2017-投资界电子周刊No0563-英文版_11页_339kb

PEdaily E-Magazine Issue No.563 Summary

Core Content

PEdaily E-Magazine (formerly known as Zero2ipo e-Weekly) is a weekly publication targeting professionals in the private equity (PE) and venture capital (VC) industry. It provides timely, accurate, and in-depth market reports, covering investment and financing news, industry data, expert insights, and personality profiles. The magazine is supported by extensive investor networks and leverages over 10 years of research resources from the Zero2IPO Group to build a professional platform for market analysis.

Main Views

The 563rd issue of PEdaily E-Magazine highlights the challenges and developments in China's VC/PE market in 2012, particularly in the context of a global economic recession and China's economic slowdown. The market faced significant pressure in fundraising, investment, and exit activities. Despite these challenges, several notable investment events and fund launches occurred, reflecting the resilience and adaptability of the industry.

Key Information

1. VC/PE Market Overview in 2012

• China's economy experienced a growth slowdown, with declining exports, reduced investments, and a drop in the A-share index.
• The Chinese government shifted its focus to "stabilizing growth" amid economic depression and regulation.
• The VC/PE market entered a deep regulation phase, with a notable decline in new fund closures and capital amounts.
• From January to November 2012, 534 new funds were closed, raising a total of US$30.64B, marking a significant year-on-year decrease and a new low in average fund size.

2. Investment Events

• Legend Capital Invests in Howbuy Wealth: On December 18, Legend Capital (under Legend Holdings Ltd.) announced an investment in Howbuy Wealth, aiming to establish a professional wealth management platform. The investment will be used to enhance talent, network, data clearing, and customer service.
• Metro Land Corporation Invests in Cornerstone Fund: Metro Land Corporation committed RMB252M to the Beijing Cornerstone Venture Capital Fund, becoming its largest limited partner. The fund's total contribution will be RMB600M, with the company's biggest shareholder, Beijing Infrastructure Investment Co., Ltd., also being the largest limited partner.
• KKR Completes US$6B Fundraising for Second Pan-Asia Fund: KKR successfully raised US$6B for its second pan-Asia fund, which is expected to be the largest PE fund under its banner. This follows the fundraising of its 12th North American fund, which was also nearly US$6B in size.
• First National Agricultural Industry Fund Established: China Agricultural Industry Development Fund, with an initial amount of RMB4B, was launched on December 17. It was co-established by the Ministry of Finance, China Cinda, Citic Group, and the Agricultural Development Bank of China. Each founder contributed RMB1B.
• Sequoia Capital Raises US$700M for Global Growth Fund: Sequoia Capital raised US$700M for its Global Growth Fund, which was separately raised from international funds earlier in the year. The firm emphasized its strategy to increase international investments.
• SCGC Invests in Hebei VC Fund: SCGC (State Council Guided Fund) invested RMB300M in the Hebei Red Earth Venture Capital Fund, which was approved by the Hebei provincial government. The fund's initial contribution was RMB100M, and it marks SCGC's first investment in Hebei as a leading local VC company.

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Contact

For suggestions or feedback on PEdaily E-Magazine, readers can contact the editorial team via email:

• Email: pedaily@e-zero2ipo.com.cn

Conclusion

The 563rd issue of PEdaily E-Magazine captures the dynamic yet challenging landscape of China's VC/PE market in 2012. It reflects the market's response to economic pressures and regulatory changes, while also highlighting key investment activities and fund launches that signify strategic growth and diversification efforts by major players in the industry.