Optics Valley industry fund wins recognition
The award for the Optics Valley industry fund. [Photo/WeChat account of Optics Valley of China]
An industry fund managed by Wuhan Optics Valley Industry Development Fund Management Co Ltd -- located in Optics Valley in Wuhan, in Central China's Hubei province -- recently made the soft power top 100 list for the best of China's limited partner (LP) investment institutions.
That's according to the list, issued on Sept 10 at the China LP Conference & the 2nd Lujiang Venture Capital Forum held in Xiamen, a city in East China's Fujian province.
The list for the soft power top 100 Chinese investment institutions includes lists for general partner (GP) investment institutions and LP investment institutions.
The funds were selected on the last after comprehensive evaluations that took into account 10 indicators measuring the long-term strength and business intelligence of institutions in China's private equity industry.
The Optics Valley industry fund, established in December 2017, has formed one fund cluster, three fund of funds (FOFs) and has a fund valued at over 50 billion yuan ($7.73 billion), covering the entire development cycle of entrepreneurship and leading international and domestic innovation enterprises.
While the total size of its FOF is more than 50 billion yuan, the total size of all its participating and proposed participating funds is over 230 billion yuan -- involving over 800 investment projects -- which has become the backbone of the development of strategic emerging industries in the zone.