广州市荔湾区产业投资基金

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广州市荔湾区产业投资基金管理办法(修订)
Sou Hu Cai Jing· 2025-05-27 09:28
Core Points - The Guangzhou Liwan District has issued a revised management method for its industrial investment fund to enhance industrial innovation and high-quality development [1][3]. Group 1: Fund Overview - The industrial investment fund is initiated by the district government using fiscal funds, operating in a market-oriented manner without profit as the primary goal [3][4]. - The fund aims to attract social capital to support modern urban industries and technological innovation projects, promoting high-quality development in Liwan District [3][4]. Group 2: Fund Structure and Management - The fund is established in a limited partnership format with a target scale of 1 billion RMB, and an initial scale of 100 million RMB [4]. - The fund management will be conducted by a designated fund manager, who will be responsible for daily operations, investments, and exits, bearing unlimited liability [4][5]. - The fund management will follow principles of government guidance, market operation, scientific decision-making, and risk prevention [5]. Group 3: Investment Strategy - The fund can invest directly or through subsidiary funds, with at least 60% of the fund allocated for direct investments [11]. - Investments will primarily target innovative enterprises and platform companies within the Liwan District, focusing on strategic industrial clusters and future industries [9][12]. Group 4: Investment Management - The fund manager is required to conduct due diligence on investment projects and submit investment decisions to an investment decision committee for approval [12][13]. - The fund manager must provide ongoing management and support to the invested projects, including strategic consulting and resource connections [14]. Group 5: Performance Evaluation and Reporting - The fund will undergo performance evaluations conducted by the district's science and technology department and the finance bureau [25][37]. - Regular reporting on fund operations, investment performance, and financial status is mandated to ensure transparency and accountability [31][39]. Group 6: Exit Mechanism - The fund's duration is generally limited to 10 years, with provisions for extension if necessary [26]. - Exit strategies for investments include market sales, agreements, or buybacks, with specific conditions for pricing based on performance metrics [28][29].