Market Overview - Yale University is selling up to $6 billion of its private equity portfolio, marking its first large-scale divestment from private holdings, with a reported 15% discount on the assets to prioritize liquidity [2] - The National Financial Regulatory Administration issued a notice regarding significant equity investments in unlisted companies by insurance funds, emphasizing compliance with specific regulations for investment platforms and private equity funds [2] - Beijing's healthcare authorities and nine departments released measures to support high-quality development in innovative pharmaceuticals, including the establishment of a 50 billion yuan healthcare industry fund and a 10 billion yuan pharmaceutical merger fund [3] - Two funds in Shunyi District, Beijing, were established with a total of 10 billion yuan, focusing on advanced sectors such as new energy vehicles and artificial intelligence [5] - A national artificial intelligence fund with a total scale of 60.6 billion yuan was established to promote high-quality development in the AI industry, covering the entire AI value chain [5] - The second AIC fund in Haidian District, Beijing, was successfully established with a registered capital of 100.5 million yuan, co-funded by market institutions [6] - The first "city-district-town" collaborative equity investment fund in Shunyi District was launched with a subscribed scale of 525 million yuan, focusing on new energy vehicles and aerospace [6]

以下文章来源于超越 J Curve ，作者超越J曲线 超越 J Curve . 用数据延伸你的阅读 将投中网设为"星标⭐"，第一时间收获最新推送 本期带来2025年一季度VC/PE市场报告。募投市场小幅回落，头部机构韧性增强，人工智能投资逆势升温。 作者丨 投中研究院 来源丨 超越 J Curve 核心发现 第一部分 VC/PE市场募资分析 浙苏粤鲁四省新设基金占全国近六成 2025Q1，共计 29 个省市区（含港澳台）新设基金，其中， 浙江省 新设数量 217 支 位居榜首， 江苏省、广东省 新设基金 148支、109支 紧随其 后。同比来看， 浙江、安徽、上海 等地基金数量逆势增加。 募资寒冬持续，头部逆势扩容 2025Q1，中国VC/PE市场新成立基金数量共计 972支 ，较上期减少335支，环比降幅 25.6% 。和去年同期相比减少423支，同比降幅 30.3% 。整 体来看，新成立基金数量连年下滑，多季度同比环比负增长。 本期共有 711家 机构参与设立基金，其中 74.9% 机构成立1支基金，18.5%机构完成2支基金新设， 6.6% 机构完成3支及以上基金新设。去年同 期，市场共有1066家机构 ...

Core Insights - The article highlights significant developments in various investment funds across China, focusing on government-led initiatives to boost innovation and support strategic industries. Government-Backed Funds - Huzhou's Wuxing District has launched a talent innovation fund with a total scale of 500 million yuan, targeting hard technology sectors like new energy vehicles and semiconductors [5] - Hubei's highway development fund has raised 30 billion yuan to enhance transportation infrastructure, focusing on projects related to green and smart logistics [6] - Shanxi Province has approved a 10 billion yuan manufacturing revitalization fund to support key industries and promote industrial transformation [7] - A national AI fund of 600.6 billion yuan is set to focus on cutting-edge AI fields, with a 13-year duration [7] - Zhejiang Province's science and technology mother fund has completed registration with a total scale of 3 billion yuan, emphasizing AI and advanced manufacturing [8] Sector-Specific Funds - Sichuan Province is seeking GP for a 3 billion yuan electronic information industry fund to enhance competitiveness in the sector [9] - Suzhou's angel investment fund aims to support strategic emerging industries with no upper limit on total scale [9] - Longxing Fund in Changchun plans to invest in two sub-funds totaling 1.25 billion yuan, focusing on local industry development [10] - Xi'an's industrial doubling fund is set to invest 200 million yuan in a 667 million yuan technology innovation fund [10] Emerging Industry Focus - The establishment of a 10 billion yuan angel investment fund in Luoyang aims to support seed-stage enterprises in AI and new materials [11] - Zhejiang's new energy vehicle fund has a total scale of 7 billion yuan, focusing on the entire industry chain [12] - The Wenzhou Daluoshan Fund has completed registration, focusing on life sciences and digital economy sectors [12] - The Wuhan Chegu Innovation Fund, with a scale of 1 billion yuan, will invest in new energy and smart vehicles [13] International Collaborations - Malaysia's public service pension fund has partnered with Eda Capital to enhance cross-border investment opportunities in the Middle East [14] - The establishment of a 5 billion yuan mineral industry fund in Xinjiang aims to support resource exploration and development [19] Local Development Initiatives - The establishment of a 3 billion yuan advanced manufacturing fund in Handan will support the local equipment manufacturing industry [18] - The launch of a 30 billion yuan industrial investment mother fund in Liuyang aims to support electronic information and biomedicine sectors [21] - The establishment of a 20 billion yuan modern facility agriculture fund in Guangxi focuses on upgrading traditional industries [26]

「解码 LP 」系投资界旗下专注 LP 报道公众号，关注各地基金政策，捕捉 LP 最新动态，欢迎关注！ 截至周五下午，本周（1月20日-1月24日）LP动态共16起。 这让人不禁想起，去年上海数支百亿规模人工智能产业基金先后建立、人工智能大会火爆等 诸多难忘场景。如此一幕，也是全国各地发力人工智能产业的一缕写照。 LP 上海未来产业基金开始出资了 1月2 0日，总规模1 0 0亿元的上海未来产业基金正式发布申报指南，面向全国VC/PE机构伸 出橄榄枝。 这是今年国办一号文件之后首个响应实践的政府投资基金。聚焦推动上海和中国0 - 1原始创 新转化，上海未来产业基金《申报指南》提到了：长存续期设计、打破注册地限制、设立回 购让利机制等，极具风向标意味。 LP 国新创投基金启航，首期100亿 近日，中国国新联合部分中央企业、地方国资在京共同举行国新创投基金合作签约仪式。现 场，1 0 0亿国新创投基金正式启航。 更多出资方也浮出水面——据中国国新介绍，国新创 投基金出资合作单位有中国五矿、中国钢研、中国建材、中国有研、中国电气装备、杭州资 本、兴湘集团等。这是央企联合地方国资的最新举措。 LP 6 0 0亿大基金 ...