According to Jiema LP of the funding circle, lately, Suzhou New Creation Future Equity Investment Partnership (Limited Partnership) was established. The executing normal companion is Suzhou Guofa Asset Management Co., Ltd., and its enterprise scope contains fairness funding, enterprise capital, and funding actions with self-owned funds.
Specifically, the contribution of this partnership is 17.15 billion RMB, collectively contributed by Suzhou Innovation Investment Group Co., Ltd., Suzhou State-owned Capital Investment Group Co., Ltd., and Suzhou Guofa Asset Management Co., Ltd.
Large-scale funding by Suzhou state-owned belongings
After finding out, Suzhou Guofa Asset Management Co., Ltd., because the executing normal companion, is a vital member enterprise below Suzhou Innovation Investment Group (abbreviated as: Suzhou VC Group). By initiating and managing numerous funds, it invests in enterprises in laborious expertise fields resembling digital info, biomedicine, and high-end gear manufacturing.
Suzhou VC Group was established in June 2022, led by Suzhou Guofa Venture Capital. It has eight subsidiaries, together with Guofa Venture Capital, Industrial Investment Group, Municipal Science and Technology Venture Capital, Suzhou Angel Mother Fund, Suzhou Fund, Municipal Institute of Industrial Research, Municipal Science and Technology Recruitment Center, and Suzhou Strategic Emerging Industry Fund. At that point, its registered capital reached 18 billion RMB, and it instantly entered the primary echelon of home enterprise capital.
The official web site exhibits that as of now, the whole administration scale of Suzhou VC Group exceeds 260 billion RMB. Through two enterprise strains of direct funding and mom funds, Suzhou VC Group has lined a number of key tasks in latest years, involving a number of fields resembling new vitality, synthetic intelligence, biomedicine, clever automobile networking, and semiconductors.
In addition, Suzhou State-owned Capital Investment Group Co., Ltd., which collectively participated in this contribution, was formally registered and established in December 2023 and is wholly owned by the State-owned Assets Supervision and Administration Commission of Suzhou Municipal People’s Government (abbreviated as: SASAC of Suzhou). Its registered capital is as excessive as 50 billion RMB.
As an entirely state-owned enterprise below the jurisdiction of Suzhou, Suzhou State-owned Capital Investment Group additionally performs an essential function in the operation of state-owned capital and financial improvement in Suzhou.
It is with the joint contribution of those state-owned belongings that Suzhou New Creation Future Equity Investment was formally established.
In latest years, the exercise in Suzhou’s enterprise capital circle has been apparent to all.
What is spectacular is that in September 2024, led by Suzhou VC Group, 73 science and expertise innovation funds with a complete scale of practically 100 billion RMB had been collectively launched, concentrating on “industrial orientation and innovation needs”, which induced a sensation at the moment.
Since this 12 months, numerous particular industrial funds and expertise funds being ready by Suzhou VC Group in Suzhou have a complete scale of practically 100 billion RMB. Among them, the dimensions of the primary batch of funds is 70 billion RMB, masking 5 main industrial tracks, in addition to numerous forms of funds resembling merger and acquisition funds and angel funds – it is a complete integration of Suzhou’s enterprise capital.
Not way back, Suzhou launched two funds price 10 billion every. Among them, the Major Industrial Development Fund with a complete scale of 10 billion focuses on “chain leader” tasks in main industrial fields; the Suzhou Talent No. 1 Fund with a complete scale of 10 billion was additionally formally launched, and Suzhou is accelerating its efforts to draw abilities and industries.
In the context of Suzhou’s “1030” industrial system, the structure of those funds covers all key industrial clusters and key industrial chains. As far as the attention can see, an imaginative industrial map will probably be unfolded in Suzhou.
The city competitors by no means ends
In the commercial competitors, each metropolis is seizing alternatives.
Looking on the complete of Jiangsu Province, the horn of competitors has already sounded. Going again to June 2024, Jiangsu Province’s steerage fund witnessed an unprecedented large-scale structure – the Jiangsu Provincial Strategic Emerging Industry Mother Fund was formally launched, with a complete scale of fifty billion RMB.
Eight months later, the provincial mom fund in Jiangsu has successively promoted the institution or signing of two batches of 36 industrial particular funds with a complete scale of 91.4 billion RMB. Multiple industrial sub – funds have been registered and established, demonstrating the “Jiangsu speed”; by establishing a 3 – tier fund construction of provincial mom fund – industrial particular fund – industrial sub – fund, the “Jiangsu model” has been established.
Looking throughout the nation, Jiangsu has all the time been a hotbed for enterprise capital. Data from Zero2IPO Research Center exhibits that in the previous 12 months, 602 new funds had been raised in Jiangsu, with a complete raised quantity of 171.8 billion RMB, rating among the many prime in the nation; there have been 1,603 funding circumstances with a complete funding quantity of 81.8 billion RMB, rating first in the nation.
The prosperity of enterprise capital results in the prosperity of industries. The turning factors of cities’ fates might have been quietly written with the institution of those industrial funds.
A comparable scene can be enjoying out in Shanghai. At the tip of July 2024, Shanghai formally signed and launched three mom funds for main industries in built-in circuits, biomedicine, and synthetic intelligence, with a complete scale of about 89 billion RMB. Shanghai State-owned Investment Corporation is the supervisor of the mom funds. During the 2025 World Artificial Intelligence Conference, the three mom funds for main industries launched a brand new spherical of choice of sub – funds.
At the tip of September this 12 months, Shanghai Future Industry Fund introduced the completion of an growth, growing its scale from 10 billion RMB to fifteen billion RMB, and eight billion RMB has been paid in. Almost on the identical time, Shanghai Future Industry Fund introduced a brand new batch of six sub – funds it plans to speculate in. So far, Shanghai Future Industry Fund has introduced plans to speculate in three batches of a complete of 18 sub – funds this 12 months, making it essentially the most lively state – owned asset at current.
Looking round, the institution of 1 tremendous industrial fund after one other exhibits the eagerness of cities to develop rising industries.
This article is from the WeChat public account “Jiema LP”, creator: Yang Jiyun, printed by 36Kr with authorization.