PE Weekly | News and Events in Chinese PE Market (2020.12.21-2020.12.27)

This week (2020.12.21-2020.12.27), PE Weekly covers Fundraising news on PE market.
FOF WeeklyJan 01,2021,14:34

This week (2020.12.21-2020.12.27), PE Weekly covers Fundraising news on PE market. 

Fundraising

China Unicom’s Subsidiary Initiates $1.5B 5G Industry Investment Fund

25 December 2020----China Unicom’s subsidiary, Unicom Innovation Venture Capital Co., Ltd. initiates the China Unicom 5G Industry Investment Fund and subscribes for CNY 6 billion ($917.2 million) of fund shares as a limited partner.  Read more...

GLP Closes $675M Third China Value-Add Fund in Record Fundraising Year

23 December 2020----Asia’s biggest warehouse operator GLP announced that it has built a new China fund, GLP China Value-Add Venture III (GLP CVA III), with an investment firepower of CNY 4.5 billion ($687.9 million) to back logistics assets in Shanghai.

Singapore-based GLP built the new fund with a group of international and Chinese institutional investors through a parallel fund structure – an investment vehicle that co-invests and exits alongside the main fund. As the third China-focused value-add fund in GLP’s logistics real estate series, the GLP CVA III will invest in modern logistics assets in GLP Park Lingang in eastern China’s Shanghai City.  Read more...

CRHC Co-Launches $1.5B Fund to Boost Technological Innovation

23 December 2020----China Reform Holdings Corporation Ltd. (CRHC) has set up a CNY 10 billion ($1.5 billion) fund with several other centrally-administrated state-owned enterprises (SOE) and local SOEs to boost the technological innovation of Chinese exemplary SOEs. The new vehicle targets CNY 5 billion ($764.3 million) for phase I.  Read more...

China’s First Civil Aviation-Focused Fund Lands in Shandong

23 December 2020----Shandong Provincial Airport Management Group Co., Ltd. has joined hands with local municipal governments of Shandong province to launch China’s first industry investment fund specializing in civil aviation. The vehicle, dubbed as Shandong Airport Construction Investment Fund, adopts the structure of fund of funds (FoF) and sub-funds, and its first phase targets CNY 30 billion ($4.6 billion). More than 70 % of the FoF will be invested in airport construction in Shandong province, with the rest devoted to related industries to local civil aviation.  Read more...

Konka Sets up $306M Fund for Semiconductor Industry

21 December 2020----Konka, a leading technology company in China, and the Chongqing Bishan District Investment Platform jointly establish the CNY 2 billion ($305.7 million) Chongqing Kangxin Semiconductor Industry Equity Investment Fund, to invest in new semiconductor materials, equipment, chips, IC design, packaging, and testing.  Read more...

China Chengtong Group Co-Launches China Structural Reform Fund II

20 December 2020----China Chengtong Holding Group has signed the cooperation agreement with Wuxi Municipal Government to co-initiate China Structural Reform Fund II as the cornerstone investors. 

China Structural Reform Fund II targets no less than CNY 100 billion ($15.3 billion) to mainly invest in key areas and state-owned enterprises concerning national security and the lifelines of national economy.

In September 2016, under the approval of the State Council and entrusted by State-owned Assets Supervision and Administration Commission of the State Council, China Chengtong initiated the China Structural Reform Fund (CSRF). The size of the fund is CNY 350 billion ($53.5 million) and CNY 131 billion ($20.0 million) was raised at the initial stage. Read more...

Topics:Private Equity; Venture Capital; China
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