Lei Jun's private equity territory has added another key member: Xiaomi Private Equity Fund has completed the filing registration and can issue products

The actual controller is Lei Jun, with a registered capital of 1.1 billion yuan and a paid-up capital of 277.5 million yuan, Xiaomi Private Equity Fund Management Co., Ltd., which is 100% controlled by Xiaomi Technology Co., Ltd., has officially completed the filing and registration of the private equity manager of the China Foundation Association on December 13.

The analysis pointed out that Xiaomi Private Equity completed the registration of private equity managers in the Asset Management Association, which is equivalent to officially entering the private equity industry, and can start issuing private fund products, raising funds for high-net-worth customers or institutional investors, and engaging in private equity investment.

Xiaomi Private Equity was quietly established on May 7 this year, and once rushed to the Weibo hot search, which some people called "the first private equity fund for young people". At that time, the company's registered capital was 100 million yuan, and it was significantly increased in August this year.

As a private equity and venture capital fund manager, Xiaomi Private Equity will mainly invest in primary market start-ups with high risk, long cycle, but rich returns after success, that is, invest in the equity of unlisted companies.

Some netizens have linked Xiaomi private equity with Xiaomi car manufacturing, predicting that the new private equity company will be used to incubate small and medium-sized unlisted companies that provide various parts and components needed for Xiaomi car manufacturing.

The legal representative of Xiaomi Private Equity was originally Lin Shiwei, vice president and CFO of Xiaomi Group, and then officially changed to Xing Song in November, who has rich experience in venture capital and management in the primary market and was still the managing director of the industrial investment department after joining Xiaomi in 2019. Another executive of Xiaomi Private Equity is Wei Ranying, head of risk control and compliance, who served as the director of investment legal affairs after joining Xiaomi in 2018.

China Fund News pointed out that in fact, Lei Jun, the head of Xiaomi, has long begun to make private equity investments, and has long obtained fund qualifications, and has a number of private fund managers on the record, including Shunwei Capital, Xiaomi Yangtze River Industry Investment Fund and Venus Venture Capital, of which the first two have a scale management scale of more than 10 billion yuan.

Shunwei Capital is a fund focusing on investment in the TMT field, focusing on the changes brought about by the combination of mobile Internet, Internet +, intelligent hardware, intelligent manufacturing, deep technology, rural Internet and other fields with other industries, and the investment projects include Xiaomi, Huami, iQiyi, Weilai Automobile, Yunmi, Yujiahui, Qutoutiao, Auntie Gang, Lilac Garden, etc.

Xiaomi Yangtze River Industry Fund actively invests in the field of semiconductors and integrated circuits in the primary market, lays out upstream and downstream industries around the xiaomi industrial chain, and has invested in Huajing Sensing, Keyun Laser, Ruixiang Communication, Tianyi Hexin, Xinlai Technology, Andutong Semiconductor, etc. Black Sesame Intelligence, a newly promoted self-driving computing chip company, is xiaomi's first investment in the core chip link of the upstream of the car after Xiaomi announced the car.

According to the statistics of China Securities News, in addition to Lei Jun, the founder of Xiaomi, since the beginning of this year, China's richest man Zhong Sui, Wahaha founder Zong Qinghou, Hong Kong and Macao entrepreneur He Hongshen's son He Youlong, Jingdong founder Liu Qiangdong and his wife Zhang Zetian have begun to become investors, and entity entrepreneurs have set up private equity funds.

Some insiders believe that entrepreneurs cross-border private equity investment is not a new thing, entrepreneurs have financial strength and industrial chain advantages, invest in some start-up companies, can lay out the upstream and downstream of the industrial chain, grasp the development trend of the industry, and help the development of their companies.

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