The upsurge of private equity fund establishment and filing continues.
The daily economic news learned that recently, the China Securities Investment Fund Industry Association (hereinafter referred to as the China Foundation Association) announced the latest list of private fund managers who have completed the filing. A total of 30 private equity funds have been successfully filed this time, and the background of this batch of private equity funds is also quite interesting.
Among them, Ningbo Shanshan Co.Ltd(600884) and Dongfeng Automobile Co.Ltd(600006) have completed the filing of a private fund respectively, of which the legal representative and chairman of the private fund of Ningbo Shanshan Co.Ltd(600884) is Zheng Ju, the second generation of “Shanshan family” and the son of Zheng Yonggang. Secondly, the tide of “public to private” is also continuing. Among them, the executives behind two private placements are very senior public offering people. It is worth noting that some well-known investment institutions have also completed the filing of new private placement.
“Shanshan family” entered private placement, and new private placement under Dongfeng Automobile Co.Ltd(600006) also completed filing
In the latest batch of private placement completed for filing, the institutions of two industrial groups have attracted the attention of every reporter.
On March 25, a private placement company named “Ningbo Dongfang Jingxing private placement fund management Co., Ltd” (hereinafter referred to as Ningbo Dongfang Jingxing) completed the filing. The institution was established on January 13 with a registered capital of 10 million yuan. The type of institution is private equity and venture capital fund manager.
According to the information of China Foundation Association, Ningbo Dongfang Jingxing is 100% funded by Shanghai Shihong Technology Co., Ltd., which is the holding enterprise of Shanshan holdings, and the legal representative is Zheng Ju, the son of Ningbo Shanshan Co.Ltd(600884) chairman Zheng Yonggang. According to public data, Zheng Ju was born in 1991. Since he became the legal representative and chairman of Shanshan holdings, the controlling shareholder of Shanshan Group in 2018, he has gradually moved to the front of the stage within the Shanshan department in recent years.
The legal representative and chairman of Ningbo Dongfang Jingxing is also Zheng Ju, and the actual controller is Zheng Yonggang. According to the filing information, there are three affiliated institutions of Ningbo Dongfang Jingxing. These three institutions are private equity and venture capital fund managers, and the actual controllers are Zheng Yonggang. The earliest one was established in 2011, which can see the long-term layout in the equity investment market.
Another private equity fund called “Shenzhen Zhiwang Private Equity Fund Management Co., Ltd” (hereinafter referred to as Shenzhen Zhiwang Fund) was established in December last year with a registered capital of 10 million yuan. It is also a manager of private equity and venture capital funds.
According to the filing information of China Foundation Association, the actual controller behind this institution is Dongfeng Asset Management Co., Ltd. (hereinafter referred to as Dongfeng asset management), which is 100% funded by Dongfeng Automobile Co.Ltd(600006) group. Therefore, this private placement is also a member of “Dongfeng Department”. Lu Feng is also the legal representative of the executive director and the legal representative of Dongfeng Zhiguan fund.
Since this year, “new forces of car making” have entered the VC market one after another, made investment and made active layout in the upstream and downstream of the industrial chain. As an auto giant, Dongfeng Automobile Co.Ltd(600006) group also has a private placement company for record, named Xinzhifeng (Wuhan) private fund management partnership (limited partnership), which is established with 99% investment from Dongfeng asset management. The establishment and successful filing of Shenzhen smart net fund will add new wings to the equity investment of Dongfeng asset management and Dongfeng Automobile Co.Ltd(600006) group.
“public to private” craze continues, and public offering veterans turn to private placement
Today, Dong Chengfei, who just ended his 14 year public offering career and joined the private placement of Ruijun assets at the beginning of the year, made his first voice, which attracted extensive attention from the industry and investors. Recently, star fund manager Zhou Yingbo left his post for personal reasons and officially ended his career in China Europe Fund. His “next stop” once attracted the attention of the industry. It is reported that he may also “go private” and set up a private equity fund.
All kinds of signs show that the upsurge of “public to private” is still continuing. In the latest batch of private placements filed by the China Foundation Association, two executives are former public offering veterans.
The first is Zhuguang private equity fund management (Hainan) Co., Ltd. (hereinafter referred to as Zhuguang Fund), which was established in April last year. This institution is a private securities investment fund manager with a registered capital of 10 million yuan.
Wang Jian, its legal representative, general manager and executive director, is an investment veteran with many years of experience in securities industry. In 2003, he entered China Greatwall Securities Co.Ltd(002939) as a researcher. The first stop of switching to public offering was to enter noan fund as a fund manager, and also served as an investment manager in the special account Investment Department of Xingzheng global fund management. In addition, he also has many years of experience in insurance capital institutions. In 2021, he funded the establishment of Zhuguang fund to start a new journey of “public to private”.
Another company, Hunan Zehong Private Equity Fund Management Co., Ltd. (hereinafter referred to as Hunan Zehong Fund), was founded in October 2021. Its deputy general manager Nie Lu is also a veteran who has been “fighting” in public offering for many years. He entered China Post Fund as a researcher in 2007, and later became an investment manager, deputy general manager of research department, fund manager, etc. In May 2021, she left China Post Fund to join the army of “public to private” and served as the deputy general manager and fund manager of Hunan Zehong fund from the end of the year.
Yida capital filed new private placement, and institutional executives had media background
In this batch of private placements newly filed, we also saw a new institution under Yida capital, Nanjing Yida Huizhong venture capital management partnership (limited partnership) (hereinafter referred to as Yida Huizhong venture capital).
According to the filing information, the registered capital of Yida Huizhong venture capital is 100 million yuan, which is mainly invested and established by Tibet Aida Huicheng Enterprise Management Co., Ltd., which is 100% invested by Yida capital. The executive partner (appointed representative) of the institution is Ying Wenlu, chairman of Yida capital, and the actual controller is six executives of Yida capital, including several founding partners.
Another institution has also attracted the attention of every reporter, that is tot (Sanya) Private Equity Fund Management Co., Ltd. (hereinafter referred to as tot Fund). This private placement was established in September last year with a registered capital of 10 million yuan. It is a private securities investment fund. Cong Rong, the legal representative and actual controller of the institution, was once a media person. She served as the director of the Information Department of listed companies and the director of the Securities Research Center in China Securities News, and has many years of media work experience. After leaving the media, he began to move to the asset management industry. Last year, he participated in initiating the establishment of private Tuote fund and completed a transformation.
