The Industrial Innovation Cluster Development Fund of Zhangjiagang, jointly initiated by Zhangjiagang Capital Group and Suzhou Fund, has recently been recognized as one of the Top 30 Best Private Equity Guidance Funds in China of 2024 by CVINFO.
An aerial view of Zhangjiagang. [Photo/WeChat account: zhangjiagangfabu365]
Established in June last year, the Zhangjiagang Industrial Innovation Cluster Development Fund exceeds 1.35 billion yuan ($186.28 million) in value. It targets Zhangjiagang's "4+4" key industry chains, aiming to strengthen and supplement them through market-oriented investments, thereby promoting the development of innovation industrial clusters in Zhangjiagang.
In recent years, the fund has actively invested in emerging industries, organizing major forums on the aerospace and new energy sectors, effectively strengthening Zhangjiagang's profile in innovation, entrepreneurship, and finance. Additionally, the fund has attracted external capital and industrial resources, successfully introducing four projects in Zhangjiagang this year with a total investment exceeding 800 million yuan. It has also allocated 91 million yuan in social capital investments into local enterprises.
CVINFO is a leading third-party institution focusing on China's private equity investment sector. Its rankings are based on comprehensive research into more than a thousand active private equity investment institutions in China. The evaluation criteria include the total scale of equity investment management by active limited partners (LPs) in China, annual investment scale and volume, and the performance of invested funds. CVINFO's rankings, now in their 18th consecutive year, are regarded as a benchmark in the equity investment industry in China.