The reporter of the daily economic news learned that just this month, a private placement company called “Shanghai Futeng private placement fund management Co., Ltd.” (hereinafter referred to as Futeng Fund) was officially established, and the lineup of sponsors behind it was eye-catching.
According to the data of qixinbao, there are 10 initiators of Futeng fund, including SAIC financial holding, a wholly-owned subsidiary of Shanghai Sdic Capital Co.Ltd(600061) , Saic Motor Corporation Limited(600104) , battery giant Contemporary Amperex Technology Co.Limited(300750) , painting culture, a wholly-owned subsidiary of station B, institutions under Boyu capital and funds under CITIC Capital. The strength is quite strong.
The private placement was established on January 19, with the legal representative Lu Wen and a registered capital of 100 million yuan. Its business scope is private equity investment fund management and venture capital fund management services. In other words, this is a private equity fund aimed at equity investment in the primary market.
sponsor lineup “star shining”
More and more leading enterprises have begun to actively layout and invest in the primary market, and there are many strong alliances across industries and companies.
Recently, the establishment of Shanghai Futeng private equity fund has aroused heated discussion for a while. The focus of attention is mainly on the gorgeous sponsor lineup behind the fund.
Looking at this list alone, in fact, every single company is a leading enterprise or organization in the industry. According to third-party data, Shanghai Sdic Capital Co.Ltd(600061) is the largest investor of Futeng fund, with a subscribed capital of 35 million yuan and a shareholding ratio of 35%; Shanghai Linchuang Investment Management Co., Ltd. is also a state-owned asset background. The subscribed capital contribution of Saic Motor Corporation Limited(600104) and Saic Motor Corporation Limited(600104) is 7 million yuan, holding 7%; In addition, there are many well-known enterprises and institutions with a subscribed capital of 5 million yuan and a shareholding of 5%.
Among them are the well-known Contemporary Amperex Technology Co.Limited(300750) and the painting culture of the subsidiary of station B. In addition, the names of two well-known institutions also appeared, one of which is Boyu Guanshan (Xiamen) Equity Investment Co., Ltd. under Boyu capital, and the legal representative is Zhang Zixin, the “elder” who participated in the founding of Boyu capital. Another fund that participated in the launch – CITIC Capital (Tianjin) investment management partnership (limited partnership) is also subordinate to CITIC Capital, and Zhao Yan, a natural person shareholder, is the managing director of CITIC Capital.
It can be said that almost every sponsor has quite good strength. It can be seen that it places deep expectations on the establishment and launching of such a private equity fund.
At present, Futeng fund has not completed the filing with the regulatory authority. It can only engage in business activities after completing the registration with the China Securities Investment Fund Industry Association. We will continue to pay attention to the future investment trends.
strong rise of industrial capital
In the list of sponsors of Futeng fund, Contemporary Amperex Technology Co.Limited(300750) and station B attracted the attention of every reporter. Just a few days ago, Yongtai hi tech, an R & D and production enterprise of new materials for lithium batteries, underwent industrial and commercial changes. The original shareholder Pingtan Yingke Hengtong venture capital partnership (limited partnership) withdrew, and the new shareholder Contemporary Amperex Technology Co.Limited(300750) , with a shareholding ratio of 25%. According to statistics, this is the third enterprise invested by Contemporary Amperex Technology Co.Limited(300750) since this year.
According to the private placement data, Contemporary Amperex Technology Co.Limited(300750) has invested in 8 funds and 26 projects. According to the incomplete statistics of each reporter, Contemporary Amperex Technology Co.Limited(300750) currently has nearly 70 public investment events. Among them, the top industries of investment projects are production and manufacturing, automobile transportation, new energy vehicles, new energy, big data industry, battery capacitor, semiconductor and new materials, which are basically arranged in an all-round way around the upstream and downstream of the industrial chain. According to the semi annual report of 2021, Contemporary Amperex Technology Co.Limited(300750) has invested in high-quality listed companies in domestic and foreign industrial chains by means of securities investment around its main business, with a total investment of no more than 19 billion yuan.
The Contemporary Amperex Technology Co.Limited(300750) , once known as the “king of Ning”, seems to be rapidly advancing towards the role of “investment king”.
Another industrial giant is station B. Compared with Contemporary Amperex Technology Co.Limited(300750) , the time for industrial investment and layout of station B is earlier. According to the data of private placement, there are 77 foreign investment projects, of which cultural and entertainment media, games and secondary projects account for more than half, which further strengthens the leading position of station B in the industry.
In recent years, industrial capital has risen rapidly, even surpassing the traditional PE and VC on many occasions and becoming the favored object of entrepreneurs. The reason is not difficult to understand. A partner of a venture capital institution told reporters that industrial capital can not only bring funds, but also provide more “industrial resources” for invested enterprises around the upstream and downstream of the industry, such as orders, technology, etc. “For many start-ups, these resources and funds are equally important, or even more important.”
For these institutions themselves, supporting more small and medium-sized enterprises, expanding the industrial territory to the upstream and downstream industrial chain, and gradually reshaping their own industrial ecology is also killing many birds with one stone.
Faced with the “crowding out effect” that industrial capital may have on traditional primary market investment institutions, many investors have felt anxious. However, the above partners also said that the relationship between the two is not only competition, but also cooperation. On the one hand, “the boundary is not as clear as before, and the integration trend is more obvious”.
