State-run finance, Suzhou venture capital to create a national fund

The Joint Social Security Fund, China Life, China reinsurance and other institutions to jointly launch the establishment of China's first national large-scale renminbi parent fund of the total size of 60 billion yuan "national founding Mother Fund" was formally established in Beijing today, the Joint Social Security Fund, China Life, China Reinsurance and other institutions jointly launched the establishment.　　National creation of the parent fund by the State opened Financial Limited liability company (hereinafter referred to as the State Open finance) and Suzhou Venture Capital Group Co., Ltd. (hereinafter referred to as Suzhou Ventures) jointly launched the establishment, registered in Jiangsu Province, Suzhou Industrial Park, is the highest level in China, the largest renminbi mother fund. The total size of the fund is 60 billion yuan, the first phase of the fund is 15 billion yuan, divided into PE (private equity investment) parent Fund and VC (venture capital) parent fund two plates. Among them, the PE plate scale of 10 billion yuan, the main investment in industrial integration, mergers and acquisitions of equity investment funds, VC plate 5 billion yuan, the main investment in the early and long-term investment of venture capital fund.　　In addition, the National Founding parent Fund has invited the internationally renowned parent fund management organization to have the high capital participation management, provides the international investment experience and the vision for the National Creation Mother Fund.　　Suzhou Venture Capital Group is a large equity investment group under the Suzhou Industrial Park, with a registered capitalization of 3 billion yuan and an asset management scale of tens of billions of yuan, covering the three major sectors of equity investment, creditor's rights financing and equity investment service. Suzhou Venture Capital Group and the country Open finance are the Chinese private equity fund Market explorer and forerunner, Suzhou Venture Capital Group has established China's first Chinese-foreign cooperation in the creation of INFINITY-CSVC (Infiniti-new venture investment Enterprise) and the first "lean Incubation + entrepreneurship Mentor" Angel Fund of the original point of venture capital fund, the National Founding parent fund is also the National Bank and Suzhou Industrial Park for ten years of close cooperation of the continuation and upgrade, in 2006, Xuzhou Venture Group has cooperated with the National Bank set up China's first equity investment parent fund Suzhou Industrial Park Venture Investment guide Fund.　　Suzhou Industrial Park in the 3 years after the establishment of the Fund has completed a total of 1 billion yuan investment commitment, has pledged to invest 16 sub-fund, to drive 3.3 billion yuan social capital participation in the investment of the Fund, is expected to cover at least 200 more projects. In recent years, Suzhou and Suzhou Industrial Park are trying to make the Sand lake area of the equity investment Center as a concentrated area of domestic equity investment fund, the Equity Investment Center in May 2009, the Equity investment management team has more than 20, management funds more than 30, guarantee and microfinance companies 3, The management fund is over 15 billion yuan.