In July 2022, Shanghai SIIC-CGP Asset Management Co., Ltd. ("SIIC-CGP") has completed the first round fund-raising and fund filing of the SIIC-CGP Secondary Fund II, which fund scale is over RMB 100 million and cornerstone investors include SIIC Capital and Harvi Capital.
The SIIC-CGP Secondary Fund II adopts an investment strategy of ¨P (Primary) + S (Secondary) + D (Direct)", focusing on fund shares investment of intermediate-final stage, with a primary investment in strategic emerging industries such as healthcare, AI technology, advanced manufacturing, energy conservation & environmental protection and consumption upgrading.
As a well-known FOF management institution of VC and PE investment, SIIC-CGP proposes a systemic development of 'Fundraising-Investment-Management-Withdrawal', fostering life-cycle management administration. It aims to resolve difficulties in fund withdrawal and to construct second-hand share and M&A transaction services, for the purpose of increasing mobility of the equity investment market. It seeks to mature into a FOF which better supervises fund management and withdrawal in China.
The value of private equity transactions in the secondary market (Secondary Fund) has been diversified and recognized progressively, benefitted from recent active performances within the market. Llinks Private Fund Team has multi-year experiences operating in the fund establishment and investment sector. As the legal advisor of SIIC-CGP, Llinks has contributed comprehensive legal services to this project with a fertile base of project experience, including fund structure design, drafting of fund contracts, negotiation and fund filing.
Llinks Team:
Partner: Lawrence An
Associate: Sunny Feng
