人民财讯8月11日电，企查查APP显示，近日，烟台新智股权投资合伙企业(有限合伙)成立，出资额3亿 元，经营范围包含：以自有资金从事投资活动；创业投资(限投资未上市企业)。企查查股权穿透显示， 该企业由烟台泓福城市投资开发有限公司等共同出资。 ...

人民财讯8月11日电，企查查APP显示，近日，宜宾民营经济发展股权投资合伙企业(有限合伙)成立，出 资额1亿元，经营范围包含：以私募基金从事股权投资、投资管理、资产管理等活动。企查查股权穿透 显示，该企业由宜宾发展创投有限公司等共同出资。 ...

Core Insights - The article emphasizes the investment philosophy focused on small cap companies, highlighting the importance of identifying mispriced securities through understanding financial drivers and utilizing DCF model valuation [1]. Group 1 - The investment strategy is not confined to traditional categories such as value, dividend, or growth investing, but rather considers all prospects of a stock to assess risk-to-reward [1].

Group 1 - Hainan Tianzhao International Investment Co., Ltd. has been established with a registered capital of 150 million yuan [1] - The legal representative of the company is Liu Song [1] - The company's business scope includes investment activities using its own funds [1] Group 2 - Wuhan Tianyuan holds 100% ownership of Hainan Tianzhao International Investment Co., Ltd. [1]

Core Viewpoint - C1 Fund, the world's first private investment company focused on Web3 and digital asset services, has officially listed on the New York Stock Exchange, marking a significant bridge between traditional capital markets and the Web3 industry [2][3]. Group 1: IPO Details - C1 Fund issued 6,000,000 shares at a price of $10 per share, raising approximately $60 million [2]. - The fund plans to invest at least 80% of its total assets in equity and equity-linked securities of companies primarily engaged in Web3 and digital asset services and technology [2]. Group 2: Management Team - The core team of C1 Fund includes industry leaders such as Michael Lempres, Najam Kidwai, Michael Zhao, and Elliot Han, bringing extensive experience in fintech and digital asset investments [3][4]. - The team aims to provide exclusive investment opportunities focused on the top 30 leading companies in the global Web3 industry, seeking to achieve excess returns through active management [3]. Group 3: Market Impact - The listing of C1 Fund signifies a deep integration of traditional financial markets with the Web3 industry, effectively linking high-growth opportunities in Web3 with liquidity from mainstream financial markets [3]. - The innovative structure of the fund aims to address the uncertainty of exit strategies in the primary market for Web3 investments [3]. Group 4: Strategic Partnership - Huaxing Capital served as the sole underwriter for C1 Fund's IPO in Asia, leveraging its strengths in cross-border capital operations and industry ecosystem integration [3][4]. - The partnership is based on a shared vision of focusing on top digital asset leaders and a commitment to compliance, aiming to create a mutually beneficial ecosystem [4]. Group 5: Future Outlook - Huaxing Capital plans to establish a long-term strategic partnership with C1 Fund, focusing on deepening investments in the Web3 sector and supporting more outstanding entrepreneurial ventures [4]. - The collaboration is seen as a significant step towards becoming a flagship financial institution in the Web 3.0 era, enhancing financial efficiency and asset liquidity through digital currencies [4].

Core Points - Prospect Park Capital Corp. held its annual general and special meeting of shareholders on July 21, 2025, with 19,450,235 shares represented, accounting for 23.5% of eligible voting shares [1] - The company completed a consolidation of its common shares on July 25, 2025, at a ratio of one post-consolidation share for every twenty pre-consolidation shares, resulting in 12,389,873 outstanding shares [2] - The company is transitioning from an investment issuer to an oil and gas issuer through an assignment and conveyance of overriding royalty interest (ORRI) with Wedgemount Texas Corp. [3][4] - The ORRI Assignment involves acquiring a 1% royalty interest for US$160,000 from certain oil and gas leases in Runnels County, Texas, pending shareholder approval for an amendment to its by-law [4][5] - A special meeting of shareholders is scheduled for September 26, 2025, to vote on the by-law amendment necessary for the ORRI Assignment [5] - The company completed a financing of $50,000 through secured convertible debentures, maturing on August 8, 2026, with a 12% annual interest rate, secured by the ORRI [6]

Core Viewpoint - Helios Fairfax Partners Corporation reported a return to growth in book value and strong net earnings in Q2 2025, driven by the performance of Helios Managed Investments and improved expectations from underlying investments [2][4]. Financial Performance - The company reported net earnings of $11.6 million in Q2 2025, a significant recovery from a net loss of $16.5 million in Q2 2024 [4]. - For the first six months of 2025, net earnings were $12.4 million, compared to a net loss of $21.2 million in the same period of 2024 [5]. - The net earnings in Q2 included $19.9 million in net gains from Helios Managed Investments and a net gain of $3.3 million from TopCo LP Class A [4][5]. - Book value per share increased to $3.96 as of June 30, 2025, up from $3.85 in Q1 2025, primarily due to unrealized gains from Helios Managed Investments [5][7]. Investment Activities - The company deployed $1.2 million under a loan facility with Digital Ventures and $1.5 million under a $13.5 million loan facility with Helios Sports & Entertainment Group (HSEG) during the quarter [5]. - HFP committed to investing $20 million in Helios Fund V and an additional $2 million for management team commitment, which will allow HFP to share in future carried interest [5]. Cash Position - As of June 30, 2025, the company had $14.7 million in cash and cash equivalents [7]. - The total number of common shares outstanding increased to 108,291,576 from 108,179,127 at the end of 2024 [7].

Financial Data and Key Metrics Changes - The proposal to authorize the sale or issuance of shares at a price below the current net asset value (NAV) per share was unanimously recommended by the board of directors [5][8]. Business Line Data and Key Metrics Changes - No specific data on business lines or key metrics was provided during the meeting. Market Data and Key Metrics Changes - The stock is currently trading at a premium to NAV, indicating a favorable market position [12]. Company Strategy and Development Direction - The company is considering measures to adapt to market changes, although no specific offerings are currently contemplated [11][12]. Management Comments on Operating Environment and Future Outlook - Management cautioned that future operations may differ from anticipated results and urged investors to review cautionary statements in SEC filings [6]. Other Important Information - The meeting was a special stockholder meeting, and only validated stockholders were allowed to ask questions [4][9]. Q&A Session Summary Question: Who would be eligible to acquire shares, and how will they go about purchasing shares in an offering? - The general counsel indicated that there is no current offering contemplated, and specifics would be provided in applicable offering documents if a future offering occurs [10][12].

Group 1 - The company announced that its wholly-owned subsidiary, Xinhua News Venture Capital Co., Ltd., has participated in the investment of Xinhua News Zhixin (Nantong) Equity Investment Partnership (Limited Partnership) [1] - The total subscribed capital of the partnership is not specified in the announcement, but the company has signed the partnership agreement with Guotai Junan Financial Holdings Investment (Shanghai) Co., Ltd. and Yangzhou Mingshuo Chip Technology Equity Investment Partnership (Limited Partnership) [1] - The partnership has completed the capital contribution of RMB 53.1 million, and the fundraising for the partnership is now fully completed [2] Group 2 - The company will continue to monitor the subsequent progress of the partnership and will fulfill its information disclosure obligations in accordance with relevant laws and regulations [2]

Financial Performance - Total investment income for Q2 2025 was $12.63 million, compared to $12.1 million in Q1 2025 and $16.337 million in Q2 2024[11] - Core investment income for Q2 2025 was $12.63 million, compared to $12.102 million in Q1 2025 and $16.225 million in Q2 2024[11] - Net investment income (NII) for Q2 2025 was $4.6 million ($0.50 per share), compared to $4.34 million ($0.47 per share) for Q1 2025 and $6.477 million ($0.70 per share) for Q2 2024[11] - Net asset value (NAV) as of June 30, 2025, was $164.7 million ($17.89 per share), compared to $173.5 million ($18.85 per share) for Q1 2025[11] Portfolio Composition and Activity - Investment portfolio at fair value as of June 30, 2025, was $395.109 million, comprised of 96 different portfolio companies[11] - Deployments of approximately $10.9 million and repayments and sales of approximately $17.0 million, resulting in net repayments and sales of approximately $6.1 million[11] - Debt investments on non-accrual, as of June 30, 2025, were six, representing 2.1% of the Company's investment portfolio at fair value and 4.8% at amortized cost[11] - Weighted average annualized yield, excluding income from non-accruals and collateralized loan obligations, was approximately 10.7% as of June 30, 2025[11] Capital Structure and Distributions - Par value of outstanding borrowings, as of June 30, 2025, was $255.4 million, with an asset coverage ratio of total assets to total borrowings of 165%[11] - Declared a regular quarterly base distribution of $0.47 per share of common stock, and a supplemental cash distribution of $0.02 per share of common stock[11] Recent Developments - The company announced the closing of the merger with Logan Ridge Finance Corporation on July 15, 2025, with the combined company having total assets in excess of $600 million based on July 11, 2025, financial data[9]