盘点：2025年成都私募股权投资基金特征剖析

Core Insights - Chengdu is continuously improving its venture capital ecosystem by establishing a comprehensive fund system that covers the entire lifecycle from funding to mergers and acquisitions, with plans to set up a future industry fund exceeding 100 billion yuan by 2025 [1][3]. Group 1: Fund Structure and Scale - As of November 2025, Sichuan Province has 349 private fund managers managing 1,626 funds with a total scale of 3,119.72 billion yuan, ranking 9th nationally and 1st in the western region [3]. - Chengdu has 224 private equity and venture capital fund managers registered, managing a total of 894 funds as of December 2025 [3]. - The fund ecosystem in Chengdu includes provincial, municipal, and district-level funds, with significant contributions from major provincial platforms like Sichuan Science and Technology Investment Group and municipal platforms like Chengdu Industrial Investment Group [3][5]. Group 2: Active Investment Institutions - Key active investment institutions in Chengdu include Sichuan Science and Technology Investment Group, which has invested in projects like Jiuyuan Zhizao and Xinghuo Shikong, and Sichuan Development Future Intelligent Manufacturing Fund, managing a total of 6 billion yuan [5][6]. - Chengdu's investment landscape features various funds focusing on sectors such as innovative pharmaceuticals, digital economy, and artificial intelligence, with significant investments made by Sichuan Industrial Revitalization Group and Sichuan Cultural Investment Group [5][6]. Group 3: Characteristics of Chengdu's Venture Capital Ecosystem - The venture capital ecosystem in Chengdu is characterized by strong government guidance, with government-led funds playing a crucial role in driving strategic industry development [10]. - Chengdu has developed a diverse range of fund products covering seed, angel, and acquisition stages, with the establishment of S funds since 2024, which have begun actual operations [11]. - The investment landscape is well-rounded, with funds targeting various sectors including intelligent manufacturing, biomedicine, and green low-carbon industries, supported by provincial guiding funds [12]. Group 4: Regional Collaboration and Challenges - Chengdu is enhancing its regional collaboration capabilities, actively engaging with surrounding areas and attracting external investments through initiatives like the "Investment Chengdu" global investment conference [13]. - Despite the growth, challenges remain, such as the relatively weak presence of private capital in Chengdu, with only a few active local private investment institutions compared to cities like Hangzhou and Shenzhen [14]. - The investment activity is unevenly distributed, with over 50% of fund managers and investment events concentrated in high-tech zones and Tianfu New Area, highlighting a need for balanced regional development [15].