CreditEase Wealth Management Private Equity FoF Awarded One of China’s Top 20 LPs
Beijing, December 9, 2016 - CreditEase Wealth Management Private Equity FoF was awarded “2016 China’s Top 20 Private Equity LPs” at the 16th China Venture Capital & Private Equity Forum (CVCF), which was jointly organized by Zero2IPO Group and PEdialy.cn in Beijing from December 6 to 8, 2016.
This award is a solid testament to CreditEase Wealth Management’s excellent investment management capabilities and strong industry reputation. Along with CreditEase Wealth Management, prominent investment corporations such as National Social Security Fund, China Development Bank Capital and Oriza Holdings were also named.
The China Venture Capital & Private Equity Annual Ranking released at the forum is widely recognized as one of the most authoritative of its kind. The 2016 lists are based on thorough surveys and data analysis on more than 1000 investment companies and intermediary agencies, which took Zero2IPO several months to complete.
The ranking covers various investment stages and ten industrial segments, namely Internet/mobile Internet, healthcare, finance, intelligent manufacturing, consumption/living, culture/sports/recreational activities and big data. The findings illustrate that the PE/VC industry in China are still dominated by major players, while younger companies have become an emerging force.
28 partnering companies of CreditEase Wealth Management FoF won 65 prizes. The winners include IDG Capital, Zhen Fund, Matrix Partners China, Legend Capital, Banyan Capital, Freesfund, Qiming Venture Partners, Highlight Capital, Shunwei Capital, Joy Capital, GTJA Investment, Unity Ventures, Leading Capital, Co-Stone Capital, GGV Capital, KPCB, Gobi Partners, China Growth Capital, Morningside Venture Capital, Lilly Asia Ventures, Greenwoods Investment, Bioventure, Eco Fund, Chenhui Venture Partners, FutureCap, Eastern Bell Venture Capital, Delta Capital and NewMargin Capital. Meanwhile, Xiong Xiaoge, IDG Capital’s founding partner was honored “2016 China’s Best VC Investor”.
Ms. Junxia “Cally” Liao, managing partner of CreditEase VC/PE FoF, attended the event and chaired the panel discussion titled “Investment Strategy: the relationship between LPs and GPs”. Ms Liao and the panelists had a very in-depth discussion where she also shared with the audience the key points and logics when doing due diligence on GPs from the perspective of a popular and stable institutional LPs.
During the forum, many prestigious investors indicated that the described current state of China’s private equity market as “freezing winter” may not be so accurate. According to Zero2IPO’s statistics, the domestic PE market has been active so far this year: 2,191 new private equity funds have been launched in the first 11 months with over RMB 1.15 trillion in total value; 7,859 deals have been closed with a total investment of RMB 668.3 billion. By 2020, it’s expected that the fund managed by private equity firms will exceed RMB 10 trillion, under the new normal of the Chinese economy driven by innovation, entrepreneurship and venture capital investment.
About CreditEase Wealth Management
The wealth management arm of CreditEase focuses on comprehensive global asset allocation services for high-net-worth individuals and new middle class in China, offering a wide range of services and products available in multiple currencies for onshore and offshore investments in the areas of fixed income, private equity, capital markets, hedge funds, real estate, insurance, as well as investment immigration and international education. CreditEase Wealth Management is committed to providing high-quality assets in line with customer needs and expectations, as well as formulating comprehensive plans for wealth preservation and growth.
CreditEase is a leading FinTech company in China, specializing in small business and consumer lending as well as wealth management for high net worth and mass affluent investors. It is a Standing Committee member of China’s Internet Finance Industry Association and Chairman of Beijing Marketplace Lending Association. Its majority owned subsidiary Yirendai (NYSE: YRD), an online consumer finance marketplace, is listed on the New York Stock Exchange.