VC Funds:
Feng Yun Zhe Shang VC Fund(FYZS Fund)–FYZS umbrella Fund, with a total commitment of RMB 500 million split into 10sub-funds,features a tightcooperationwith the media-reported most prominent businessmenin Zhejiang Province of China.Each sub-fund featuresjoint management with one of their enterprises.
The fund will focus onTMT, healthcare, consumer goods, and other rising industries.Up to the present, six sub-funds including ZhongnanTunlan, HualiTunlan, ZhidiTunlan, HuadingTunlan, and YurenTunlan have been raised. Among the 60 funded projects,about 30% of all projects alreadystartedtheir initial public offering process, and over 80% have raised a second round.
The remaining four funds are expected to be launchedin 2016.