Nanjing 2 billion mother fund, here

This time is Nanjing.

The investment community-decoding LP learned from Nanjing that the Qinhuai Industry Guidance Fund with a scale of 2 billion yuan was officially released, and Nanjing Innovation Investment Group as the fund manager. It is reported that the fund will adopt the "mother and child fund" operation method, focusing on the "4+4" leading industry and segments of the "4+4", focusing on the Focus of the Internet of Things and blockchain, industrial intelligence, new consumption, e -commerce, cultural and creative industries and other industries In the field of categories and science and technology innovation, realize the linkage.

Qinhuai represented the prosperity of Jinling in the past, and now this fertile soil has extended an olive branch to VC/PE across the country. The purpose is not difficult to understand -with fund investment as the starting point, and continuously introduce high -quality projects, capital, and talents to Qinhuai. This is also a microcosm of the outbreak of the National Mother Fund this year.

Nanjing 2 billion Guidance Fund

Selection requirement

The establishment of the Qinhuai Industry Guidance Fund was not surprised.

The investment industry-decoding LP learned that in recent years, Qinhuai District has focused on building the "4+4" leading industry, that is, the four leading industries including business, commerce, modern finance, cultural tourism, software and information services, and cognitive IoT and Internet of Vehicles , Four new industries such as artificial intelligence and great health. Therefore, in the fund operation, it will also focus on supporting the development of strategic emerging industries and high -tech industries in the early days of entrepreneurship.

Specifically -the guidance funds set up this time are mainly operated by the "mother -child fund", and the investment business is carried out by setting up a sub -fund.

First of all, fund managers need to give priority to the relevant demands of Qinhuai District for the implementation of high -quality projects and project recruitment. They have a certain number of requirements for the number of reserve projects and projects that are proposed to be introduced.

Secondly, the fund manager needs to have a deeper comprehensive service capabilities and resources, which can better provide post -investment value -added services for the invested enterprises, and further meet the needs of Qinhuai Industry Guidance Fund to investigate and promote the recruitment.

Third, in order to ensure the operating efficiency of the Qinhuai Industry Guidance Fund and give full play to the leverage of the financial capital investment guidance fund, the management agency should have raised at least 50%of the funds to be established with a total of 50%of the sub -fund when submitting the application plan.

In addition to the sub -fund investment, the Qinhuai Mother Fund also reserves a passage for the investment of high -quality direct investment projects. It can invest in direct projects by the approval of the Qinhuai District Management Committee, but the investment scale of direct project investment does not exceed 20 of the fund subscribed by the fund's total capital contribution. %. It mainly faces the leading industry that is in line with Qinhuai District, has a good operating performance, and has a strong industrial driving and high -growth direct investment projects. I hope to train a group of specialized new, high -tech and high -tech and high -tech and high -tech technology and high -tech technology through the project. Gazette, unicorn company.

In addition, the formulation of the decision -making process of the Qinhuai Mother Fund must first make a market -oriented judgment from the business and business level by the parent fund manager, and then through the compliance of the project from the Qinhuai Industry Management Committee and the ultimate against Qinhuai District to Qinhuai District The final review of the promotion of industrial development.

It is worth noting that the cumulative investment of the fund shall not exceed 20%of the total subscribed capital contribution of this partnership. As the largest investor or shareholder.

The fund's establishment is based on the industrial foundation of Qinhuai District. It is reported that the software and information service industry is one of the four leading industries in Qinhuai District. In addition, consumer retail and cultural industries have always been the leading characteristic industry of Qinhuai District. Data show that the total retail sales of social consumer goods in Qinhuai District have always ranked first in the city, and it is also the most developed area of ​​Nanjing's cultural industry.

At present, the Internet of Things, Internet of Things, and artificial intelligence are also the key development industries in Qinhuai District with district characteristics. Among them, the Internet of Things has basically formed a full industry chain covering key links covering the Internet of Things hardware, software, system integration and operational services. There are 230 related companies in the region's Internet of Things industry, and the size of the Internet of Things industry reaches 30 billion yuan.

"R & D and transformation of investment in scientific and technological achievements and long investment cycles, often falling in the last mile of industrialization due to difficulty in financing. At this time Equity investment just plays a role in accurate assistance. "Wan Shun, general manager of Nanjing Innovation Investment Group Co., Ltd., said that the establishment of an industrial guidance fund can give play to the advantages of" government guidance, marketization operation, and professional management "on the one hand In terms of project acquisition, project research and judgment, project empowerment, and exit mechanism, the development of characteristic industrial clusters is leveled; on the other hand, the funds of funds are used as the starting point of attracting investment, with the recruitment of recruitment, promoting the recruitment, and the high -quality projects, and the high -quality projects will be used to make high -quality projects. , Capital and Talent Living Water Sources continuously introduced Qinhuai.

Nanjing, the rising venture capital force

In just a few years, Nanjing's figure has become more and more active in China ’s venture capital circle.

Roughly speaking, Nanjing has successively introduced the "Several Opinions of Accelerating the Construction of the Science and Technology and Financial System to Promote Science and Technology Entrepreneurship", "Nanjing City's Implementation Rules for Promoting the Development of Equity Investment Institutions to Promote Science and Technology Innovation and Entrepreneurship (Trial)", improve financial services, and give equity to equity Multiple preferential policies in investment institutions encourage various market entities to invest in the establishment of equity investment funds in Nanjing to better serve Nanjing science and technology enterprises.

Among them, at the end of March of this year, the Nanjing Lishui District Science and Technology and Innovation Mother Fund publicly solicited investment fund management agencies and establishment plans for the society. The fund is established by the Guanshui District Government and operated in a market -oriented manner. The total scale is 300 million yuan. In the industrial field, the relevant projects, new R & D institutions and project cultivation, innovative enterprises and industrial cultivation, and talent introduction project cultivation in Laishui District will support the Langshui District. In order to exit the unblocked guidance fund, Nanjing also began to explore the S fund. In mid -to -late May, Nanjing's first urban area linkage and market -oriented S fund -Zijin Jianye S Fund held a signing ceremony at the Goldfish Mouth Fund Building. This is also the first S fund established by Nanjing.

It is reported that Zijin Jianye F Fund was jointly launched by Nanjing Innovation Investment Group and Jianye Gao Investment Group, with a total scale of 1 billion yuan. The main investors include Nangang Steel, Southeast Fund, Sheng Jing Jiacheng, and Tianxin Investment. The market -oriented S Fund will target the trading opportunity of the share of the private equity investment fund, and invest in the second -hand share of high -quality funds.

Speaking of Jianye District, I have to mention the Nanjing Goldfish Mouth Fund District, which came out of this. As of now, the blocks have now gathered more than 1,000 equity investment institutions such as Source Capital Capital, Yida Capital, and Huaying Capital. The total registered scale of the fund exceeded 360 billion yuan, and the average annual growth rate exceeded 50%.

For the competence, Nanjing is not allowed to give up. Let's look at a set of data -Qingke Research Center data show that Nanjing's investment amount in 2021 increased by 253.5%year -on -year. According to the number of investment cases, it entered the 2021 China's equity investment market investment active TOP10, followed by Beishang, Guangzhou and Shenzhen, etc. After first -tier cities. From the perspective of the newly raised fund, in 2021, a total of 148 fund raised funds in Nanjing, with a total amount of 89.937 billion yuan, and the amount of fundraising increased by 231.9%year -on -year, and the total fundraising ranked 6th in the country.

This directly acts on the industrial development of Nanjing. According to incomplete statistics, in the past ten years, listed companies in Nanjing have increased from 61 to more than 150. In the past ten years, more than two -thirds of the new listed companies in A shares belong to scientific and technological innovation -driven enterprises. Medical creatures have formed a significant "industrial cluster" with 17 listed companies.

"The ancient capital of the six dynasties, the ten dynasties, the capital", now Jinling City is attracting a lot of VC/PE to take root.

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