Focusing on Sci-tech Industries, Seeking Further Development: SIG and Its Fund Platforms Selected into LP Institute's Investment Lists
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Recently, LP Institute has officially released the GP and LP investment lists for the first time in China. Based on the industrial and commercial data released by the Ministry of Industry and Information Technology and the data disclosed in corporate prospectuses, the lists were worked out according to the overall score derived from the number of VC/PE-invested state-level specialized, refined, distinctive and innovative "small giant" enterprises (60%) + the number of enterprises that VCs/PEs exit (20%) + the number of enterprises of which VCs/PEs were involved in Series A financing (20%). SIG and its subsidiary Growth were selected into the LP Top 100 list.
As a state capital investment operation platform, as well as a financial and state-owned assets platform, SIG has been committed to leveraging the function of state capital, optimizing the layout of state capital and transforming state capital, focused on serving and fostering sci-tech industries, built state capital-invested FoFs, created an industrial fund ecosystem via FoFs, given play to the agglomerative and amplifying effects, and guided social capital in switching from the virtual economy to the real economy to serve the development of the real economy.
As a key FoF platform built by SIG, Growth manages funds such as Yangtze River Delta Collaborative Advantageous Industry Fund (I) and Growth FoF. By combining FoF with direct investment, it has fostered a total of 154 state-level specialized, refined, distinctive and innovative "small giant" enterprises (1 for the first group, 22 for the second, 53 for the third and 78 for the fourth), covering industries such as intelligent robotics, information services, new energy, semiconductors, medicine, medical devices and precision enterprises. 11 of these enterprises are directly-invested projects, including Paraview Software, Scenery, Actt, Joulwatt, Magtron, Taimei, Hunteck, Wafer Worsk, Biohit, Inngu Laser and APT, and all these projects are being examined or have been approved for IPO.
In recent years, SIG has promoted the development of high-tech industries, and guided capital in developing the real economy. In the future, with focus on national strategies and the overall development requirements of Shanghai, SIG and its investment platforms will further increase investments in industries and promote the development of sci-tech industries in the Yangtze River Delta. Now SIG is spearheading the setup of Yangtze River Delta Collaborative Advantageous Industry Fund (II), to repair, solidify and strengthen leading sci-tech industry chains in an all-round way. The fund aims to maintain the integrity of industry chains by repairing them, cope with "black swan" events and toughen industry chains by solidifying them, make industry chains robust by strengthening them, further amplify the driving, agglomerative and radiating effects of state capital, improve its level of serving the development of the real economy, thus making positive contributions to Shanghai enhancing its "four functions", deepening the development of "five centers", and upgrading its city level and core competitiveness.
GP Capital under SIG was selected into the VC/PE Top 50 list.