文：韦亚军 提到宿迁，很多网友可能第一时间会想到京东创始人刘强东，但通过股权穿透查看，在该基金的前四大LP中目前暂未发现其身影。 由宿迁产发创投担任GP并负责日常运营。 近日，天眼查信息显示，宿迁市产业集聚发展基金（有限合伙）在宿城区行政审批局完成设立登记，出资额50亿元人民币。 据悉，这是宿迁历史上单只规模最大、层级最高的产业母基金，标志着地方国资正式迈入"50亿级"耐心资本时代。 据公开资料，宿迁产发创投成立于2022年7月20日，注册资本1亿元，是洋河集团（宿迁产发集团核心子公司）全资控股的私募基金管理平台，已在基金业 协会登记为私募股权、创业投资基金管理人。 公司法人、董事长兼总经理李楠，拥有十余年产业投资与资本市场经验。截至2025年三季度，宿迁产发创投在管基金7只，管理规模突破120亿元，投资领 域覆盖新材料、生物医药、高端装备、先进制造等，累计投资项目46个，其中7家已上市、5家处于IPO辅导期，投资回报率（IRR）中位数18.4%，在苏北 地区国资基金管理人中排名第一。 该基金采用"有限合伙"架构，由宿迁产发创投担任普通合伙人（GP）并负责日常运营。 LP主要包括宿迁产发集团出资近15亿元，占 ...

Core Viewpoint - The Ganshen Industrial Mother Fund aims to leverage state-owned capital to promote the integration of government guidance and market operations, facilitating the transformation and upgrading of industries in Ganzhou City, Jiangxi Province [1][2]. Group 1: Fund Overview - The Ganshen Industrial Mother Fund has a target scale of 5 billion yuan, with an initial establishment scale of 1 billion yuan, funded by multiple levels including Jiangxi Province, Ganzhou City, and local districts [1]. - The fund will primarily invest in sectors aligned with the national 14th Five-Year Plan, including electronic information, new materials, new energy and electric vehicles, healthcare, high-end equipment manufacturing, modern home furnishings, artificial intelligence, and food processing [1][2]. Group 2: Investment Strategy - The fund will publicly solicit high-quality sub-fund managers to manage investments, with a cap of 20% of the fund's subscribed capital for any single sub-fund [2]. - The investment ratio from the Ganshen Industrial Mother Fund to a sub-fund will not exceed 30% of the sub-fund's subscribed capital, with potential flexibility for outstanding local management institutions [2]. - Sub-funds are required to return or attract investment projects to Ganzhou City amounting to at least 1.2 times the investment amount from the Ganshen Industrial Mother Fund [3].

Core Viewpoint - The establishment of the Changtai District Industrial Mother Fund, managed by Zhanglong Fund Company, aims to support the development of key regional industries with a total fund size of 500 million yuan [1]. Group 1 - The Changtai District Industrial Mother Fund is the first industrial mother fund set up in Changtai District, focusing on regional key industry development [1]. - The fund is initiated by Zhanglong Fund Company in collaboration with the state-owned enterprise Fujian Kaitai State-owned Capital Operation Co., Ltd [1]. - The fund will adopt a dual-track mechanism of "mother-son fund linkage + market-oriented operation" to establish multiple comprehensive or specialized sub-funds based on local industrial needs [1]. Group 2 - The fund aims to empower the "3+N" industrial system in Changtai District, focusing on electronic information, intelligent manufacturing, and new materials as the main investment targets [1]. - The management team of Zhanglong Fund will work with the Changtai District government and state-owned enterprises to create an efficient mechanism for fund and project matching [1]. - The initiative is expected to accelerate the coordinated development of the upstream and downstream of the leading industrial chains in Changtai District, promoting healthy and sustainable regional economic growth [1].

Summary of Key Points Core Viewpoint The article highlights the establishment and development of various mother funds across different regions in China, focusing on strategic industries such as humanoid robotics, aluminum, and new energy. These funds aim to support industrial transformation, innovation, and economic growth. Group 1: Fund Establishments - Hubei has established a humanoid robotics industry mother fund with a total scale of 100 billion yuan, focusing on core areas like artificial intelligence and robotics technology [3] - Shanghai has set up a 500 billion yuan fund for industrial transformation and upgrading, leveraging 1 trillion yuan from three major guiding industry mother funds [4] - Guangxi has launched a 100 billion yuan aluminum industry mother fund to promote high-quality development in the aluminum sector [5][6] - Jiangsu's Yancheng has registered its first industry merger mother fund with a total scale of 30 billion yuan [8] - Jiangsu Changzhou is seeking GP for a 50 billion yuan new energy industry special mother fund [9] - Hunan has initiated the Jin Furong Sci-tech Innovation Guidance Fund, inviting GPs for management [10] - Anhui's Hefei has established a 20 billion yuan industrial investment mother fund [13] - Fujian's Zhangzhou has successfully set up a 5 billion yuan industrial mother fund [14] - Guangdong's Guangsheng has completed the registration of a 5 billion yuan mother fund [15] - Fujian's Xiamen is inviting GPs for a cultural industry fund aimed at economic development [16][17] - Shaanxi's Xi'an is seeking GPs for an industrial doubling fund, increasing its scale to at least 200 billion yuan [20][21] - Inner Mongolia has confirmed the management institution for its key industry guidance fund [24][25] Group 2: Fund Objectives and Strategies - The Hubei humanoid robotics fund aims to cultivate strategic emerging industries and enhance production capabilities [3] - Shanghai's fund will utilize a "long-term capital + merger integration + resource synergy" model to support strategic projects [4] - Guangxi's aluminum fund will adopt a "mother fund + sub-fund + direct investment" model to attract social capital [6][7] - Jiangsu's merger fund will operate under a "1+N" model, allowing for multiple sub-funds to be established [8] - Hunan's fund will focus on early-stage sci-tech investments, with sub-funds targeting emerging industries [11][12] - Anhui's fund will support high-end manufacturing and new materials [13] - Fujian's Zhangzhou fund will focus on electronic information and intelligent manufacturing [14] - Guangdong's fund aims to extend financial services to county-level economies [15] - Xiamen's cultural fund will prioritize investments in cultural-related industries [17][19] - Shaanxi's industrial doubling fund will support six major pillar industries and small-scale enterprises [20][21] - Inner Mongolia's fund will focus on upgrading traditional industries and fostering new ones [25][26]