作者丨 簪竹 来源丨 投中网 当前一级市场募资环境持续承压，机构面临的挑战并非源于资金供给不足，真正的难点在于如何构建 兼具稳定性与产业协同效应的 LP 结构：既要满足国资 LP 的合规与返投要求，又需平衡金融机构 对 DPI 的严苛考核，同时吸引产业资本实现深度资源绑定。 这种多维度的需求平衡，往往让募资陷入"三难抉择"。 而 近期刚完成 7.28 亿元三关募集的长石资 本，在 LP 结构配置上似乎突破了"不可能三角" ： 既有地方政府、头部金融机构、市场化母基金的 支持，又有高比例产业上市公司创始人及高管的出资，同时还获得 华中科技大学母基金、电子科技 大学校友基金 的加持——这两所高校在中国乃至全球硬科技领域都具有深厚的研究积累与产业影响 力，其出资在一定程度上反映出对长石资本硬科技投资能力的认可。 将投中网设为"星标⭐"，第一时间收获最新推送 或可成为观察投资机构如何穿越周期的又一研究样本。 在退出方面，长石资本坚持以二级市场视角研判产业周期，并将项目于适当节点实现合理盈利退出作 为核心管理目标。 目前，长石硬科技一二期基金超 50% 项目已完成上市或进入 IPO 申请阶段，已 退出项目无一本金损失， ...

UK launches £500 package to support diverse, underrepresented investors and founders | TechCrunch https://t.co/82vp9HEF7E ...

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Other people want to pay the mortgage; founders want to change the world. But they should not be fetishised https://t.co/9AziVMkqAC ...

Other people want to pay the mortgage; founders want to change the world. But they should not be fetishised https://t.co/OjddAo3DMWIllustration: Paul Blow https://t.co/rJqBt8jMAF ...

The most essential knowledge founders need to know will be shared at our All Stage event July 15.And for a short time, Founders can attend for just $155, act swiftly to get your pass now! https://t.co/MHO2ItmuEG ...

The most essential knowledge founders need to know will be shared at our All Stage event July 15.And for a short time, Founders can attend for just $155, act swiftly to get your pass now! https://t.co/MHO2ItmuEG ...