Fund Raising
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Transcript of Fund Raising
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绝密
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Funds Raising Maintain Momentum , 2011 Outnumber 2010
79 118167 124 240 164No. of
New Funds
Fund Raising
181 387410 685 188 288Amt. Raised
Data Source: Zero2IPO
2006 2007 2008 2009 2010 by July 31,20110
10
20
30
40
50
60
70
80
0
50
100
150
200
250
16
3745
721 15
2
4
24
12
1814
Amt. Raised by Foreign Currency Funds Amt. Raised by RMB FundsNo. of Foreign Currency Funds ( Right Axis ) No. of RMB Funds ( Right Axis )
( US$ B )
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LP’s Current Classification & Latent Capacity2
Local LPs’ Current Situation & Trend of Development in China
Name Purpose of Investment Total AUM
( Billion CNY)
Potential Capacity of investment in PE ( Billion CNY)
NSSF Profit Cautiously 776.5 100
FOF Profit >100 >100
Government guide fund policy oriented strategy >100 >100
Commercial Bank Profit 57600 2,500
Commercial Insurance Company
Profit 4400 >300
Securities Profit 1700 >60
Trust Company Profit 2000 80
Enterprise Annuity Profit Cautiously 200 >10
Private Enterprise / High-net-worth
IndividualsProfit
6,000( Only include
Wenzhou)>100
Potential future funding: > 3350 bn CNY
Data Source: Zero2IPO
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China Market’s LP Distribution by Type3
Data Source: Zero2IPO
China Market’s LP distribution by type( Amt. of Dry Powder )
Listed company; 17142.0%; 27.3%
Public pension funds; 143.18;
22.8%
Sovereign wealth funds; 141; 22.4%
FOFs; 32.53; 5.2%
Enterprise Annuity;
31.04; 4.9%
Bank & Trust institution;
26.08; 4.2%
Assets man-agement
company ; 20.95; 3.3%
Enterprise; 19.16; 3.0%
Investment company; 16.82; 2.7%
Government guidance funds; 9.94; 1.6%
University & Foundations; 6.21; 1.0%
High-net-worth Families & Individuals; 4.27; 0.7%
Governmental Agency; 2.88; 0.5%
Insurance Institution; 1.54; 0.2%
Family Foundations; 1.27; 0.2%
Up to June 30, 2011
China Market’s LP distribution by type( No. of LPs )
High-net-worth Families & Individ-uals; 189500.0%;
48.0%
Enterprise; 762; 19.3%
VC/PE; 268; 6.8%
Bank & Trust institution; 166;
4.2%
Assets man-agement
company ; 143; 3.6%
Investment company; 140;
3.5%
Governmental Agency; 109;
2.8%
Government guidance
funds; 104; 2.6% Listed com-
pany; 97; 2.5%
Public pension funds; 95; 2.4%
FOFs; 78; 2.0%
University & Foundations; 35; 0.9%
Insurance Institution; 21; 0.5%
Sovereign wealth funds; 16; 0.4%
Family Foundations; 15; 0.4%Enterprise Annuity; 3; 0.1%
Up to June 30, 2011
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绝密
China Market’s LP Distribution by Currency
China Market’s LP distribution by currency( Amt. of Dry Powder )
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USD; 34918.0%;
53.8%
RMB; 261.21; 40.2%
Euro; 38.76; 6.0%
China Market’s LP distribution by currency( No. of LPs )
Up to June 30, 2011
RMB; 3039; 77.0%
USD; 794; 20.1%
Euro; 46; 1.2%JPY; 30; 0.8%GBP; 22; 0.6%
HKD; 11; 0.3%Other; 5; 0.1%
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Data Source: Zero2IPO
Up to June 30, 2011
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LP’s Trend in Development & Comparison5
Local LP Compare to Global
( by Dry Powder )
Local Global0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
32%
1%
29%
31%
24%
6%
10%
22%
2%
3%
2%
24%
CompanyPension funds & Enterprise annuitySovereign wealth funds Financial institutionGovernmental agencies
High-net-worth Individuals’ investment willingness
Fund Stock Bond Real Estate Alternative0%
10%
20%
30%
40%
50%
60%
70%
80%
46.6%
68.2%
11.6%
74.7%
28.3%27.4%
40.4%
9.6%
38.5%35.9%
Current Investment percentage Future Investment Percentage
Data Source: Forbes Chinese version of the private wealth research database Data Source: Zero2IPO, Preqin