes Second USD Fund at $120 Million

May 31, 2021----Glory Venture, a Shanghai-based venture capital firm that invests in China and Israel, has hit the close of its second USD denominated fund at $120 million, bringing its assets under management to CNY 2 billion ($313 million). The fund has secured commitments from global renowned institutional investors, tycoons in fields such as finance, data center and consumer electronics, and entrepreneurs in the internet field. Moreover, Unicorn Capital Partners, a Hong Kong-based venture capital FOF manager, is one of the cornerstone investors. Read more…

CITIC Securities Pairs up With SAIC Motor to Launch $1.5 Billion Fund in Wuxi

31 May 2021----CITIC Securities, a Chinese full-service investment bank, has reached agreement with SAIC Motor, Shanghai-based Chinese automaker, to launch a CNY 10 billion ($1.5 billion) fund for manufacturing industry in Shanghai’s neighbor city Wuxi. The new vehicle targets CNY 6 billion ($938.2 million) in the first close. The investment focus for this new fund will lie on high-end equipment, smart manufacturing, smart connectivity, semiconductor, AI, industrial internet, information security and other fields that boasts innovative values. Read more…


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PE Weekly | News and Events in Chinese PE Market (2021.6.6-2021.6.13)
PE Weekly | News and Events in Chinese PE Market (2021.5.31-2021.6.6)
A Deep Dive into Hainan’s QDLP Policy
REGISTER NOW !
CHINA-BASED
GLOBAL PLATFORM
FOR GPs & LPs
E-mail adress
Password
l read and agree to
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Create a new account Sign up!
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CHINA-BASED
GLOBAL PLATFORM
FOR GPs & LPs
Name
Surname
E-mail address
Password
Confirm password
l read and agree to
Terms&Conditions
Already have an account? Sign in!
Please go to the mailbox to approve the registration
CHINA-BASED
GLOBAL PLATFORM
FOR GPs & LPs
FOF WEEKLY Account terms of service
1. Members registered in this website must abide by the provisions on the administration of Internet electronic announcement service, and shall not publish information such as defamation of others, invasion of others' privacy, infringement of others' intellectual property rights, spread of viruses, political speech, commercial information, etc.
2, in all the articles published in the site, the site has the final right to edit, and reserve the right to print or publish to a third party, if your information is not complete, we will have the right to use your work published in the site without any notice.
3. During the registration process, you will choose the registration name and password. The choice of registration name shall comply with laws, regulations and social ethics. You must keep your password confidential and you will be responsible for all activities that take place under your registered name and password.
Already have an account? Sign in!
E-mail adress

PE Weekly | News and Events in Chinese PE Market (2021.5.31-2021.6.6)

FOF Weekly Updated June 06, 2021


This week (2021.5.31-2021.6.6), PE Weekly covers Fundraising news on PE market.

Fundraising

Xiamen Debuts First Fund for Talents in Fujian Province

4 June 2021----Xiamen Jinyuan Investment Group Co., Ltd, under the guidance from Xiamen local government, joined hands with Shenzhen HTI Group Co., Ltd to launch the first fund for talents development in Fujian province. The CNY 300 million ($46.9 million) fund focuses on the investment opportunities in high-level talent start-ups in fields such as new-generation IT, IoT, new materials, high-end equipment manufacturing, and other hard and core technologies. Read more…

Xiaoshan of Hangzhou to Launch $1.5 Billion Government-Guided Fund

4 June 2021----Xiaoshan district of Hangzhou city announced to launch a government-guided fund for boosting local science and technology innovation. Read more…

Wuhai Sets up First Government-Guided PE Fund

3 June 2021----Wuhai city, Inner Mongolia, sets up a new fund of CNY 200 million ($31.3 million), which is the first government-guided PE fund in the city, to invest in enterprises in fields such as new energy, new material, fine chemicals. Read more…

Hangzhou Welcomes $94 Million Fund for Healthcare Industry

3 June 2021----Xiaoshan Science City Industrial Development Fund, as one of the LPs, has completed the fundraising for a new CNY 600 million ($94 million) fund for healthcare industry. The new vehicle will mainly focus on investments in new drug R&D and high-end medical equipment fields. Read more…

China’s Oceanpine Capital Closes RMB Fund at $313 Million for Deep Tech Bets

3 June 2021----Chinese investment firm Oceanpine Capital has closed a new RMB-denominated fund at CNY 2 billion ($313.4 million) as it seeks to up the ante on deep technology investments. The new vehicle secured commitments from local government-guided funds, FOFs, and deep tech companies. Read more…

China’s Fortune Capital Announces First Close of RMB Fund at $860 Million

3 June 2021----Fortune Capital, a Chinese venture capital firm, announced the first closing of its RMB-denominated fund at over CNY 5.5 billion ($860 million). The fund targets CNY 6.8 billion ($1.1 billion) in total. The new vehicle has secured support from most of the previous investors and several new leading LPs. The investors vary from state-owned companies, financial institutions, market-oriented fund of funds as well as family offices. The fund will dig even further in the fields of smart manufacturing, healthcare, new-generation information technology, big consumption and enterprise services. Read more…

China’s Marubi Biotechnology to Invest in $39 Million Fund

2 June 2021----Guangdong Marubi Biotechnology Co., Ltd announced the commitment of CNY 200 million ($31.3 million) to a CNY 250 million ($39.1 million) fund which targets opportunities in cosmetic, personal care, new consumption and other consumer related fields. Read more…

China’s Zhongchao Holdings to Co-Launch $47 Million Fund for Healthcare Industry

2 June 2021----Jiangsu Zhongchao Holdings Co., Ltd, a leading wire and cable manufacturer, has announced the partnership with Su Min Investment Management Wuxi Co., Ltd and Su Min Kaiyuan Wuxi Investment Co., Ltd to launch CNY 300 million ($46.9 million) fund for healthcare industry, targeting CNY 100 million ($15.5 million) in the first close. The fund has secured CNY 35 million ($5.5 million) from Zhongchao Holdings. Read more…

China’s Zhongguancun Science Park Signs $4.7 Billion Fund for City Renewal

2 June 2021----Zhongguancun Science Park, one of China’s innovation hub, has signed a new fund of CNY 30 billion ($4.7 billion), involving major companies specialized in construction. The fund aims to promote city renewal and development in Beijing. Read more…

China’s Gemdale to Commit $47 Million to Co-Launch Fund

1 June 2021----Gemdale Group, a Chinese real estate company, announced the partnership between its subsidiary and other investors ranging from state-owned companies in Suzhou to institutional investors across the country to launch a CNY 2.08 billion ($326.5 million) fund. The fund aims to serve the future development of Gemdale Group. Read more…

Henan Province Debuts First Government-Guided Fund for Culture and Tourism Industry

31 May 2021----Henan Culture and Tourism Integrated Development Fund, initiated by Henan Cultural Industry Investment Co., Ltd, has reached the first close of CNY 1.55 billion ($242.4 million) with the commitments of CNY 480 million ($75 million) and CNY 1.07 billion ($137.4 million) from the provincial government and state-owned companies respectively. The new fund is launched to promote the integration of local culture, tourism and related industries. Read more…

Guizhou Province Unveils Fund for IoT Industry

31 May 2021----Shanghai-headquartered PreIPO partners with FC Financial Holdings and other 6 investors to launch a fund for IoT industry in China’s southwestern Guizhou province. The fund, with the fundraising scale of CNY 200 million ($31.2 million) in the first close, aims to promote the development of members of Guizhou IoT Development Association through private equity investments. Read more…

China’s V-Capital Hits the First Close of RMB Fund at $235 Million

31 May 2021----V-Capital, the asset management platform of the publicly-traded textile material maker Jiangsu Huaxicun, announced the first close of its new fund at CNY 1.5 billion ($234.6 million), securing support from investors old and new ranging from local government-guided funds to local state-owned enterprises. The new fund aims to look for opportunities in fields such as healthcare, big health, TMT, culture services, integrated circuit semiconductor, ne-generation technology, smart manufacturing, and new energy. Read more…

China’s VC Glory Ventures Closes Second USD Fund at $120 Million

May 31, 2021----Glory Venture, a Shanghai-based venture capital firm that invests in China and Israel, has hit the close of its second USD denominated fund at $120 million, bringing its assets under management to CNY 2 billion ($313 million). The fund has secured commitments from global renowned institutional investors, tycoons in fields such as finance, data center and consumer electronics, and entrepreneurs in the internet field. Moreover, Unicorn Capital Partners, a Hong Kong-based venture capital FOF manager, is one of the cornerstone investors. Read more…

CITIC Securities Pairs up With SAIC Motor to Launch $1.5 Billion Fund in Wuxi

31 May 2021----CITIC Securities, a Chinese full-service investment bank, has reached agreement with SAIC Motor, Shanghai-based Chinese automaker, to launch a CNY 10 billion ($1.5 billion) fund for manufacturing industry in Shanghai’s neighbor city Wuxi. The new vehicle targets CNY 6 billion ($938.2 million) in the first close. The investment focus for this new fund will lie on high-end equipment, smart manufacturing, smart connectivity, semiconductor, AI, industrial internet, information security and other fields that boasts innovative values. Read more…