Gelonghui, April 19 | Recently, the Hefei Co-Creation Relay Venture Capital Fund Partnership (Limited Partnership), which was established with the participation of Hefei Baida Group, completed registration. This is the first “S Fund” in Anhui Province, and the third fund established by Hefei Baida Group after Xingtai Huike Fund and the League of Nations Capital Innovation Investment Fund. The total size of the fund is 2.8 billion yuan. It was jointly funded and established by Hefei Baida Group and many other state-owned capital companies, with Xingtai Capital as the manager. Unlike traditional funds, “S funds” focus on the “secondary market” of private equity investment funds. By transferring fund shares or acquiring corporate shares from other investors, while improving return certainty, they speed up capital circulation and lean towards advantageous areas, thereby leveraging greater market value. The fund is of great significance in further clearing the exit path of funds, improving the “fund-raising, management and withdrawal” full-chain integrated service system for provincial and municipal private equity investment funds, and speeding up the construction of multi-level capital markets.