36Kr "Limited Partners in China's Equity Investment Market" List Evaluation | Initiate Research

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1. Startup Background

The equity investment industry is quietly adjusting and gradually entering a development stage.

In the first half of 2024, with the intensive introduction of equity investment-related policies such as the "New Nine Provisions of the State" and the "17 Provisions on Venture Capital", the supervision of private equity funds has become increasingly standardized, and the top-level design of the industry has been increasingly improved. Despite the superimposed impact of the world pattern and the economic/industry cycle, the difficulty of exit has become a common problem in the equity investment market; however, market participants are still seeking new opportunities in the right direction. For example, in various fields such as new-quality productive forces, low-altitude economy, medical and health, and artificial intelligence, there are continuous new progress.

Under the joint action of many complex factors, all participants in the equity investment market undoubtedly face unprecedented opportunities and challenges. For LP institutions, which are the more upstream sources of funds, it is more crucial to continuously explore and practice investment strategies that can adapt to the market and select excellent GPs with a strict and precise vision.

And with the changes in the market environment, the cooperation model between LPs and GPs is also constantly evolving, and the consensus in the field of innovation is gradually converging. LPs from different sources of funds and high-quality GPs work together towards a healthier and more sustainable industry ecosystem.

We have observed many attempts made by everyone's joint efforts. For example, the "S Fund", as an important liquidity provider in the primary market, is highly expected. Although it is still in the early stage, domestic S fund professional managers have made attempts in diverse transaction forms and strategies; and almost no LP does not get involved in the field of direct investment by the parent fund.

In the context of the current Chinese equity investment market, 36Kr initiates "Research on the List of Limited Partners in the Chinese Equity Investment Market".

As we have observed, in the rapidly developing equity investment market today, the role of Limited Partners (LPs) is increasingly prominent. They are not only the providers of funds but also the drivers of market development. This research will focus on market-oriented mother funds, government-guided funds, direct investment by mother funds, and S funds in the industry, hoping to conduct an in-depth analysis of the industry development trend - to provide more insights for the industry and promote the innovation and sustainable development of the Chinese equity investment market.

2. Award Settings

This research will be carried out around the following awards:

·The Most Concerned Market-oriented Mother Fund in China

·The Most Concerned Government-guided Fund in China

·The Most Concerned Direct Investment by Mother Fund in China

·The Most Concerned S Fund in China

The research will be based on the "36Kr Research Questionnaire for Limited Partners in the Chinese Equity Investment Market (2024)". The questionnaire will be sent to the applicant's email via email. It will cover multiple dimensions such as the basic information of LPs, the management of funds, and investment cases. The performance of LPs will be comprehensively evaluated through quantitative and qualitative analysis methods. The valid data collection period for this research is from January 1, 2021 to September 30, 2024.

3. Selection Process

October 14 - October 20 Startup registration

October 20 - November 1 Submission of registration materials

November 1 - November 15 Data review

In late November Release of research results

4. Participation Method

We sincerely invite all eligible LPs to participate in this research. Interested LPs please contact us through the following method: 36krmediair@36kr.com.

5. Others

We also launch the 36Kr "The Most Concerned Fund Town in China" selection. Please scan the QR code below to participate in the registration.