In 2024, 36Kr's "China Equity Investment Fund Limited Partner Series Roster" | Officially Released
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Produced by 36Kr Venture Capital Research Institute
Since the beginning of the first half of 2024, relevant policies on the private equity fund industry have been intensively introduced, with increasingly standardized supervision and an increasingly improved top-level industry design.
Although, on the whole, all ends of fundraising, investment, management, and exit are facing the impact of a downward trend, and the reflux pressure caused by insufficient capital liquidity is relatively large, all participants in the equity investment market are still resilient and are jointly entering a new round of market cycles.
At a time when the domestic and international market environment is changing and the Chinese economy is undergoing a major transformation, LP institutions at the source of funds are facing unprecedented opportunities and challenges.
We have observed that state-owned LP, mainly government-guided funds at all levels, frequently appear in various links of the industrial chain. Through various forms of capital operation such as mergers and acquisitions, direct investment, and S funds, supplemented by policy preferences, they increase the local investment attraction efforts, ultimately aiming at local industrial upgrading.
In addition, a large part of market-oriented mother fund institutions such as industrial capital, financial institutions, and insurance capital, as long-term and patient capital, are also following the trend - constantly exploring the interaction between technology, finance, and industry, adjusting the investment portfolio and investment strategy (PSD strategy) in practice, and selecting excellent GPs and excellent targets through strict and precise judgments to play a crucial role of capital and ultimately achieve complementary advantages with high-quality GPs.
Taking this opportunity, 36Kr has completed the research on the 2024 Most Concerned LP in the Chinese Equity Investment Market series list. It includes five selection objects: market-oriented mother funds, government-guided funds, direct investment by mother funds, S funds, and fund towns.
Comprehensively considering the fundraising, investment (including sub-funds and projects), and exit situations of the management institutions in the declaration and selection in the past nearly four years (especially in 2024), by considering detailed indicators such as fundraising scale (quantity/amount), investment scale (quantity/amount), and exit return (book/actual return, IRR), while also combining market attention.
We finally found the Top 50 Most Concerned Government-Guided Funds in China in 2024, Top 30 Most Concerned Market-Oriented Mother Funds in China in 2024 two main lists, as well as the Top 20 Most Concerned Direct Investments by Mother Funds in China in 2024, Top 10 Most Concerned S Funds in China in 2024, and Top 10 Most Concerned Fund Towns in China in 2024 three sub-lists.
The series list of "2024 Limited Partners of Chinese Equity Investment Funds" is officially released:
Top 50 Most Concerned Government-Guided Funds in China in 2024
Top 30 Most Concerned Market-Oriented Mother Funds in China in 2024
Top 20 Most Concerned Direct Investments by Mother Funds in China in 2024
Top 10 Most Concerned S Funds in China in 2024
Top 10 Most Concerned Fund Towns in China
List Maker｜Huang Zhuxi, Yao Nan