Recently, in the private equity institutions filed by the China Foundation Association, many of them are fund managers who have raised tens of billions of dollars to work on their own. In fact, it is common for private equity companies to work alone in the circle. But today, a piece of news exploded in the private equity circle, and the two major private equity began to merge. Zhengxin Valley Capital announced on May 22 that the company would start the integration with Shanghai Runshi Private Equity in the near future. Lei Ming will join Zhengxin Valley Capital's Zhejiang Yiwu Tanzhen Investment as a partner and investment director. Shanghai Runshi Private Equity Fund was founded by Lei Ming, a well-known fund manager, after leaving the public offering in 2022.
Zhengxin Valley Capital and Shanghai Runshi merger
After rapid development, the private equity industry has now entered the stage of survival of the fittest. Since the beginning of this year, the China International Association has cancelled the qualifications of managers of more than 770 private equity firms, while few private equity firms have filed new filings. Only 15 securities private equity companies have been filed this year. In fact, in the private equity circle, not a few well-known private equity fund managers come out to file private equity alone, such as Suzhou Yanjin private equity fund filed at the end of April. Chen Suming, the real controller of the company, has been working in the Investment and Research Department of Chongyang in Shanghai from August 2012 to July 2023, from industry researcher to fund manager.
Many well-known private equity fund managers have come out to work alone, but few of the two private equity have merged. Today, a piece of news has exploded in the private offering circle. Zhengxin Valley Capital announced on May 22 that the company will start the integration with Shanghai Runshi private equity in the near future. Shanghai Runshi private equity fund was founded by well-known fund manager Lei Ming after leaving the public offering in 2022, according to data from the China International Association. Shanghai Runshi Private Equity Fund was established on August 10, 2022 and currently has a management scale of between 500m and 1 billion yuan.
It is understood that after the completion of the integration of the two private equity companies, Lei Ming will join Zhengxin Valley Capital's Zhejiang Yiwu Danzhen Investment Management Partnership (Limited Partnership) as a partner and investment director. Lei Ming will be more focused on investment and research business. Runshi's original products will continue to be fully responsible for investment management. From the perspective of Lei Ming's investment system, its core strategy is to invest in good businesses at undervalued prices, and to look for undervalued stock opportunities on the basis of meeting the minimum threshold of compound return.
Another platform type 10 billion private placement may be born.
With the continuous development of the private equity industry, there are more and more platform-based head private placement in recent years! According to the statistics of the private placement network, at present, there are a total of 17 platform-based private placements of 10 billion yuan, such as Gao Yi assets, Jinglin assets, Harmony Capital, and so on. The established 10 billion private equity star stone investment implements the "multi-fund manager team system." With the addition of Lei Ming, Zhengxin Valley Capital welcomed a former star fund manager. Lei Ming has been engaged in research work in a number of industry fields since joining the Huidianfu Fund in 2007.
According to the data, Lei Ming began to manage the public offering fund portfolio in March 2014. he served as the fund manager of Huitianfu growth focus (519068), Huitianfu Blue Chip steady (519066), Huitianfu Classic growth and other funds. He also served as the investment manager of the national social security fund portfolio, with a total management scale of nearly 30 billion. As for joining Zhengxin Valley, Lei Ming said that he had worked with the management of the company during the period of Huitengfu, accumulated a deep foundation of trust, formed a replicable investment and research system, and the merger of the two institutions. it is also in line with Zhengxin Valley's platform private placement strategy. According to the China Foundation Association, Shanghai Zhengxingu Investment currently has a management scale of more than 10 billion. Lin Lijun, the controller, was the general manager of Huitianfu Fund from May 2004 to April 2015.
Judging from the performance of Lei Ming's products managed by Huitianfu, Wind data show that Huitianfu growth focus Fund returned an annualized return of 22% from March 27, 2014 to December 31, 2021.Arcadegamesdownload.1%, with a total return of 371.5%. The other two funds he manages are a steady mix of blue chips, with an annualized return of 21.3% and a range return of 286.5% from January 6, 2015 to December 31, 2021.ArcadegamesdownloadHuitianfu Classic grew from December 5, 2018 to December 31, 2021, with an annualized return of 31.7% and a range of 128.4%.
In the view of Sun Enxiang, head of the Wealth partner Project of the platoon Network, the merger of the two major private placements, first of all, through integration, can expand the scale, enhance competitiveness, and achieve the optimal allocation of resources. Secondly, private equity can have more diversified investment strategies and asset allocation to reduce the impact of single market or asset class fluctuations on performance. Third, private placement can concentrate more professionals and resources, improve the strength of investment and research and the level of corporate governance, and contribute to the more professional and refined operation of private equity. Fourth, private equity firms can provide more comprehensive services, enhance their brand influence, and make use of the overall brand effect after the merger to attract more investors.
