超20亿，恒旭资本完成第四期旗舰基金首关

Core Viewpoint - Hengxu Capital has successfully completed the first closing of its fourth flagship fund, raising over 2 billion RMB, with a planned final closing size of 3.5 billion RMB, marking the first significant RMB fundraising of the year [1] Group 1 - The fourth flagship fund of Hengxu Capital received continued support from major shareholder SAIC Group, with financial institutions such as Guotai Junan and Haitong also reinvesting, alongside strong backing from multiple local governments in the Yangtze River Delta [1] - The fund attracted participation from several listed companies and industrial groups, further solidifying the LP structure that includes industry players, financial institutions, and local governments [1] - The fund has introduced a new structural approach by splitting into two funds based in Changzhou and Ningbo, aimed at more precisely addressing the differentiated needs of various LPs [1] Group 2 - Hengxu Capital's partner Liu Zhibin stated that the split is not merely a division but a strategy to better respond to the diverse demands of different LPs, creating a dual-fund model that meets varied preferences while systematically covering the entire investment cycle of innovative enterprises [1]