今年，长三角母基金这样投

Core Viewpoint - The article discusses the role of mother funds in promoting regional integration and high-quality development in the Yangtze River Delta, emphasizing the need for collaboration and innovative strategies among various stakeholders [2][3][12]. Group 1: Cross-Regional Coordination - The integration of the Yangtze River Delta requires not only industrial collaboration but also efficient financial capital allocation, with mother funds playing a crucial role in resource optimization [3][4]. - Current challenges include inconsistent return investment standards across regions, which hinder effective utilization of technological advantages and increase coordination costs [4][5]. - Proposed solutions include establishing a "Yangtze River Delta Integration Mother Fund Alliance" to create unified return investment standards and encourage free flow of resources [4][5]. Group 2: Supporting Industrial Development - Mother funds should support hard technology and emerging industries while guiding capital towards long-term investments to foster high-quality regional development [8][9]. - Strategies include focusing on industrial chain collaboration and integrating various sectors, such as robotics and smart manufacturing, to enhance overall competitiveness [9][10]. - The importance of aligning investment strategies with national directives, particularly in early-stage technology investments, is highlighted [9][10]. Group 3: Mechanisms for Collaboration - Establishing a strong upper-level coordination body is essential for resolving regional collaboration issues, with examples of successful strategies shared by various fund managers [6][7]. - The need for a shared interest mechanism and a clear investment decision-making process is emphasized to facilitate cooperation among different regions [5][6]. - Innovative practices, such as dual GP models and talent exchange mechanisms, are suggested to enhance collaboration and trust among stakeholders [6][7]. Group 4: Future Directions - The article calls for a shift in focus from local competition to global resource integration, encouraging mother funds to attract high-end resources and enhance regional industrial capabilities [12][14]. - The establishment of a truly integrated mother fund for the Yangtze River Delta is advocated to transcend local industry-focused models and promote a more cohesive investment strategy [11][12]. - The importance of adapting evaluation standards for emerging teams in the technology sector is stressed to ensure that mother funds remain relevant and effective [9][10].