Chen Gongmeng, president of the China Venture Capital Research Institute, revealed at the 2010 International LP & GP Cooperation Pudong Summit on the 15th that the China Venture Capital Research Institute plans to establish a RMB 10 billion parent fund (FOF) in 2011, tentatively named "Faculty" No. 1 Mother Fund.

Chen Gongmeng said that the fund is currently in the preparation stage and is expected to be officially launched next year. It plans to use ten years to make the fund scale reach 100 billion yuan in 2020.

Regarding the source of fund funds, Chen Gongmeng said that the funds from the government and overseas will each account for 20% of the total proportion, and 60% of the fund will be composed of private capital. "China has ample private capital, and the time to develop FOF in China is relatively mature." Chen Gongmeng said that through the professional operation of FOF, it can bring safe and stable returns to private capital and change the long-term "liquidity" of private capital. Great situation.

According to reports, the duration of the "Intermediate Court" No. 1 fund is the "8 years + 1 year" model, and the management fee rate is positioned at 0.5%; the duration of the invested sub-fund is "6 years + 1 year" or "5 years + 2 years" "Mode. The fund will provide sub-funds with value-added services from various aspects such as macroeconomic situation analysis and investment project selection.

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