Core Viewpoint - The article highlights the successful fundraising of Chaoxi Capital's second phase RMB main fund, amounting to 700 million yuan, indicating a steady improvement in the institution's management scale and capabilities [2]. Fundraising and Investor Composition - Chaoxi Capital has completed the first closing of its second phase RMB main fund with a scale of 700 million yuan, following the previous fund's over 900 million yuan fundraising [2]. - The LP composition for this fund maintains a high level of industrial and market-oriented characteristics, with nearly 60% coming from industrial LPs, and a 50% re-investment rate from existing LPs [2]. - Notable cornerstone investors include Suzhou Fund, with additional support from listed companies and investment platforms such as Maiwei Co., Artes, and Zhengtai Electric [2]. Investment Focus and Strategy - The second phase main fund will focus on two major sectors: energy and technology, covering the entire industrial chain from new materials to high-end equipment and innovative services [2]. - Chaoxi Capital employs a dual perspective of energy and technology to identify market demands and breakthrough innovations, aiming for high-growth and certainty in investment stages [3]. - The firm emphasizes a principle of asset-based scaling, having fully invested the first phase fund and currently preparing for multiple investments from the second phase fund [3]. Achievements and Ecosystem Development - Since its establishment in 2015, Chaoxi Capital has accumulated an asset management scale of 7 billion yuan, investing in over 40 companies across various sectors, and nurturing five unicorns and twelve potential unicorns [4]. - The firm has built a robust industrial ecosystem, supported by a diverse range of LPs and partners, facilitating close collaboration and resource integration among invested companies [5].

Core Insights - The recent announcement by Chaoxi Fund regarding the finalization of its second main fund's LP lineup highlights a strong industrial and market-oriented characteristic, with nearly 60% of the LPs being industrial partners, similar to the first fund [1][3] - The re-investment rate of existing LPs reached approximately 50%, indicating their high trust and continued optimism towards Chaoxi Fund [1][3] Group 1 - Suzhou Fund has increased its investment in Chaoxi Fund as a cornerstone investor, with listed companies such as Maiwei Co., Artes, and Zhejiang Chint Electric joining the industrial LP ranks [3] - Notable investment platforms like Zhongfang Consortium, Dongwu Venture Capital, and CITIC Capital have also made their debut in the LP list for this fund [3] - The second main fund will focus on the energy and technology sectors, aiming to cultivate future leading enterprises with strong technological innovation capabilities and industrialization potential [3][4] Group 2 - Chaoxi Fund employs a unique industrial investment methodology, focusing on market demand and breakthrough innovation technologies for forward-looking investments [4] - The fund primarily invests in high-growth and certain growth enterprises, while maintaining a diversified exit strategy beyond just IPOs [4] - Since its establishment in 2015, Chaoxi Fund has accumulated an asset management scale of 7 billion yuan, investing in over 40 enterprises across various industry chain segments [4] Group 3 - The ecosystem of Chaoxi Fund has produced leading companies in niche markets, such as Hichain Energy in the global energy storage sector and Zhengtai New Energy in photovoltaic manufacturing [4] - The success of these companies validates Chaoxi Fund's investment vision and capabilities, enriching its industrial ecosystem [4] - The founder and chairman, Liu Jie, emphasized the importance of a strong industrial ecosystem built on partnerships with LPs and the growth of invested enterprises [5]

Core Viewpoint - Chao Xi Capital has successfully completed the first closing of its second RMB main fund with a scale of 700 million yuan, following the previous fund's over 900 million yuan fundraising, indicating a steady improvement in institutional management scale and capability [1] Fundraising and LP Composition - The second fund maintains a high level of industrial and market-oriented characteristics, with nearly 60% of the LPs being industrial LPs, supported by leading mother funds, state-owned investment platforms, and financial institutions; the re-investment rate of old LPs is approximately 50% [1] - Key cornerstone investors include Suzhou Fund, with industrial LPs such as Maiwei Co., Artis, and Zhengtai Electric, along with new notable investment platforms like Zhongfang Consortium, Dongwu Venture Capital, and CITIC Capital [1] Investment Focus and Strategy - The second main fund will focus on two major sectors: energy and technology, covering the entire industrial chain from new materials, high-end equipment, terminal products, to innovative services and application scenarios, aiming to cultivate future leading enterprises with strong technological innovation and industrialization capabilities [1][2] - The investment strategy is based on a dual perspective of energy and technology, assessing market demand, breakthrough innovations, and industrial application points, while also considering the investment cycle and the growth stages of enterprises [2] Company Background and Achievements - Since its establishment in 2015, Chao Xi has adhered to an "industry-based" philosophy, focusing on global energy and technology sector investments, managing assets totaling 7 billion yuan, and investing in over 40 companies across various industrial chain segments [3] - The company has nurtured 5 unicorns and 12 potential unicorns, with 27 companies recognized as "specialized, refined, distinctive, and innovative" or as national high-tech enterprises [3] Ecosystem Development - The founder and chairman, Liu Jie, emphasized the creation of a pyramid industrial ecosystem, supported by numerous industrial groups as LPs and partner companies, which has been strengthened by the establishment of an industrial support center to integrate resources and foster collaboration [4][5]