ZZPZH(SH:600436) 投中网·2025-10-25 05:43Core Viewpoint - The article highlights the recent developments in the LP (Limited Partner) market, focusing on new fund registrations, investments from pharmaceutical companies, and the establishment of various industry funds across China, indicating a growing trend of capital influx into the healthcare and technology sectors [6][7][12]. Fund Registration and Investment Activities - The Zhangzhou Gaoxin Runxin Health Industry Investment Partnership has completed registration with a total fund size of 1 billion RMB, with notable LPs including the pharmaceutical company Pian Zai Huang, which committed 200 million RMB [6][11]. - Pian Zai Huang has participated in three private equity funds this year, indicating a strategic move to diversify its investment portfolio [7]. - Multiple biopharmaceutical companies, such as Jiuzhoutong Pharmaceutical and Hengrui Medicine, are increasingly becoming significant players in the primary market, contributing to the health sector's funding [7]. Fundraising Dynamics - Yinxian Capital has successfully raised its first private equity fund focused on new materials and renewable energy, with a total size of 500 million RMB, supported by various institutional investors [9]. - The Shenzhen AIC mother fund has been established with a scale of 7 billion RMB, aiming to attract bank capital for strategic emerging industry investments [12]. - A 5 billion RMB industry investment fund has been set up in Wuhan, targeting key sectors like integrated circuits and new display technologies [13]. New Fund Establishments - The Shanghai Xinju Ciyuan Fund has been established with a size of 450 million RMB, focusing on high-end manufacturing and biotechnology [14]. - The Fujian Cultural Tourism Fund has launched with a total size of 3 billion RMB, aimed at supporting the cultural tourism industry in the region [15]. - A new venture capital fund in Yunnan has been established with an investment of approximately 480 million RMB, focusing on agricultural biotechnology [17]. GP Recruitment Initiatives - The Chibi City Investment Guidance Fund is seeking to recruit GP (General Partner) institutions to manage its first batch of sub-funds, focusing on health, technology, and clean energy sectors [23]. - The Sichuan Province is publicly selecting GP institutions for its third batch of sub-funds under the results transformation investment guidance fund, with a total scale of 5 billion RMB [24]. - The Sichuan Resource Energy Equity Investment Guidance Fund is also looking for GP institutions to establish an oil and gas resource sub-fund, with a planned scale of 1 billion RMB [25].