Citic Capital to start investment fund to complete the first round of fundraising 60 million dollars

Chinaventure Beijing Time February 24, 2012, CITIC Capital Holdings Limited, the Venture Growth investment department, announced the launch and establishment of the CITIC Capital pioneering investment Fund (CITIC), L.P.　　Hereinafter referred to as CCVP) has completed the first round of recruitment, the amount of $60 million. The fund aims to raise the amount of USD 150 million.　　The cornerstone investors of the first round were the Temasek Holdings Limited's wholly-owned subsidiary, Vertex Investment Holdings Limited (Vertex Asia substituting Ltd.) and the Enspire Capital, also headquartered in Singapore. CCVP focuses on the rapid development of small and medium-sized enterprises in China, the investment industry to clean technology, consumer goods, IT and other emerging industries. These three areas of investment have not only proved to be highly growth, but also the main areas of benign competition in small and medium-sized enterprises.　　The Fund will actively seek out entrepreneurial investment opportunities with innovative technologies, firm business models and clear market positioning, and work together to increase corporate value and help it become a major leader in the industry. Zhang, chief executive of Citic Capital, said: "The successful launch of the venture investment growth business is an important step in the process of building a diversified integrated business platform, and the company will provide more opportunities for institutional investors to cooperate in alternative investment business." With CITIC Capital's in-depth understanding of the domestic market, extensive network resources and a professional, mature and pioneering investment team led by Mr. Jie, I firmly believe that the expansion of the new business will make CITIC Capital's comprehensive business development more stable. "Citic Capital Senior managing director and VC fund Management partner Former Jie also said:" Very pleased to work with CITIC Capital to set up venture investment growth business. We are concerned about the high growth of SMEs not only have great development potential, but also the future of China's economic growth momentum. China has a good brand and Word-of-mouth Citic Capital is the best platform to promote our business development.　　"Zeng Jie has excellent venture capital background, in his 15 years of investment career, led the completion of a number of investment projects and successful exit, including Dangdang, extension information, high-quality software." Established in 2002, CITIC Capital Holdings Limited is an investment management and consultancy firm that specializes in alternative investments. The core business includes direct investment, real estate fund, structure financing, asset management and venture capital growth business, with a management fund of about 4.6 billion dollars. Citic Capital has more than 200 employees and has subsidiaries or offices in Hong Kong, Shanghai, Beijing, Tokyo and New York. China Investment Limited Liability company, CITIC International Financial Holdings Limited and CITIC Pacific Limited are CITIC Capital shareholders. CITIC International Financial Holdings Limited and CITIC Pacific Co., Ltd. are China's largest trans group company, China Citic Group Co.