Everbright's New Economy Fund

Overview

The New Economy Fund, managed by China Everbright Limited, is a private equity fund established in 2018 to invest in emerging businesses within China's new economy sector. The fund aims to identify and support companies that demonstrate innovation and entrepreneurial potential, leveraging Everbright's extensive financial, global, and industrial resources to foster their growth and development. By focusing on sectors such as technology, healthcare, and consumer goods, the fund seeks to create long-term value for investors and contribute to the advancement of China's economy. The fund's investment strategy emphasizes sectors undergoing industrial upgrades driven by technological advancements, including artificial intelligence, new energy, and new materials. It targets businesses in their developing stages that exhibit insights into the Chinese market, aiming to support their growth through strategic investments and value-added services. The New Economy Fund maintains a diversified portfolio, investing in companies across various industries such as automotive, media, entertainment, financial services, energy, education, logistics, real estate, telecommunications, retail, manufacturing, and agriculture. With assets under management exceeding RMB 26 billion, the New Economy Fund has invested in 84 high-quality enterprises, of which 34 have successfully IPO or exited via M&A. The fund has a proven track record in the technology sector, with notable investments in companies like SenseTime, NIO, XPeng, 4Paradigm, Circle, QiAnXin, Terminus, CiDi, Yunji Technology, UMS, Mashang Consumer Finance, Chunmi Technology, iQiyi, Cloud Music, Sanrenxing, HC SemiTek, and MLS. The fund's investment philosophy centers on identifying promising new economy projects and providing comprehensive support to portfolio companies, including capital market operations, industrial resources, cross-border business expansion, brand building, and talent acquisition, to facilitate significant value enhancement. The New Economy Fund is managed by a dedicated team of professionals with diverse industry backgrounds, including investment banking, securities trading, internet, audit, law, and business companies. This blend provides them with both international perspective and local expertise. The team has collectively managed 10 successful RMB and USD funds, with a track record validated by the market. Each member specializes in their respective focus areas, conducting forward-looking industry research and making precise investment judgments to consistently create value for portfolio companies and investors.

Investment Focus

• Focus on technology-driven sectors
• Target companies in early to growth stages
• Preference for businesses with China-market insights
• Interest in sectors undergoing industrial upgrades
• Willingness to provide value-added services to portfolio companies

Portfolio Companies