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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.
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PE Weekly | News and Events in Chinese PE Market (2021.3.29-2021.4.4)

FOF Weekly Updated April 04, 2021

This week (2021.3.29-2021.4.4), PE Weekly covers Fundraising and IPO news on PE market.

Fundraising

China’s Dental Product Manufacturer Perfect Group to Set up $38 Million Fund

3 April 2021----Perfect Group Co., Ltd, a Chinese dental products manufacturer, announced that its wholly-owned subsidiary Nanjing Yunjie Technology Co., Ltd intends to pour CNY 250 million ($38.1 million) to set up an equity investment fund partnership, which will focus on the investments in premium companies in personal care industries. Read more…

Hillhouse-Affiliate HM Capital Hits First Close of Debut USD Fund

2 April 2021----HM Capital, the healthcare-focused affiliate of private equity firm Hillhouse Capital, announced that it has reached the first close of its debut USD-denominated fund. HM Capital said its USD fund will target investments in biotech, medical instrument and digital healthcare. Read more…

New Funds Fuel the Growth and Foreign Investment in Guangzhou

2 April 2021----Nansha District government partners with Yuexiu Group and Guangzhou Finance Holdings to launch two funds of funds, both of CNY 10 billion ($1.5 billion) in total, in a bid to incubate new industries of strategic importance, promote financial innovation as well as technological innovations. Read more

China-Focused PE Hosen Capital Closes US Dollar Fund III at $800 Million

1 April 2021----Hosen Capital, a China-focused private equity firm focused on the food and consumer sectors, announced the final closing of its third US dollar fund, Hosen Private Equity III, with total capital commitments of $800 million. In a statement, the firm said that Fund III was oversubscribed by existing and new investors including asset managers, university endowments, pension funds, sovereign wealth funds, funds of funds, family offices, and investment consultancy institutions from the Asia Pacific, Europe, North America, and South America. Its limited partners also include global strategic corporations and investors. The fund will continue investing in buyout and growth opportunities in the food and consumer fields. Read more…

China’s Yipinhong Pharmacy to Commit $30.5 Million to Launch a Fund

1 April 2021----Yipinhong Pharmacy, a Chinese pharmaceutical enterprise, announced its partnership with GF Xinde Investment Management Co., Ltd and GF Qianhe Investment Co., Ltd to launch a venture industrial fund to which it plans to commit CNY 200 million ($30.5 million). The fund, with the total commitments of CNY 400 million ($60.9 million), mainly targets the investments in biomedicine and big health industries including R&D of new drugs and vaccines, digital medical services, etc. Read more…

China Everbright, AIoT Firm Terminus Raise Additional $305 Million for Smart City Fund

1 April 2021----CEL AI Economy Fund, jointly set up by financial conglomerate China Everbright Limited (CEL) and its technology platform Terminus Technologies, has raised another CNY 2 billion ($304.7 million) to launch its Fund III for investments in smart city solutions. The new capital commitment came from the local government of southwestern China’s Deyang City, Sichuan Province. The series of funds mainly invest in smart city solutions powered by artificial intelligence (AI) and Internet of Things (IoT). Read more…

Warburg-Backed New Ease Partners QuadReal to Launch $1 Billion Logistics Fund

31 March 2021----Warburg Pincus-backed Chinese logistics infrastructure services operator New Ease Limited announced a tie-up with Canadian global real estate manager QuadReal Property Group to launch a logistics development fund. With a total equity commitment of up to $1 billion, the fund will deploy capital in China’s logistics sector especially in top-tier cities. New Ease, which will serve as the investment and asset manager of the fund, claims that it has selected a portfolio of pipeline assets amounting to $1 billion. Read more…

Chinese Early-Stage VC Qingsong Fund Closes its Fourth RMB Fund at $152 Million

31 March 2021----Shenzhen-based early-stage venture capital firm Qingsong Fund for an aggregate of CNY 1 billion ($152.3 million). The latest capital commitments have come from Time Publishing and Media, Qianhai Inno-Tech Investment, an investment fund run by the Shenzhen government and other marquee limited partners (LPs). The fund will continue to focus on early- and growth-stage investments for new technology and new consumption ecosystems. As of now, it has poured capital into startups such as electronic component-based internet platform JustFit, automobile industry-driven Zhaochi Supply Chain, beauty care brand PolyVoly, and Yisun Technology. Read more…

China’s Ningbo City Sets up $15.2 Million Fund for Child-Friendly Industries

30 March 2021----Beilun District People’s Government, Ningbo City, announced to invest CNY 100 million ($15.2 million) to set up an industrial fund for building up a child-friendly city. The fund mainly invests in stationery products, child’s health, toy, and other industries. Read more…

China Sets up $1.5 Billion Fund for Carbon-Neutral Technology

30 March 2021----China’s greentech company Envision Group and venture capital firm Sequoia Capital China announced to co-launch a carbon-neutral technology fund worth CNY 10 billion ($1.52 billion). The fund will invest in and nurture leading technology companies in the global carbon-neutral field and build a new zero-carbon industrial system. Read more…

Sichuan Welcomes a $152 Million Fund for High-Level Talents

30 March 2021----Sichuan Academician Technology Innovation Investment Guidance Fund, initiated by Sichuan Development Holdings Co., Ltd, a wholly stated-owned company in Sichuan province, made its official debut, targeting CNY 1 billion in the first close ($152.3 million). The fund takes the role to provide support for high-level talents such as academician in China for their innovations. The fund now invests in biological therapy, hydrogen fuel, electronic information, innovative drugs, intelligent manufacturing and other fields. Read more…

China’s Shanshui Environment to Commit $68.5 Million to Two Funds

29 March 2021----Shanshui Environment Technology Inc. announced that it plans to launch a CNY 380-million ($57.9 million) fund with its commitment of CNY 150 million ($22.8 million) together with Jiangxi Zhongyue Construction Group Co., Ltd and Fujian Yuan Fang Group, focusing in the investments in China (Zhumadian) International Agricultural Products Processing Industrial Park Phase I. It also partners with CITIC Construction Co., Ltd to set up a CNY 1.5-billion ($228.4 million) fund with the commitment of CNY 300 million ($45.7 million) to invest in PPP projects in Ziyang Airport Economic Zone in Tianfu International Airport. Read more

IPO

China’s Energy Monster listed on Nasdaq 17.64% up on the First Day of Listing

1 April 2021----Energy Monster, a Chinese battery sharing startup made its official debut on Nasdaq, becoming the “first stock of shared charging”. On the first day of listing, the price rose 17.64% to US$10, with a market value of US$2.7 billion. Energy Monster has secured support from cornerstone investors including Hillhouse Capital, Aspex Management (HK) Ltd as well as Xiaomi. Read more…


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PE Weekly | News and Events in Chinese PE Market (2021.7.19-2021.7.25)
How to Exit Venture Capital Investments Successfully
PE Weekly | News and Events in Chinese PE Market (2021.7.12-2021.7.18)
REGISTER NOW !
CHINA-BASED
GLOBAL PLATFORM
FOR GPs & LPs
E-mail adress
Password
l read and agree to
Terms&Conditions
Create a new account Sign up!
Forget Password
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 (2021.3.29-2021.4.4)

FOF Weekly Updated April 04, 2021

This week (2021.3.29-2021.4.4), PE Weekly covers Fundraising and IPO news on PE market.

Fundraising

China’s Dental Product Manufacturer Perfect Group to Set up $38 Million Fund

3 April 2021----Perfect Group Co., Ltd, a Chinese dental products manufacturer, announced that its wholly-owned subsidiary Nanjing Yunjie Technology Co., Ltd intends to pour CNY 250 million ($38.1 million) to set up an equity investment fund partnership, which will focus on the investments in premium companies in personal care industries. Read more…

Hillhouse-Affiliate HM Capital Hits First Close of Debut USD Fund

2 April 2021----HM Capital, the healthcare-focused affiliate of private equity firm Hillhouse Capital, announced that it has reached the first close of its debut USD-denominated fund. HM Capital said its USD fund will target investments in biotech, medical instrument and digital healthcare. Read more…

New Funds Fuel the Growth and Foreign Investment in Guangzhou

2 April 2021----Nansha District government partners with Yuexiu Group and Guangzhou Finance Holdings to launch two funds of funds, both of CNY 10 billion ($1.5 billion) in total, in a bid to incubate new industries of strategic importance, promote financial innovation as well as technological innovations. Read more

China-Focused PE Hosen Capital Closes US Dollar Fund III at $800 Million

1 April 2021----Hosen Capital, a China-focused private equity firm focused on the food and consumer sectors, announced the final closing of its third US dollar fund, Hosen Private Equity III, with total capital commitments of $800 million. In a statement, the firm said that Fund III was oversubscribed by existing and new investors including asset managers, university endowments, pension funds, sovereign wealth funds, funds of funds, family offices, and investment consultancy institutions from the Asia Pacific, Europe, North America, and South America. Its limited partners also include global strategic corporations and investors. The fund will continue investing in buyout and growth opportunities in the food and consumer fields. Read more…

China’s Yipinhong Pharmacy to Commit $30.5 Million to Launch a Fund

1 April 2021----Yipinhong Pharmacy, a Chinese pharmaceutical enterprise, announced its partnership with GF Xinde Investment Management Co., Ltd and GF Qianhe Investment Co., Ltd to launch a venture industrial fund to which it plans to commit CNY 200 million ($30.5 million). The fund, with the total commitments of CNY 400 million ($60.9 million), mainly targets the investments in biomedicine and big health industries including R&D of new drugs and vaccines, digital medical services, etc. Read more…

China Everbright, AIoT Firm Terminus Raise Additional $305 Million for Smart City Fund

1 April 2021----CEL AI Economy Fund, jointly set up by financial conglomerate China Everbright Limited (CEL) and its technology platform Terminus Technologies, has raised another CNY 2 billion ($304.7 million) to launch its Fund III for investments in smart city solutions. The new capital commitment came from the local government of southwestern China’s Deyang City, Sichuan Province. The series of funds mainly invest in smart city solutions powered by artificial intelligence (AI) and Internet of Things (IoT). Read more…

Warburg-Backed New Ease Partners QuadReal to Launch $1 Billion Logistics Fund

31 March 2021----Warburg Pincus-backed Chinese logistics infrastructure services operator New Ease Limited announced a tie-up with Canadian global real estate manager QuadReal Property Group to launch a logistics development fund. With a total equity commitment of up to $1 billion, the fund will deploy capital in China’s logistics sector especially in top-tier cities. New Ease, which will serve as the investment and asset manager of the fund, claims that it has selected a portfolio of pipeline assets amounting to $1 billion. Read more…

Chinese Early-Stage VC Qingsong Fund Closes its Fourth RMB Fund at $152 Million

31 March 2021----Shenzhen-based early-stage venture capital firm Qingsong Fund for an aggregate of CNY 1 billion ($152.3 million). The latest capital commitments have come from Time Publishing and Media, Qianhai Inno-Tech Investment, an investment fund run by the Shenzhen government and other marquee limited partners (LPs). The fund will continue to focus on early- and growth-stage investments for new technology and new consumption ecosystems. As of now, it has poured capital into startups such as electronic component-based internet platform JustFit, automobile industry-driven Zhaochi Supply Chain, beauty care brand PolyVoly, and Yisun Technology. Read more…

China’s Ningbo City Sets up $15.2 Million Fund for Child-Friendly Industries

30 March 2021----Beilun District People’s Government, Ningbo City, announced to invest CNY 100 million ($15.2 million) to set up an industrial fund for building up a child-friendly city. The fund mainly invests in stationery products, child’s health, toy, and other industries. Read more…

China Sets up $1.5 Billion Fund for Carbon-Neutral Technology

30 March 2021----China’s greentech company Envision Group and venture capital firm Sequoia Capital China announced to co-launch a carbon-neutral technology fund worth CNY 10 billion ($1.52 billion). The fund will invest in and nurture leading technology companies in the global carbon-neutral field and build a new zero-carbon industrial system. Read more…

Sichuan Welcomes a $152 Million Fund for High-Level Talents

30 March 2021----Sichuan Academician Technology Innovation Investment Guidance Fund, initiated by Sichuan Development Holdings Co., Ltd, a wholly stated-owned company in Sichuan province, made its official debut, targeting CNY 1 billion in the first close ($152.3 million). The fund takes the role to provide support for high-level talents such as academician in China for their innovations. The fund now invests in biological therapy, hydrogen fuel, electronic information, innovative drugs, intelligent manufacturing and other fields. Read more…

China’s Shanshui Environment to Commit $68.5 Million to Two Funds

29 March 2021----Shanshui Environment Technology Inc. announced that it plans to launch a CNY 380-million ($57.9 million) fund with its commitment of CNY 150 million ($22.8 million) together with Jiangxi Zhongyue Construction Group Co., Ltd and Fujian Yuan Fang Group, focusing in the investments in China (Zhumadian) International Agricultural Products Processing Industrial Park Phase I. It also partners with CITIC Construction Co., Ltd to set up a CNY 1.5-billion ($228.4 million) fund with the commitment of CNY 300 million ($45.7 million) to invest in PPP projects in Ziyang Airport Economic Zone in Tianfu International Airport. Read more

IPO

China’s Energy Monster listed on Nasdaq 17.64% up on the First Day of Listing

1 April 2021----Energy Monster, a Chinese battery sharing startup made its official debut on Nasdaq, becoming the “first stock of shared charging”. On the first day of listing, the price rose 17.64% to US$10, with a market value of US$2.7 billion. Energy Monster has secured support from cornerstone investors including Hillhouse Capital, Aspex Management (HK) Ltd as well as Xiaomi. Read more…