Another private equity firm has announced that it has raised funds from the National Small and Medium-sized Enterprises Development Fund. Today, Dacheng CaiZhi announced that its fund has completed its first round of fundraising, with cornerstone investors including the National Small and Medium-sized Enterprises Development Fund and multiple state-owned / government investment platforms.
On June 26th, another private equity investment institution announced that it had raised funds from the National Small and Medium Enterprise Development Fund.
Today, Dachen Cai Zhi announced the closing of the first round of fundraising for Dachen Cai Zhi Small and Medium-sized Fund Phase II, with a total fund size of about 3 billion yuan and registered in Changsha, Hunan. The fund has received investments from various state-owned/government investment platforms, including cornerstone investor National Small and Medium Enterprise Development Fund, Hunan Provincial Industrial Guidance Fund, Changshou Control Holdings, Xiangjiang National Investment, Guangzhou Production Investment, Anhui Gaoxin Investment, Dalian City Guidance Fund, Hunan Yunqi Shengshi, and Dachen Cai Zhi shareholder Hunan TV & Broadcast Intermediary.
Dachen Cai Zhi said that this is a technology fund established through the National Small and Medium-sized Enterprise Development Fund selection after Dachen Cai Zhi Small Fund Phase I.
Yesterday, Jishi Capital also announced the landing news of its second phase of Jishi National Small and Medium-sized Fund, which also received funds from the National Small and Medium Enterprise Development Fund. Jishi National Small and Medium-sized Fund Phase II landed in Wuhan, Hubei.
An GP manager who participated in the selection told "Science and Technology Daily" reporter, "Since a long time ago, the National Small and Medium Enterprise Development Fund has encouraged subsidiary funds to register in the central and western regions. The time is probably 2021, and the purpose of doing so is to support the development of small and medium-sized enterprises in the central and western regions."
Dachen Cai Zhi's last announced fundraising update was in June 2023. At that time, it announced that the latest comprehensive fund Chengcheng Fund with a total scale of 8 billion yuan had closed its first round with an amount over 5 billion yuan. It is reported that the reason Chengcheng Fund has such a large contribution size is that the proportion of state-owned assets has increased from 30% to 50%, and several insurance assets have been added on the basis of the original fund.
Coincidentally, at today's State Council policy briefing, state-owned assets and insurance funds were also mentioned as sources of financing for venture capital investment in the relevant department.
"Science and Technology Daily" reporters noted that the National Small and Medium Enterprise Development Fund recently announced on its official website the signed and landed situation of the sixth batch of two subsidiary funds. In addition to the aforementioned 1.5 billion yuan scale subsidiary fund of Jishi Capital, there is also the PwC Small and Medium-sized Venture Capital Partnership (Limited Partnership) Phase II (Hangzhou). The latter has a scale of 1.5 billion yuan and is managed by Zhejiang PwC Tianqin Equity Investment Management Co., Ltd. It mainly invests in small and medium-sized enterprises in high-end equipment manufacturing, new-generation electronic information, new energy and new materials, medical health and other fields. However, the registered place of PwC Small and Medium-sized Phase II is not in the central and western regions, but in Hangzhou, Zhejiang.
According to official website information, the National Small and Medium Enterprise Development Fund is a national equity investment fund established in accordance with the requirements of the "Small and Medium-sized Enterprises Promotion Law" in September 2015 by the State Council Executive Meeting. The parent fund was established jointly by the central finance and various social investors, such as Shanghai Guosheng and China Tobacco, with a registered capital of 35.75 billion yuan. Through investments in subsidiary funds and other methods, its target scale is to exceed 100 billion yuan.
According to the official website, the National Small and Medium Enterprise Development Fund currently has 38 subsidiary funds, with a total scale of more than 100 billion yuan and investments in more than 1,500 projects.