Group 1 - The core viewpoint of the article is that Xincheng Capital has successfully raised a new RMB fund with a total scale exceeding 4.5 billion yuan, positioning it as a merger and acquisition fund [2] - After this fundraising, the total assets managed by Xincheng Capital amount to 9.59 billion USD [2] - The fund has a diverse range of limited partners (LPs), including government guidance funds, insurance capital, mother funds, securities firms, and enterprises, with market-oriented institutional investors being the absolute majority [2] Group 2 - The fund is based in the Suzhou Industrial Park, a national-level economic and technological development zone, and will leverage the advantages of the Yangtze River Delta industrial cluster to promote the close integration of capital and industry [2] - The fund will collaborate with the previously raised Chenxi Win-Win Fund, which also has a scale of 4.5 billion yuan, continuing the investment strategy centered on controlling mergers and acquisitions [2] - Xincheng Capital, a private equity investment business under CITIC Capital Holdings Limited, has a history dating back to 2002 and has completed a total of 100 investments, with over 70 being merger and acquisition projects [2]