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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 (2021.5.24-2021.5.30)

FOF Weekly Updated May 30, 2021


This week (2021.5.24-2021.5.30), PE Weekly covers Fundraising news on PE market.

Fundraising

Gaw Capital Holds First Close on Proptech Fund at $430 Million

28 May 2021----Gaw Capital, Hong Kong-headquartered real estate market focused PE fund management company, announced the closing of its first growth equity fund for property technology with secured commitments of CNY 2.74 billion ($430 million). The new vehicle has received investments from a number of institutional investors in Gaw’s flagship real estate fund series, endowments and new investors. Read more…

China’s Ally Capital Closes Third RMB Fund at $79 Million

28 May 2021----China’s AI investment-focused PE Ally Capital announced the closing of its third RMB-denominated fund at CNY 500 million ($78.5 million) with the commitments from cornerstone investors including Hundsun Eletronics, Shanghai Guofang FOF Equity Investment Management Co., Ltd, FinVolution, Septwolves Holdings, and Hotwind. The fund will continue to uphold the principle of technology-driven and invest in companies related to AI, blockchain, cloud computing, and big data. Read more…

China’s Yingke PE Secures $1.5 Billion for New RMB Fund

27 May 2021----Chinese investment firm Yingke PE announced the final close of a new RMB-denominated fund at CNY 10 billion ($1.55 billion) targeting the investments in biomedicine and hard technology sectors. The fund has secured commitments from industrial capital, government-guided industrial fund, financial institutions. Read more…

China’s Urumqi Introduces $155 Million Fund for Technology Innovation and Development

26 May 2021----Urumqi has set up a CNY 1 billion ($155 million) fund to direct private capital into local strategic emerging sectors such as new-generation information technology, high-end equipment manufacturing, new materials, biology, new energy, energy conservation, digital creation, and related service industries. Read more…

China Launches $11 Billion of Funds to Reform State-Owned Firms

26 May 2021----China Reform Holdings Co., a state-run investment firm, and group pf local state asset regulators have launched a suite of equity investment funds totaling CNY 70 billion ($11 billion), to which CRH committed CNY 10 billion ($1.5 billion) to help improve state-owned enterprises’ corporate governance and turn them more market oriented. Read more…

SAIC Motor Closes New PE Fund at $30.8 Million

25 May 2021----SAIC Motor, China’s largest automaker, has completed the fundraising for its new PE fund in the first closing at CNY 1.5 billion ($235.5 Million). The new vehicle eyes on the opportunities in automobile electronics, new energy, smart connectivity, travel service, new material, semiconductor, information security and other sectors related to automobile industrial chain. Read more…

State-Owned Enterprises in Hunan Pair up to Launch $86 Million Fund

25 May 2021----Four state-owned enterprises joined hands in hands to launch a PE fund of CNY 550 million ($86 million) to boost local development. The fund will mainly invest in unlisted companies in sectors such as IT, consumption and enterprise service, smart manufacturing, medical health, and military industry. Read more…

Lvliang, Shanxi Welcomes $309 Million Fund for Baijiu Industry and $1.5 Billion Fund for Culture and Tourism Industry

25 May 2021----Lvliang, located in central Shanxi province, announced the launch of two funds in support of local baijiu industry and culture and tourism industry. The two funds target CNY 2 billion ($308 million) and CNY 10 billion ($1.5 billion) respectively. Read more…

China’s Yingke PE Completes Fundraising for Third USD Fund

24 May 2021---- Chinese investment firm Yingke PE announced the final close of its third US dollar-denominated fund. Receiving most of the investments from familiar LPs, the new vehicle will continue to back up the biomedicine startups. Read more…

China’s Teda Investment Holdings Partners with CAS Holdings to Set up $1.5 Billion FOF

24 May 2021----Teda Investment Holdings has reached agreement with Chinese Academy of Sciences Holdings to co-launch a FOF of CNY 10 billion ($1.5 billion) to enhance cooperation in equity fund investments. The new fund will focus on new-generation IT, biomedicine, high-end equipment manufacturing, new energy, new material and other sectors that meet national strategic demands. Read more…

Gangxi Investment Group Co-Launches $628 Million Fund for Lithium Battery Development

24 May 2021----Guangxi Investment Group has reached agreements with other investors to set up a CNY 4 billion ($628 million) fund to invest in local lithium battery integrated industrial park project. Read more…

Xiamen’s First Green Development Fund Gets Approved

24 May 2021----The first industrial fund themed as carbon neutrality in Xiamen has been approved. The new fund totaling CNY 3 billion ($471 million) targets CNY 300 million ($47.1 million) in the first close. It mainly invests in renewable energy related green environment and green energy industries. Read more…

Dongguan to Set up $1.5 Billion Government-Guided Fund

24 May 2021----Dongguan municipal government plans to set up a CNY 10 billion ($1.5 billion) strategic emerging industry guidance fund to invest in new-generation IT, high-end equipment manufacturing, smart manufacturing, new material, new energy, biomedicine, and digital economy. Read more…


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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 (2021.5.24-2021.5.30)

FOF Weekly Updated May 30, 2021


This week (2021.5.24-2021.5.30), PE Weekly covers Fundraising news on PE market.

Fundraising

Gaw Capital Holds First Close on Proptech Fund at $430 Million

28 May 2021----Gaw Capital, Hong Kong-headquartered real estate market focused PE fund management company, announced the closing of its first growth equity fund for property technology with secured commitments of CNY 2.74 billion ($430 million). The new vehicle has received investments from a number of institutional investors in Gaw’s flagship real estate fund series, endowments and new investors. Read more…

China’s Ally Capital Closes Third RMB Fund at $79 Million

28 May 2021----China’s AI investment-focused PE Ally Capital announced the closing of its third RMB-denominated fund at CNY 500 million ($78.5 million) with the commitments from cornerstone investors including Hundsun Eletronics, Shanghai Guofang FOF Equity Investment Management Co., Ltd, FinVolution, Septwolves Holdings, and Hotwind. The fund will continue to uphold the principle of technology-driven and invest in companies related to AI, blockchain, cloud computing, and big data. Read more…

China’s Yingke PE Secures $1.5 Billion for New RMB Fund

27 May 2021----Chinese investment firm Yingke PE announced the final close of a new RMB-denominated fund at CNY 10 billion ($1.55 billion) targeting the investments in biomedicine and hard technology sectors. The fund has secured commitments from industrial capital, government-guided industrial fund, financial institutions. Read more…

China’s Urumqi Introduces $155 Million Fund for Technology Innovation and Development

26 May 2021----Urumqi has set up a CNY 1 billion ($155 million) fund to direct private capital into local strategic emerging sectors such as new-generation information technology, high-end equipment manufacturing, new materials, biology, new energy, energy conservation, digital creation, and related service industries. Read more…

China Launches $11 Billion of Funds to Reform State-Owned Firms

26 May 2021----China Reform Holdings Co., a state-run investment firm, and group pf local state asset regulators have launched a suite of equity investment funds totaling CNY 70 billion ($11 billion), to which CRH committed CNY 10 billion ($1.5 billion) to help improve state-owned enterprises’ corporate governance and turn them more market oriented. Read more…

SAIC Motor Closes New PE Fund at $30.8 Million

25 May 2021----SAIC Motor, China’s largest automaker, has completed the fundraising for its new PE fund in the first closing at CNY 1.5 billion ($235.5 Million). The new vehicle eyes on the opportunities in automobile electronics, new energy, smart connectivity, travel service, new material, semiconductor, information security and other sectors related to automobile industrial chain. Read more…

State-Owned Enterprises in Hunan Pair up to Launch $86 Million Fund

25 May 2021----Four state-owned enterprises joined hands in hands to launch a PE fund of CNY 550 million ($86 million) to boost local development. The fund will mainly invest in unlisted companies in sectors such as IT, consumption and enterprise service, smart manufacturing, medical health, and military industry. Read more…

Lvliang, Shanxi Welcomes $309 Million Fund for Baijiu Industry and $1.5 Billion Fund for Culture and Tourism Industry

25 May 2021----Lvliang, located in central Shanxi province, announced the launch of two funds in support of local baijiu industry and culture and tourism industry. The two funds target CNY 2 billion ($308 million) and CNY 10 billion ($1.5 billion) respectively. Read more…

China’s Yingke PE Completes Fundraising for Third USD Fund

24 May 2021---- Chinese investment firm Yingke PE announced the final close of its third US dollar-denominated fund. Receiving most of the investments from familiar LPs, the new vehicle will continue to back up the biomedicine startups. Read more…

China’s Teda Investment Holdings Partners with CAS Holdings to Set up $1.5 Billion FOF

24 May 2021----Teda Investment Holdings has reached agreement with Chinese Academy of Sciences Holdings to co-launch a FOF of CNY 10 billion ($1.5 billion) to enhance cooperation in equity fund investments. The new fund will focus on new-generation IT, biomedicine, high-end equipment manufacturing, new energy, new material and other sectors that meet national strategic demands. Read more…

Gangxi Investment Group Co-Launches $628 Million Fund for Lithium Battery Development

24 May 2021----Guangxi Investment Group has reached agreements with other investors to set up a CNY 4 billion ($628 million) fund to invest in local lithium battery integrated industrial park project. Read more…

Xiamen’s First Green Development Fund Gets Approved

24 May 2021----The first industrial fund themed as carbon neutrality in Xiamen has been approved. The new fund totaling CNY 3 billion ($471 million) targets CNY 300 million ($47.1 million) in the first close. It mainly invests in renewable energy related green environment and green energy industries. Read more…

Dongguan to Set up $1.5 Billion Government-Guided Fund

24 May 2021----Dongguan municipal government plans to set up a CNY 10 billion ($1.5 billion) strategic emerging industry guidance fund to invest in new-generation IT, high-end equipment manufacturing, smart manufacturing, new material, new energy, biomedicine, and digital economy. Read more…