The 2023 Annual Partner Meeting of Xicheng Venture Capital Fanquan Fund was successfully held
From June 27th to 28th, the 2023 Annual Partners' Meeting of Xichuang Tou's Quanquan Fund was successfully held. Representatives from investors such as the Jiangsu Provincial Government Investment Fund, Wuxi Municipal Finance Bureau, Shanghai Pudong Development Bank, Newspaper Group, Radio and Television Group, Wuxi National Digital Film Industrial Park, and Binhu National Investment participated.
The meeting heard the work summary of the 2023 year and the work plan for the 2024 year of the Quanquan Fund. It also deliberated on financial budget and final accounts, risk control plans, etc. The participating representatives conducted in-depth research and discussions on topics such as the fund's next work priorities and project exit arrangements.
Xichuangtou currently manages three Quanquan-series funds, namely the Taihu Lake Pudong Development Fund, Quanquan Taihu Growth Fund, and Quanquan Hollywood Fund, with a total management scale of 15.34 billion yuan. The Taihu Lake Pudong Development Fund was established on June 3, 2016, with a target scale of 10 billion yuan. The fund focuses on investing in scientific innovation and manufacturing enterprises in the Yangtze River Delta region centered around Suzhou, Wuxi, and Changzhou, focusing on fields such as semiconductors, medical devices, intelligent equipment, and new energy. It has promoted the development and growth of multiple enterprises such as XianDao Intelligence and Changjiang Electronics Technology, and has cultivated several listed companies such as Xinjie Energy and Kailong High-Tech. The Quanquan Taihu Growth Fund was established on March 13, 2019, with a target scale of 5 billion yuan. The fund mainly focuses on emerging industries such as integrated circuits, intelligent manufacturing, military-civilian integration, energy conservation and environmental protection, cultural tourism, biomedicine, and healthcare, promoting the listing and exit of high-quality projects such as Shengmei Semiconductor. The Quanquan Hollywood Fund was established on March 13, 2019, with a target scale of 340 million yuan. The fund mainly invests in the film and television culture industry, promoting the listing and exit of projects such as Shipu Testing.
In 2023, Xichuangtou operated strictly in accordance with internal institutional norms, focusing on investing in high-quality projects at the provincial and municipal levels, closely monitoring the operational development of enterprises, and providing financial empowerment services. At the same time, Xichuangtou actively promoted project exits, striving to achieve rapid capital recovery to safeguard the interests of all partners.
