The Rise Of Suzhou'S Capital: Yuan Hau'S Head Of State Playing PE

On the last day of 2019, PE Yuan Yuan Yuan announced the completion of its fund-raising fund.

The Yuan Yuan Yuan AI Artificial Intelligence fund, also known as the "Yuan Yuan II fund", has a total scale of over 2 billion yuan. It mainly invested in the four growth stages of artificial intelligence, big data, cloud computing and the Internet of things (ABCI).

"We have been following the path of industrial upgrading, following the new economic growth point and the technology that will lead to human progress in the future. Demographic dividend and traffic dividend also have data dividends after the end of the dividend. Many companies we see are related to this topic. Yuan He Yuan Yuan management partner Yao Hua told reporters.

Yao Hua was the core of the founding team of Yuan He Yuan Yuan. In 2010, he led the team to complete the market transformation and became the first independent investment PE team under the yuan he holding system.

In twenty-first Century, the business reporter also visited a number of new Suzhou economy and high-tech enterprises. "Suzhou capital" has become a frequent statement by respondents. From the perspective of the whole science and technology board market, four enterprises were completed and approved in 2019, and three of them were listed.

Yuan Wo Yuan Yuan team had rarely received media interviews before, and counted its past investment but found that the fund of team management is also an important institutional shareholder of Shun Feng, Xu Chuang technology, UCloud excellent carving, etc.

In December 24, 2019, the SFC issued a notice that it agreed to enroll the Polytron Technologies Inc (UCloud excellent carving) IPO. As a result, it will be the first company to share the same rights and the first share of the first cloud computing company to hit the bell at the Shanghai Stock Exchange.

"We do intensive cultivation of the entire industry and industry according to the track. Only when the research is thorough enough can we refocus when opportunities arise. " Meanwhile, Meng Aimin, an executive partner of Yuan He Yuan Yuan, who interviewed him, told the twenty-first Century business reporter.

Contrarian raise

Over the past year, equity investment market has generally encountered difficulties in raising funds, and Yuan Wo Yuan Yuan team also felt deeply. Compared with the yuan yuan one fund, 10 days of work completed the outstanding performance of 1 billion 500 million yuan fund raising.

Yao Hua and Meng Aimin said in an interview that they were able to successfully complete the PE fund raising, thanking investors for their trust in Yuan He Yuan Yuan team and their recognition of investment strategies and historical achievements.

According to the information disclosed by Yuan He Yuan Yuan, the investors of the Yuan Yuan II fund include state-owned enterprises, government guidance funds, professional investment institutions, listed companies, private enterprises and other institutional investors and successful entrepreneurs.

It can be found that the Suzhou listed companies such as Sega technology, Zhong Heng design and Yi Delong are all investors of the Yuan Yuan II fund.

"We are in Suzhou, the local investors and we have a lot of understanding and familiarity along the way. There are many Suzhou listed companies in the LP structure of this fund." Yao Hua told reporters.

Yuan and heavy yuan completed the counter financing in capital cold winter. The more fundamental reason is the outstanding historical achievement that the team has created for LP in the past 10 years.

According to the data provided by the fund management team, all funds of the yuan heavy management unit have completed the project investment except the No. 2 fund, and the management projects have basically been locked out of the arrangement. By the end of 2018, the weighted average annual yield of the withdrawal period exceeded 36%.

According to the focus of the PREQIN market released by the third party organization Preqin: the Greater China Innovation Economy ushers in the new opportunities for private placement ventures, the upper four position of private equity and venture capital fund net IRR in the Greater China region between 2010 and 2016 is 15%-51.9%; in the same period, the upper four quarter of net IRR in the Asian market is 20.1%-31.1%.

In view of this, the return of Yuan Yuan and Yuan Yuan is at a relatively advanced level both in the Chinese market and in the whole Asian region.

Science and technology shooting

The outstanding achievements of the yuan and Yuan Yuan not only benefited from the rapid development of the whole market in the past 10 years, but also benefited from the investment layout strategy of different periods.

Yuan and heavy yuan began to focus on the "ABCI" related new economic industries in 2017. In the past, the capital market performance of the enterprises has been listed.

It is reported that the Yuan Yuan II fund will focus on the investment opportunities of consumption upgrading and manufacturing upgrading under the wave of digitalization and intellectualization, which mainly include intelligent manufacturing, logistics travel, business intelligence, enterprise services, financial technology and other sub track.

In an interview, the reporter found that the investment strategy of yuan he yuan can basically be summed up as "three maps" and "two fundamental".

"This is our biggest achievement in the past 10 years, and it is also a magic weapon in the industry. Only by having a deep insight into the industry can we discover the opportunities that others are not aware of and see the risks that others do not realize. Yao Hua said.

Specifically, the requirements for investment managers of the heavy partners' group are the industry layout, the development blueprint and the investment map. The soul of the whole investment framework is "technology oriented, research driven".

The yuan and heavy yuan will divide the team into four five person scale industry groups, constantly accumulate contacts and accumulate industry cognition in the subdivision of the track, and form independent analysis and judgement of technology and business mode. The core goal of industry research is to invest in maps, so that teams can identify opportunities in advance and seize opportunities at the right time.

When Meng Aimin talked about the investment strategy of Yuan He Yuan Yuan, he said: "we have always been a strategy for boutique investment, and we must pay more attention to the right projects. The two projects of SF EXPRESS and the excellent interpretation of this strategy have brought us substantial returns.

Ten years of Marketization

Entering the new year's yuan and heavy yuan, China's PE industry has also gone through the entire ten years of market-oriented operation.

In June 2010, the yuan He Yuan Yuan founding team, with the support of the core management of yuan he holdings, took the first step of marketization. Yao gave up the treatment of deputy level cadres and turned it into the founder of a market-oriented investment institution.

At that time, the equity investment market had entered the era of universal PE, and the Yuan Yuan and Yuan Yuan went forward cautiously in the era of universal PE. The first fund launched by the Yuan Yuan team was the 250 million yuan de Rui Heng Feng, whose investment was mainly concentrated in the field of high-end equipment manufacturing. In 2013, it began investing in the growth projects through comprehensive funds and special funds. The comprehensive fund invested in 360 high-quality projects such as the same journey, the US group review, and the mountain stone network. The special fund threw out the star cases such as SF EXPRESS, Xu Chuang technology and UCloud.

Today, the yuan and heavy yuan will focus on the field of artificial intelligence, big data, cloud computing and the Internet of things. The team not only has the advantage of Yuan Yuan holdings, but also the synergy between projects and projects.

By the end of 2019, the total size of seven funds managed by Yuan and Yuan Yuan was about 7 billion 500 million yuan, with over 40 investment projects, of which nearly 20 projects had been completed on IPO.

It is understood that after investing in SF, yuan he has built up active reserves and layout in the upstream and downstream industries around the theme of intelligent warehousing and intelligent logistics, and took the mountain stone network as anchor point to carry out the layout of the upstream and downstream industries in the field of network security.

"10 years later, we are no longer anxious." Yao Hua said that the research driven investment strategy and mode is the way to make the yuan and yuan grow steadily and rapidly.