聚焦LP出资、新基金、GP招募，捕捉LP圈一周商业情报。 整理丨王满华 来源丨LP波谱 上海又有大动作了。 以下文章来源于LP波谱 ，作者王满华 LP波谱 . 本账号专注LP市场报道。"波浪、谱系"是识别市场的维度，也是定义市场的坐标；此外，波谱（Pop Art）也意为放低意义与史诗的执念，认同商业的日常之美。 将投中网设为"星标⭐"，第一时间收获最新推送 将为上海本地即将赴港上市的三大先导产业企业，在IPO这一关键节点上提供来自本土资本的强力支 撑。 事实上，地方政府基金作为港股基石投资人的角色，早在2023年便已显现。当年上市的优必选、智 行汽车科技、第四范式、易点云等企业背后，均有地方国资加注，此后两年这一趋势愈发明显。不过 在此之前，地方政府的出资方式多由下属国资平台直接投资，此次上海推出的"沪港基石基金"，正是 对这一模式的突破性创新。 作为全国首只、上海市级层面发起设立的市场化运作证券类港股基石基金，它标志着地方政府参与港 股IPO投资的方式，正从"单点支持"走向"系统化、基金化、专业化"。 不得不说，上海再一次走在了创新的前列。 除了上海的消息外，本周LP圈共有17条消息，推荐关注70亿元规模的 ...

为更好地推动科技金融与科技产业化的发展，对母基金在中国资本市场里所发挥的重要作用进 行系统研究，发挥政府出资产业投资基金等的资源和战略优势，加强政府对社会资本的管理和 引导，促进社会资本流向创新创业型企业和实体经济，推动中国投资行业特别是母基金行业的 健康发展， "中国国际科技促进会母基金分会"（简称"科促会母基金分会"）成立。科促会母基 金分会领导班子所在机构及参会机构共8 7 家，科促会母基金分会于每周二更新相关机构的一 周资讯。 【内容提要】 1 .上海迎来一支百亿数智文化基金 2 .东莞 科创集团在东莞新春第一会上再添新动能 3 .石家庄 国投集团所属国经公司到青牛智胜开展考察调研 4 . 央企战略性新兴产业发展基金有限责任公司子基金管理机构公开遴选公告 5 . 泰康资产构建竞争信息跟踪 AI智能体 6 . 国元领投，一商业航天领域皖企完成天使轮融资 7 . 海通开元助力被投企业金力新能源完成并购重组 01 上海迎来一支百亿数智文化基金 基金总规模 1 0 0亿元，首关规模3 0 . 0 3亿元，由国泰海通旗下海通创意私募基金管理有限公司 （简称"海通创意"）作为基金管理人。基金重点投资于人工智能技术 ...

据悉，基金总规模100亿元，首关规模30.03亿元，由国泰海通旗下海通创意私募基金管理有限公 司（简称"海通创意"）作为基金管理人。基金重点投资于人工智能技术为主的核心数字文化技术 产业，以及AI+、文化+融合领域。 来源：国泰海通证券 每日｜荐读 榜单： 「2026产业投资100强」评选开启 荐读： 2025募资市场年度观察：一年聊过239家LP的真实感受 荐读： 2025年IPO退出盘点：哪些GP赚钱了？ 热文： 投资人"忙疯了" 近日，长三角数智文化产业私募投资基金（上海）合伙企业（有限合伙）（简称"长三角数智文化 产业基金"或"基金"）完成设立并在中国证券投资基金业协会成功备案，正式进入投资阶段。 ...

Core Viewpoints - The article highlights significant developments in various investment funds across China, focusing on government-guided and market-driven initiatives aimed at fostering innovation and industrial growth in key sectors such as AI, semiconductor, and cultural industries [5][6][7][8][9][10][11][12][16][17][19][28][29]. Government-Guided Funds - Guangdong Province has launched a 10 billion yuan Intelligent Industry Fund, with an initial fundraising of 2 billion yuan, focusing on AI, robotics, and semiconductor technologies [5]. - The second phase of the 10 billion yuan Service Trade Innovation Development Fund aims to leverage fiscal funds to foster new foreign trade formats and enhance trade capabilities [6]. - A 4 billion yuan AIC equity investment fund has been established in Shaanxi, targeting new information technology and intelligent manufacturing sectors [7]. - The Sichuan Province has initiated a 5 billion yuan Results Transformation Guidance Fund, focusing on critical technologies in AI and semiconductors [8]. - A 50 billion yuan low-altitude economy fund has been set up in Hubei, concentrating on drone manufacturing and aviation logistics [9]. - Jiangxi Province has established a 3 billion yuan high-quality industrial development fund, focusing on private equity investments [10]. Market-Driven Funds - A 10 billion yuan new materials industry mother fund has been launched in Lianyungang, with a focus on high-performance fibers and advanced materials [10]. - The Shenzhen AI Terminal Industry Private Equity Fund has been established with a total scale of 50 billion yuan, aiming to accelerate the development of AI terminals [16]. - Felicis Ventures has completed a $900 million fundraising for its tenth fund, focusing on early-stage AI and technology investments [17]. - Goldman Sachs Asset Management is seeking to raise over $14.2 billion for its new S fund, which is expected to be the largest in its history [17]. Policy Developments - Xiamen has introduced measures to utilize a 15 billion yuan fund to empower industrial chain development, focusing on innovation and integration of various chains [28]. - Fujian Province has issued a management method for provincial government investment funds, emphasizing efficiency and support for strategic emerging industries [29]. - Tianjin has adjusted its Haihe Industrial Fund management regulations to enhance social capital investment and fund utilization [29].

Group 1 - Guangdong Province has launched a 10 billion yuan Smart Industry Fund, with an initial fundraising of 2 billion yuan, focusing on AI, robotics, and semiconductor technology [2] - The second phase of the 100 billion yuan Service Trade Innovation Development Fund has been initiated, aiming to leverage fiscal funds to foster new foreign trade formats [2] - The Yangtze River Delta Digital Cultural Industry Fund has been established with a total scale of 10 billion yuan, focusing on the integration of culture and AI [2] Group 2 - The first AIC equity investment fund in Shaanxi Province has been registered, with a total scale of 400 million yuan, targeting new generation information technology and intelligent manufacturing [2] - A 5 billion yuan Sichuan Province Achievement Transformation Guidance Fund has been launched, focusing on key technologies in AI and semiconductors [2] - The Hubei Xiaogan Low-altitude Economic Investment Fund has been registered, with a target scale of 5 billion yuan, focusing on drone manufacturing and aviation logistics [3] Group 3 - Jiangxi Jiujiang has established a high-quality industrial development investment fund with a contribution of 3.001 billion yuan, focusing on private equity investment [3] - A 1 billion yuan new materials industry mother fund has been set up in Lianyungang, with a focus on high-performance fibers and advanced inorganic non-metallic materials [3] - A 5 billion yuan talent innovation fund has been launched in Huzhou, targeting new energy vehicles and semiconductor sectors [3] Group 4 - The Longjiang Venture Capital Fund has been publicly soliciting fund management institutions, with a total scale of 500 million yuan, focusing on strategic emerging industries [4] - The 2 billion yuan Kexing Innovation Fund has been registered in Zhangzhou, focusing on electronic information and health industries [4] - The 85 billion yuan Future Industry Angel Fund in Changzhou has completed registration, targeting strategic emerging industries [4] Group 5 - A 10 billion yuan AI terminal fund has been established in Shenzhen, with a focus on AI terminal industry development [5] - Felicis Ventures has completed a $900 million fundraising for its tenth fund, focusing on early-stage AI and technology investments [5] - Goldman Sachs Asset Management is seeking to raise over $14.2 billion for its largest S fund to date [5] Group 6 - The first QFLP fund in Hefei has been established with a scale of $100 million, focusing on strategic emerging industries [6] - The Jiangcheng Huafa Fund has been registered with a scale of 1.01 billion yuan, focusing on the semiconductor sector [6] - The Chengdu Jiaozi Financial Holding Group has issued a 5 billion yuan technology innovation bond [7] Group 7 - The National First Pension Science and Technology Industry Fund has been established in Shanghai, focusing on smart healthcare applications [8] - A 2.7 billion yuan Chuxing Venture Capital Fund has been registered in Hubei, targeting new energy and semiconductor industries [8] - A 1 billion yuan new materials and smart construction fund has been established by Zhejiang University Holdings [8] Group 8 - Zhongwei Company plans to invest 735 million yuan in a 1.5 billion yuan semiconductor fund, focusing on the semiconductor and strategic emerging sectors [9] - Ningbo Huaxiang Electronics is establishing a 1 billion yuan industry fund, focusing on the automotive parts industry [9] - Suzhou Yinghuate is participating in a 1 billion yuan industry fund, focusing on high-end equipment and semiconductor sectors [9] Group 9 - Xiamen has issued measures to utilize government investment funds to empower industrial chain development, with a total of 150 billion yuan allocated [10] - Fujian Province has issued management measures for provincial government investment funds, focusing on strategic emerging industries [10] - Tianjin has adjusted the management regulations for the Haihe Industrial Fund, emphasizing the leverage of social capital [11]

Core Viewpoint - The article highlights the recent developments in Limited Partner (LP) dynamics, focusing on the establishment of various funds across different regions and sectors, indicating a growing trend in investment activities and government support for innovation and infrastructure projects. Fund Establishments - The "Service Trade Innovation Development Guidance Fund Phase II" has been established with a total scale of 10 billion yuan, with contributions from various entities including the Ministry of Finance and local investment companies [2] - The National SME Development Fund has completed the signing of its seventh batch of sub-funds, totaling 8.287 billion yuan, with partnerships formed with multiple investment institutions [3] - A new 1,000 billion yuan highway development fund in Hubei has been signed, with 300 billion yuan allocated for the mother fund, primarily aimed at highway project construction [6] - The Sichuan Province Results Transformation Guidance Fund has been launched with a focus on early-stage investments in hard technology sectors [7] - The Jiangxi Province high-quality industrial development investment fund has been established with a contribution of 300.1 million yuan [8] - A 20 billion yuan industrial guidance mother fund has been set up in Jingzhou to accelerate modern industrial system construction [10] - The Guangdong Province Intelligent Industry Fund aims for a total scale of 10 billion yuan to support technological innovation and industrial upgrades [11] - The Yangtze River Delta Digital Cultural Industry Fund has been established with a total scale of 10 billion yuan, focusing on the integration of culture and technology [12] Investment Trends - Goldman Sachs Asset Management is seeking to raise over 14.2 billion USD (approximately 101.9 billion yuan) for a new S fund, indicating a strategic move to capitalize on the secondary market [4][5] - The establishment of various funds across regions reflects a trend towards supporting strategic emerging industries, such as artificial intelligence, new materials, and semiconductor sectors [32][36] Government Initiatives - The establishment of the "Pension Science and Technology Innovation Fund" marks a significant step in supporting hard technology research and applications in the healthcare sector [20][21] - The implementation of measures in Xiamen to utilize government investment funds for industry chain development demonstrates a proactive approach to enhance economic growth [49] - The introduction of the "Yunnan Province Specialized and New Enterprises Doubling Action Plan" aims to foster innovation and support small and medium enterprises [55] Fund Management and Regulations - The Tianjin Angel Mother Fund is set to invest in multiple sub-funds, with a total target scale of 100 billion yuan [38] - The establishment of the Jiangsu Lianyungang New Materials Industry Special Mother Fund aims to promote strategic emerging industries with a scale of 1 billion yuan [39] - The announcement of the management regulations for the Tianjin Haihe Industry Fund indicates a structured approach to fund management and investment strategies [46]

Core Viewpoint - The cultural industry investment is experiencing a resurgence due to economic recovery, highlighted by significant events like the success of "Nezha" and Labubu, creating new opportunities in the sector [4]. Group 1: New Fund Establishments - A new fund named the Yangtze River Delta Digital Cultural Industry Fund has been established with a total scale of 10 billion RMB, focusing on the integration of culture and technology, particularly in the AI and cultural sectors [4][6]. - The National SME Development Fund has completed the establishment of its seventh batch of sub-funds, totaling 46 sub-funds with a scale exceeding 120 billion RMB, aimed at addressing long-term financing challenges for innovative SMEs [7]. - The Guizhou Intelligent Connected Private Equity Investment Fund has been set up with a contribution of 110 million RMB, focusing on private equity investments [8]. Group 2: Regional Investment Initiatives - The Jiangxi Jiujiang High-Quality Industrial Development Investment Fund has been established with a contribution of 3.001 billion RMB, targeting emerging industries such as electronic information and new energy [12]. - The Shandong Province has approved the establishment of a 1 billion RMB artificial intelligence industry fund, focusing on upstream technology and core components in the AI sector [17]. - The Zhangjiang High-Tech Park has announced a 2 billion RMB integrated circuit industry fund, focusing on semiconductor core areas and related hard technology sectors [18]. Group 3: Industry Trends and Developments - The automotive industry in Chongqing is thriving, with production reaching 1.214 million vehicles in the first half of 2024, including a 150% year-on-year increase in new energy vehicle production [8]. - The establishment of various funds across different regions indicates a trend towards supporting local industries and fostering innovation through targeted investments [11][24]. - The "拨改投" fund model is gaining traction, allowing fiscal funds to be transformed into equity investments, enhancing the efficiency of public funds [26][27].

Group 1 - The core viewpoint of the article is the establishment of the Yangtze River Delta Digital Cultural Industry Fund, which aims to integrate culture and technology, focusing on the digitalization of cultural industries and the industrialization of digital technologies with a total scale of 10 billion yuan and an initial phase of 3 billion yuan [1] - The fund is primarily sourced from and invested in the Yangtze River Delta region, indicating a regional focus on cultural and technological integration [1] - Shanghai has developed a modern industrial system that deeply integrates culture and technology, with plans to emphasize "culture + AI" to further promote the fusion of digital technology and cultural creativity [1] Group 2 - The fund is initiated by companies such as China Cultural Industry Investment Mother Fund Management Co., Ltd. and Shanghai Jingwen Investment Co., Ltd., with participation from various other investment entities [1] - Notable participants in the fund's establishment include Haitong Kaiyuan Investment Co., Ltd., Anhui Cultural Tourism Investment Holding Group Co., Ltd., and Ningbo Yongyuan Investment Fund Co., Ltd., with additional potential investors in discussions [1]