Introduction

Amid the rising of new economy in China, Everbright New Economy USD Fund (New Economy Fund) was founded in 2018 as an effort to explore businesses with prominence in innovation and entrepreneurship and empower them with its robust financial, global and industrial resources. Working on supports from technological, industrial and capital sectors, New Economy Fund makes industrial leaders out of these emerging businesses, so to create long-term value for investors. New Economy Fund started from an inaugural fund scaling USD 483 million, with its investors ranging from world class investment institutions as well as capital management firms.

Investment Strategies

Today, China remains the engine of world economy, with new economy for the nuclear drive to sustain its fully dynamic growth. Set in such a background, Everbright New Economy USD Fund has been founded in the belief that huge opportunities shall be awaken for the investors when traditional industries are fueled by new generations of AI technologies, and for the aspiration to embrace the dawn of a smartened new economy era relying on its work with global capital and entrepreneurs boasting strategically innovative wisdom.

Everbright New Economy USD Fund focuses its investments on technology sectors, and business mode promising industrial upgrades driven by technological advances, inclusive of AI and networking, and new generation of commerce in consumption, travel and cultural industries revolutionized by smart technologies. The New Economy Fund stays its investments in Chinese and global businesses exhibiting China-market insights in their developing stage. 

Advantages

With over a dozen years of experiences in PE investing, The New Economy Fund as a team has been among the most active on Chinese markets, with proven capacity, and market-honored results, in the acquisition of nationally top-grade new economy projects. With technological sector for its priority of investment, and highlight of management, the team started on a smart managerial platform, facilitating intelligent fund management with AI aids. Relying on a dynamic and productive post-management and value-addition system, performance of investment is optimized with technological results, The New Economy Fund shares great returns of smartened investments with invested firms.

In the past 3 years, the AUM of the reached approximately RMB 30 billion comprising investments in up to 70 projects, being the leading investor in half of said. Among the companies that The New Economy Fund has been invested in, 20 have grown into unicorns, and 10 completed IPO or M & A, accomplishing outstanding exit results. 

Strength of Investment in New Economy Sector

  • The New Economy Fund covers a full-range of projects, and access to most promising new economic businesses in China. In the past 3 years, it has closed investments in 30% of first-tier projects on market. The team is profoundly experienced, cooperative, and dynamic.
  • Well-developed and well-rounded competency in full-phase, multi-model and cross-border investments.

Proven Track Record

  • Boasting prominent exit performance in 10 years. Keeping updated with businesses, investment institutions and capital markets, Everbright New Economy Fund underpinned by excelling shareholders and international capital management, and harvests striking returns in assisting the businesses in financing, M & A and listing on the capital markets.
  • Among the investment portfolio in the past 3 years, 20 businesses have risen to be unicorns in new economy, and 10 have closed IPO or M&A. The team has taken a real grip of China’s promising new economy.

Innovative Smartized Fund Management System

  • Smartened fund management platform guaranteed organizational management, reduced fund managerial costs, and integration with post-investment management and value-addition services, rewarding overall operational performance far above the average. 
  • Full smartization of investment flow, project management, resources coordination and team management, setting Everbright New Economy Fund a model among smartized funds in the new economy. 

Active & Productive Post-Investment Management & Value-Addition Services

  • A dream team for post-investment management ensuring exceptional results on insightful and productive management and resourcing. 
  • Relying on core competitive edge in value-adding services, and backed by Everbright’s robust resources as well as executive capacity of its fund management, The New Economy Fund has been serving invested businesses with full-line services in capital market operation, industrial resources, international business, public relationship and human resources.

Professional Investment Team Boasting Diverse Expertise

  • Under leadership of most experienced partners and management from Everbright, the Fund team shared over a dozen years of successful working for a list of RMB fund and USD funds.
  • Investing members come from diverse backgrounds, ranging from investment bank, security trade trading, Internet, audit, law, business companies to investment institutions.
  • Each member on the team excels in certain specialized fields, and maintains in-depth researches over specific lines of industry, for far-sighted investment arrangements. 
  • Gerry Jin

    Managing Director, Head of New Economy Fund Department

    Gerry JIN is the Managing Director and Head of the New Economy Fund Department at China Everbright, focusing on new economy equity investments and cross-border deals. With over 16 years of investment experience, he has led transactions totaling more than RMB 30 billion. He established the China Everbright New Economy Fund Department and currently manages the department's 10 funds.

    Mr. Jin has outstanding experience in technology innovation investments, industry consolidation, large-scale mergers and acquisitions, cross-border transactions, and the governance of listed companies both domestically and internationally. He possesses a particularly strong track record in new technology and new energy sectors. His key investments include SenseTime (0020.HK), NIO (NYSE: NIO), XPeng (Nasdaq: XPEV), 4Paradigm (6682.HK), Circle (NYSE: CRCL), QiAnXin (688561.SH), Terminus, CiDi, Yunji Technology(2670.HK), UMS, Mashang Consumer Finance, Chunmi Technology, iQiyi (Nasdaq: IQ), Cloud Music (9899.HK), Sanrenxing (605168.SH), HC SemiTek (300323.SZ), and MLS (002745.SZ), etc.

    Prior to joining China Everbright, Mr. Jin served as Vice President and Board Secretary at Peking University Resources Group Holdings Ltd. (0618.HK) and held the position of Investment Director at Peking University Founder Group, where he led several major acquisitions, restructurings, and strategic M&A transactions. Before that, he worked at CITIC Private Equity Funds Management Co., Ltd.

    Mr. Jin participated in the Advanced Leadership Program at the Yale School of Management. He holds a Master of Business Administration from the University of Pittsburgh.

New Economy USD Fund

Tel (86 10) 8800 9000
Fax (86 10) 8800 9377
Email info@everbright.com
Postcode 100034
Address 1600 16F, China Overseas Global Centre, 28 Ping’an Li West Street, Xicheng, Beijing, P.R.C