Core Viewpoint - Qingchuan Private Equity Fund Management (Wuxi) Co., Ltd. has successfully established a new fund named Wuxi Jingshuihu Heguang No.1 Venture Capital Partnership (Limited Partnership), marking another step in expanding its fund product matrix and responding to the needs of financial investors [1] Group 1 - The new fund, Heguang No.1, is the first FOF fund established by Jingshuihu Chuangtou based on the demands and risk preferences of financial investors, utilizing a purely market-oriented fundraising, investment, and management strategy [1] - Heguang No.1 achieved a high re-investment rate and fundraising efficiency, primarily attracting high-net-worth entrepreneurs and financial investors who have previously engaged with Jingshuihu Chuangtou [1] - The fund operates as a "blind pool" without specific reserve projects or targeted investments, providing maximum freedom for the investment team to explore early-stage investment opportunities over a ten-year fund duration, as opposed to the conventional seven-year term [1]

Core Viewpoint - The article discusses the successful fundraising of a new fund, "He Guang No. 1," by Jing Shui Hu Venture Capital, which is a FOF (Fund of Funds) designed based on the needs and risk preferences of financial investors, marking a shift in their fundraising strategy [2][3]. Fundraising and Investor Trust - "He Guang No. 1" achieved a high re-investment rate and fundraising efficiency, primarily attracting high-net-worth entrepreneurs and financial investors who have previously engaged with Jing Shui Hu's funds [3]. - The fund operates as a "blind pool" without specific reserve projects, reflecting a strong trust in the management team from investors [3][4]. - The fund's duration is set at ten years, providing the investment team with greater freedom to explore early-stage investment opportunities [3][4]. Investment Strategy and Focus - Jing Shui Hu Venture Capital specializes in hard technology investments, including AI, smart energy, and data algorithms, and has successfully exited several projects through various methods [4][5]. - The fund will adopt a "PSD" strategy, focusing on growth-stage VC funds and direct investment opportunities in AI+, industrial technology, new energy, and materials [5]. Management Expertise - The management team's expertise in identifying and evaluating hard technology projects is crucial for the fund's success, as the commercialization of technology often requires long-term capital support [5]. - The FOF structure allows for a diversified portfolio, which can mitigate non-systematic risks associated with individual assets or funds [4][5].