Blackstone China Development Fund has basically raised 5 billion (VC 269)
The Blackstone Group recently indicated that the Blackstone China Development Investment Fund has been basically completed with a scale of 5 billion yuan, of which Lujiazui Financial and Trade Zone Development Co., Ltd. (abbreviated as Lujiazui Financial Holding) is the largest investor with a capital contribution of 2 billion yuan.
The fund is the first regional RMB private equity fund established by Blackstone in Pudong District, Shanghai, China. There are no industry restrictions on the direction of investment, with particular attention to industries such as new energy, environmental protection concepts, and clean energy. In terms of investment area, the Shanghai area is the center and covers the whole country.
It is reported that Lujiazui Financial Holding signed a capital contribution agreement with Blackstone Group (China) at the beginning of the fund's settlement in Shanghai. The funds raised by the fund are all invested by LP, of which LPs are mostly private enterprises, with a minimum investment of 100 million yuan. Blackstone is the only GP of the fund, but its own funds are not involved in investment.
At the end of June, when Liang Jinsong attended the "Lujiazui Financial Forum" in Shanghai, he revealed that the blackstone RMB fund and foreign currency fund invest in China's team are the same, and the investment process is no different from Blackstone's Global Investment Committee. After the completion of the new fund raising, Liang Jinsong, chairman of the Blackstone Group Greater China, served as chairman of the fund management team, and Fushan, the first generation of the Blackstone Beijing representative office, served as general manager to make investment decisions through the China Investment Committee.
The Blackstone Group, also known as Blackstone Group, was founded in 1985. As a world-leading alternative asset management company and financial advisory service provider, its alternative asset management includes corporate private equity funds, real estate funds, hedge fund funds, mezzanine funds, senior debt instruments, proprietary hedge funds and closed-end mutual funds. Management of funds, etc. Blackstone has invested in Shouguang Agricultural Park, Zhongtong Service and Blue Star Group in China.
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