Last year, a company we invested in the SME market, although in the worst time, as long as the business is good, strong growth, markets will be given evaluation. In addition, a A shares and foreign feelings, because in the United States, Hong Kong, I have done, from a a-share, our trading volume is significantly better than abroad, because it is a local company, local investors more easily understand. The implication for us is that future Fund settings, including exit methods, are a good reference. From now on, better than we think, is the plate and board, we are looking forward to the gem.
In fact, the bank and Citic are playing the role of two LP, as http://www.aliyun.com/zixun/aggregation/6492.html "> Investment Management team, we also want to make the best use of these two LP resources and platforms." But there is an old saying in China that "practice is the only criterion for testing truth," and that in the end your return to shareholders is the only test of your standards.
Our two shareholders are now very much in line with international standards, they are very familiar with the operation of foreign funds, our fund is in full accordance with the GP, LP frame structure operation, they certainly want to return the higher the better, including the open line itself, in addition to our home, there are seven or eight other funds it is also one of the shareholders. At the same time, the opening of our intervention is very small, they still want to be LP.
Note: Original from 2009 China Venture capital and private equity investment medium-term forum