Tiger Global, the investor that spurred the VC bull market of 2020-2021, is reportedly raising a fresh $2.2 billion fund.The firm sent a letter to potential limited partners, according to a copy obtained by CNBC, seeking to raise the cash for a vehicle called Private Investment Partners 17 (PIP 17). The letter also promises a more humble approach than during the 2021 bull-market madness. During that time, Tiger Global was moving fast and investing abundantly, a method the venture industry calls “spray and ...

Meanwhile, Tiger Global is announcing announcing the launch of its 17th venture capital fund to raise about $2 billion. Dear Jabosa has the details in tech check. What are the targets now.Dearra, >> so Kelly, this is essentially a strategic reset. You could think of it like that. Tiger has been one of the biggest forces in the startup ecosystem over the last half decade, but the last few years have been marked by heavy markdowns and slower deployment.Now, according to the letter and an investor call audio t ...

Hey Sarah. So in a letter to investors that I obtained from a source, Tiger Global says it's launching a new private investment fund similar in size to its earliest vintages. Now Tiger was part of that mega fund frenzy of 2020 and 2021 when it took positions in OpenAI and Whimo.Those two companies are now leading the current cycle. In fact, the letter discloses that Whimo is now delivering 450,000 rides per week. That is nearly double what Whimo last shared in April.Now both the letter and the audio from fo ...

Core Viewpoint - The Beijing Private Equity Association released the "Future Sustainable Investment" excellent cases for 2025, showcasing the latest practices of equity investment institutions, industrial capital, and financial institutions in fields such as green technology, hard technology, and artificial intelligence [1][4]. Group 1: Investment Institutions and Cases - A total of 20 excellent cases were selected, including institutions like PICC Equity, CPE Yuanfeng, Guoke Jiahe, Shunxi Fund, Jinpu Investment, Guoneng Fund, Chuangshi Partners, Lenovo Venture Capital, and Citic Bank, along with companies such as New Stone Age Unmanned Vehicles, Chip Vision, Yufeng Future, Saif Gene, Liufen Technology, Waterwood Future, Tashan Technology, Family Doctor, Xidi Smart Driving, Huamei Titanium Technology, and Hantong Medical [1][4]. Group 2: Role of New Productive Forces - New productive forces are increasingly becoming the core engine driving high-quality economic development, with technologies like artificial intelligence, green low-carbon solutions, unmanned driving, and embodied intelligence reshaping traditional industries and creating new business models [4]. - Equity investment institutions, industrial capital, and financial institutions are playing a crucial role in linking technological innovation with the real economy, providing long-term capital and systematic empowerment to innovative enterprises [4]. Group 3: Collaborative Practices - The 2025 cases reflect not only the innovation capabilities of technology companies but also the collaborative practices of diverse capital entities, focusing on "green + technology" cooperation between central and local governments, specialized venture capital institutions for early-stage and hard technology, and banks and insurance asset management institutions that understand the growth pain points of tech companies [4][5]. - The aim is to build a more open, resilient, and sustainable innovation ecosystem through comprehensive layout and full-chain empowerment [4]. Group 4: Ongoing Initiatives - Since the launch of the "Future Sustainable Investment Initiative" in 2021, the Beijing Private Equity Association has been actively promoting the concept of sustainable investment, collaborating with private equity investment institutions, industrial parties, and financial institutions to deepen practical implementation [5][6]. - The association will continue to monitor and document the latest explorations and practical achievements in the field of sustainable investment, encouraging more institutions to support technological innovation, green development, and improvement of people's livelihoods from a long-term perspective [6].

Core Insights - In November 2025, the Asset Management Association of China approved the registration of 11 new private equity and venture capital fund managers, including 3 state-owned and 8 market-oriented institutions [5][6]. Group 1: Fund Managers Overview - Zhuhai Yuanfeng Ruizhuo Private Fund Management Co., Ltd. was established on April 18, 2025, with a registered capital of 12 million RMB, and is affiliated with CPE Yuanfeng [7]. - Suzhou Yuanshuo Venture Capital Management Co., Ltd. was established on August 16, 2024, with a registered capital of 10 million RMB, and is associated with the listed company Huaxing Yuanchuang [7]. - Shandong Shehe Private Fund Management Co., Ltd. was established on February 27, 2024, with a registered capital of 18 million RMB, and is a state-controlled private equity investment fund [7]. - Zhongzi Huan (Shenzhen) Private Equity Fund Management Co., Ltd. was established on May 21, 2025, with a registered capital of 100 million RMB, and is controlled by China Resources Recycling Group [7]. - Shanghai Linghe Luhui Private Fund Management Co., Ltd. was established on September 11, 2024, with a registered capital of 10 million RMB [8]. - Guochuang Yangtze River Delta Private Fund Management (Shanghai) Co., Ltd. was established on July 21, 2025, with a registered capital of 10 million RMB, and is a state-owned institution [8]. - Ningbo Fenji Yunze Private Fund Management Co., Ltd. was established on February 11, 2025, with a registered capital of 10 million RMB [8]. - Shanghai Xingqi Future Venture Capital Management Co., Ltd. was established on May 30, 2025, with a registered capital of 10 million RMB [8]. - Guangzhou Metro Capital Private Fund Management Co., Ltd. was established on March 4, 2025, with a registered capital of 30 million RMB, focusing on rail transit-related industries [8]. - Zhuhai Junli Private Equity Fund Management Co., Ltd. was established on August 20, 2025, with a registered capital of 10 million RMB [8]. - Yaodu Private Fund Management (Beijing) Co., Ltd. was established on August 1, 2025, with a registered capital of 10 million RMB, focusing on sectors like semiconductors and new materials [9][10]. Group 2: Registration and Capital Analysis - Among the 11 newly registered fund managers, 9 have a paid-in capital ratio of 100%, while Guangzhou Metro Capital has a paid-in ratio of 33.33%, and Zhongzi Huan (Shenzhen) has the lowest at 15% [14][15]. - The average time taken for the registration process was 115 days, with the fastest being Yaodu Capital at 50 days and the slowest being Yuanshuo Venture Capital at 232 days [16][17]. Group 3: Legal Services - A total of 9 law firms were engaged for the registration of the new private fund managers, with Guohua Law Firm and Shanghai Jintiancheng Law Firm serving 2 institutions each [18][19].

此外，由汇通金控、南山战新投、清科控股共同统筹的"南山科创投资伙伴计划"也于12月3日正式启 动。该计划汇聚了早期投资、创业投资及上市基石投资等领域的代表性机构，通过"政府引导+市场运 作"机制，重点支持深圳市南山区"基础研究+技术攻关+成果转化+科技金融+人才支撑"全过程创新生态 链建设。计划将围绕人工智能、生物医药、新能源等战略性新兴产业，通过联合投资、资源共享、政策 协同等方式，激发科技创新与资本融合的乘数效应，打造具有全球影响力的科技产业创新高地。 新华财经深圳12月4日电（记者卫韦华）4日，记者从第二十五届中国股权投资年度大会上获悉，英诺天 使基金、云启资本、元禾原点、金沙江联合资本、峰瑞资本、力合科创等知名早期投资机构，与西丽湖 国际科教城X9高校院所联盟成员单位达成战略合作。双方将共同探索"资本+技术+场景"的转化模式， 通过设立专项基金、共建孵化平台、开展技术评估等方式，加速高校科研成果从实验室走向市场，为源 头创新注入资本活水。 作为深圳乃至全国科教资源最密集的区域之一，西丽湖国际科教城汇聚了深圳大学、南方科技大学、哈 尔滨工业大学（深圳）、清华大学深圳国际研究生院、北京大学深圳研究生院、深 ...

While many venture firms seem to only have eyes for AI these days, Nexus Venture Partners is deliberately splitting its focus for its new $700 million fund. The firm will back AI startups and seek out India-focused startups in consumer, fintech, and digital infrastructure. AI has soaked up most of the venture capital raised globally and the 20-year-old VC firm also sees AI as a defining technological shift. But it argues crowding into a single, overheated category carries its own risks. India’s digital ...

Core Insights - The 25th China Private Equity Annual Conference has been upgraded to "Qingke·Nanshan Venture Week," aiming to create a top-tier industry event that integrates trend insights, opinion exchanges, and resource connections [1] - The venture capital industry is undergoing profound changes and restructuring, with the conference focusing on cutting-edge trends to foster industry consensus and deepen collaboration between industry and capital [1][3] Group 1 - The founder and CEO of Qingke Group, Ni Zhengdong, reflected on the 25-year development journey of China's venture capital industry, emphasizing its integration into the national innovation system and its role in promoting technological self-reliance [3] - A keynote speech by Jin Haitao, Chairman of Qianhai Ark Asset Management, provided insights into the strategic value of venture investment and a forward-looking perspective on the future development trends of China's venture capital market [5] - The "Influence Dialogue" segment featured discussions among leaders from twelve major industry institutions, exploring different paths and strategies for future industry development [5] Group 2 - The "Nanshan Sci-Tech Investment Partner Program" was launched, aiming to enhance the innovation ecosystem in Nanshan District by integrating early-stage investment, venture capital, and foundational investment [6] - A strategic cooperation agreement was signed to address the challenges of technology transfer, involving early-stage investment institutions and several universities to inject capital into source innovation [8] - The conference included specialized summits on AI, innovative pharmaceuticals, and life sciences, along with an exhibition showcasing over twenty cutting-edge sci-tech projects, creating a vibrant atmosphere for industry exchange [9]

Core Viewpoint - Shenzhen-based venture capital partnership, Shenzhen Shenhihongtu Venture Capital Partnership (Limited Partnership), has been established with a total investment of 97.95 million yuan, focusing on investing in unlisted companies and conducting investment activities with its own funds [1] Group 1 - The newly established venture capital partnership has a registered capital of 97.95 million yuan [1] - The business scope includes venture capital limited to investments in unlisted enterprises [1] - The partnership is co-held by Huifeng Diamond and Li Tifeng among others [1]

Core Insights - The number of public companies is decreasing, prompting investors to seek diversification in private markets, raising questions about the balance of opportunities and risks between public and private investments [1] - The IPO market is perceived as broken, with significantly fewer IPOs today compared to 20-30 years ago, leading to a call for reforms to improve access for retail investors [1][4] - There is a growing trend towards democratizing access to private investments for retail investors, allowing them to participate in a broader range of investment opportunities [4][5] Group 1: Public vs. Private Markets - The distinction between public and private markets is becoming less clear, with opportunities available in both sectors [1] - Large public tech companies are seen as key players in driving AI advancements, making it essential for private investors to understand their activities [1] - The mindset for investing in public and private markets differs, with public investments often requiring quicker returns while private investments allow for longer-term horizons [1] Group 2: IPO Market and Retail Access - The current IPO market is described as broken, with a significant decline in the number of IPOs, which limits retail investors' access to new public companies [1][4] - There is optimism about a potential recovery in the IPO market, with expectations for more high-quality companies to go public in the near future [1] - Retail investors are increasingly being encouraged to diversify into alternative investments, which can enhance portfolio performance [4][5] Group 3: Risk Management and Education - Emphasis is placed on the importance of educating retail investors about the risks associated with alternative investments to ensure informed decision-making [2][3] - The integration of semi-liquid products into retail portfolios is seen as beneficial, allowing investors to capture value over longer cycles [6][8] - There is a recognition that retail investors can be sophisticated and capable of understanding complex investment products, which supports the push for broader access to institutional-quality investments [2][3]