Introduction: The venture capital market has entered a new stage, state-owned assets are rising, and venture capital institutions need to leverage the power of reputation to move forward steadily.
In 2024, China's venture capital market will enter a challenging period, with the scale of investment reduced, the difficulty of raising funds increased, and the market activity will decline significantly. According to Smartbeast analysis data, the number of financing events in the first half of the year fell by 20% year-on-year, and the number of IPOs of Chinese companies fell by 56%. According to the "Report on Private Equity Funds in China's Primary Market for the First Half of 2024", the number and amount of newly registered private equity funds fell by more than 40% and 20% respectively, the number of participating institutions decreased by 37.8% year-on-year, and the proportion of state-owned LP investment increased to 70%.
When the power of market-based funds is insufficient, state-owned LPs have gradually become the backbone of the venture capital market, and government guidance funds and state-owned assets platforms have begun to increase their efforts to help the innovation and development of the technology industry. The venture capital market structure is being reshaped, and state-owned funds are gradually changing from the role of guidance in the past to the dominant position, and the challenges faced by market-oriented funds can be seen, and the need to grasp the pulse of the market more accurately and find new growth points, in this context, the importance of the reputation of investment institutions is becoming more and more prominent.
A good reputation can significantly enhance the market recognition of investment institutions, attract more patient capital and potential projects, and bring stable sources of funds and rich project resources to investment institutions. Brand reputation has increasingly become one of the core competitiveness that venture capital institutions must build, and it has also become a valuable asset for the long-term and sustainable development of the institution.
Leaderboard settings
The most appreciated investment institutions not only need to be supported by excellent investment performance, but also to build good industry recognition and excellent brand awareness. In July this year, for the fourth consecutive year, Venture Capital launched the "Most Admired Venture Capital Institution" selection activity, looking for the most respected and respected venture capital institutions in the industry and the most "soft power".
What does the list say? Main list + vertical field list. The main list is divided into early-stage, start-up, and private equity investment institutions according to the stage of institutional investment, as well as state-owned investment institutions newly added this year. At the same time, combined with the popular investment tracks in the past year, the list of the most appreciated investment institutions in the six vertical fields of intelligent manufacturing, AIGC, energy technology, biotechnology, new materials and overseas ecology has been established.
Who judges the list? GP peers. The review mainly adopts the method of peer review, inviting all GP partners (and above) to participate in the voting on the main list, and at the same time, inviting first-line investors of various institutions to vote for the vertical field list based on their areas of concern. According to statistics, a total of 200 investors actually participated in the voting process this year.
How is the list evaluated? Filter the voting pool + system vote. Combined with the registration and Smartbeast analysis data, we initially screened out the voting pool of each list, invited judges to participate in voting, in order to ensure fairness, each institution can not vote for itself, and at the same time limit each institution to each list can only vote once, and the final valid vote is as high as 17,000 votes.
The list has been revealed
Combined with the results of 17,000 votes from 200 industry investors, we finally compiled a list of the most admired venture capital institutions in 2024, including 4 main lists (Top 50 Early-stage Investment Institutions, Top 100 Venture Capital Institutions, Top 50 Private Equity Investment Institutions, and Top 50 State-owned Investment Institutions) and 6 vertical field lists (Top 50 in the field of intelligent manufacturing, Top 25 in the field of AIGC, Top 25 in the field of biotechnology, Top 25 in the field of energy technology, Top 25 in the field of new materials, Top 25 in the field of overseas ecology), a total of 230 institutions were honored on the list. The full list is as follows:
Top 100 Most Admired Venture Capital Institutions in 2024
Top 50 Most Admired Early-Stage Investment Institutions in 2024
2024 Top 50 Most Admired Private Equity Firms
Top 50 Most Appreciated State-owned Investment Institutions in 2024
Most Admired Venture Capital Institutions in 2024
Vertical field list