China Fund News reporter Lin Xue
After 7 months, Xiaomi Private Equity Fund Management Co., Ltd. completed the registration of private equity managers in the Asset Management Association and officially entered the private equity industry. The fund Jun found that the registered capital of this cutting-edge private placement is as high as 1.1 billion, and what actions are worth looking forward to in the future.
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, two of which have a scale management scale of more than 10 billion yuan.
Xiaomi Private Equity Fund completed the filing and registration
Officially entered the private equity industry
According to the information of the Asset Management Association, Xiaomi Private Equity Fund Management Co., Ltd. completed the registration of private fund managers on December 13 this year, and the institutional type is private equity and venture capital fund managers, and the company currently has 2 full-time employees.
Completing the registration of private equity managers means that in the future, Xiaomi Private Equity Fund can issue private equity fund products in the future, raise funds for high-net-worth customers or institutional investors, and engage in private equity investment.
In fact, on May 7 this year, the Xiaomi Private Equity Fund was just established, and it rushed to the hot search, triggering a series of discussions, "the first private equity fund for young people is coming.".
Public information shows that the registered capital of this new private placement has reached 1.1 billion yuan, the paid-up capital is 277.5 million yuan, and the shareholder is Xiaomi Technology Co., Ltd., wholly-owned 100% controlled, penetrating the equity structure, and the actual controller behind it is Lei Jun.
Judging from the filing information of the Asset Management Association, the legal representative and general manager of Xiaomi Private Equity Fund is Xing Song, who has more than ten years of experience in equity investment, joined Beijing Xiaomi Mobile Software Co., Ltd. in August 2019 as the managing director of the industrial investment department, and became the executive director of Xiaomi Private Equity Fund in September 2021.
The company's compliance risk control and information filler is Wei Ranying, who joined Beijing Xiaomi Mobile Software Co., Ltd. in May 2018 as the legal director of investment.
It is worth mentioning that the registered capital of Xiaomi Private Equity Fund Management Co., Ltd. is as high as 1.1 billion yuan, and the registered capital of the company was 100 million yuan when it was first established, and then it increased significantly in August this year. At the same time, the company's legal representative changed from Lin Shiwei to Xing Song in September this year.
After officially registering as a private fund manager, what actions will the Xiaomi Private Equity Foundation take in the future is worth looking forward to.
Lei Jun has a number of private equity funds on the record
The scale of the two companies is more than 10 billion yuan
In fact, the fund Jun found that Lei Jun, the head of Xiaomi, has long begun to make private equity investments, and there are a number of private fund managers on the record, two of which are more than 10 billion in size.
According to the information of the Asset Management Association, Shunwei Capital Investment Consulting Co., Ltd. of Lhasa Economic and Technological Development Zone was established on January 7, 2015, with a registered capital of 100 million, and was registered as a private equity and venture capital fund manager in the Asset Management Association on June 29, 2015, and its current management scale has exceeded 10 billion yuan, and it has been promoted to a large-scale private placement of 10 billion yuan.
The private equity fund is personally helmed by Lei Jun, who serves as the chairman, and the investors of Shunwei Capital are Lei Jun who subscribes to 75% and Zhang Tong subscribes to 25%. At present, it has filed 11 private equity funds such as Wuhan Shunke Equity Investment Partnership (Limited Partnership).
It is worth noting that Lei Jun has also obtained fund qualifications long ago. According to public information, Shunwei Capital is a fund focused on investment in the TMT field set up by Lei Jun and Internet people, and its name is taken from Lei Jun's famous saying "go with the flow".
Shunwei Capital focuses 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. Its investment projects include Xiaomi, Huami, iQiyi, Weilai Automobile, Yunmi, Yujiahui, Qutoutiao, Auntie Gang, Lilac Garden, etc.
In addition, Lei Jun also filed a private equity fund - Hubei Xiaomi Yangtze River Industry Investment Fund Management Co., Ltd., established in October 2017 with a registered capital of 10 million, and later completed the registration of private equity and venture capital fund managers in April 2018, and the current management scale is also more than 10 billion yuan. However, it has only filed one private equity fund product, Hubei Xiaomi Yangtze River Industry Fund Partnership (Limited Partnership).
The chairman of Hubei Xiaomi Yangtze River Industrial Investment Fund is also Lei Jun, whose shareholders include Xiaomi Industrial Investment Management Co., Ltd., which holds 80% of the shares, as well as Hubei Yangtze River Economic Belt Industrial Fund Management Co., Ltd. and Wuhan Optics Valley Industrial Investment Fund Management Co., Ltd., which hold 15% and 5% respectively.
Xiaomi Yangtze River Industry Fund is deeply rooted in the primary market, actively investing in the field of semiconductors and integrated circuits, and recently led the investment in the autonomous driving computing chip company Black Sesame Intelligence, which is the first investment in the core chip link of the upstream of the car after Xiaomi announced the car.
Industry insiders said that the Xiaomi Yangtze River Industry Fund actively lays out upstream and downstream industries around the xiaomi industrial chain, including chip and semiconductor industries. From its investment situation, it also includes Huajing Sensing, Keyun Laser, Ruixiang Xuntong, Tianyi Hexin, Xinlai Technology, And Sotong Semiconductor.
In addition, Xiaomi also has a private equity fund on record, Tianjin Jinxing Venture Capital Co., Ltd., which was established in December 2013 with a registered capital of 2.477 billion yuan and is 100% owned by Xiaomi Technology Co., Ltd. In October 2015, he was registered as a private equity and venture capital fund manager, and his business type was venture capital funds. At present, its management scale ranges from 2 billion to 5 billion yuan.
At present, there are 16 private equity fund products on the record under this private equity, including Tianjin Jinmi Investment Partnership (Limited Partnership).
Tianyancha information also shows that since the beginning of this year, Xiaomi has invested 74 projects, including Weilan New Energy, Etek Automotive Electronics, Craftsman Rock Intelligence, Listening, Chasing Technology, And popular Qitian, etc., many of which are laid out around the upstream and downstream of its industrial chain.
Why are corporate leaders doing private equity investment?
In addition to Lei Jun, this year there are a number of corporate bigwigs to do private placement, on November 29 this year, Hainan Sanya Tianbo Industry Private Equity Fund Management Co., Ltd. was established, with a registered capital of 10 million yuan, jointly held by Liu Qiangdong, Zhang Zetian and Li Ruiyu.
On September 16 this year, Guanzi Private Equity Fund Management (Hangzhou) Co., Ltd. also completed the registration of private fund managers, the company's registered capital is 30 million yuan, and Zhong Xiaoshu holds 98.38% of the shares after equity penetration.
In July this year, Zhejiang Wahaha Venture Capital Co., Ltd. officially completed the registration of fund managers, and the company's legal representative is Zong Qinghou, who also has fund qualifications.
What is the reason why entrepreneurs have come down to do investment? Industry insiders believe that entrepreneurs cross-border private equity investment is not a new thing, entrepreneurs have financial strength and industrial chain advantages, investment in some start-up companies, can lay out the upstream and downstream of the industrial chain, grasp the development trend of the industry, is conducive to the development of their companies.
Edit: Joey
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