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言必称人民币基金,已经成了创投行业的风尚。两年来,本土机构的高歌猛进已经不是什么新闻。如今,外资管理公司也开始不满足于所谓FIVCE受歧视的外资身份,开始打起募集“纯种”人民币基金的主意。君不见黑石等私募大佬们都已坐不住,纷纷在“中国未来国际金融中心”高调成立管理公司,要抱一抱中国LP的大腿,享受一下人民币基金的“国民待遇”。团队没有距离——外资管理机构早已不再缺乏深谙本土运作之道的中国面孔,政策也不会是问题——我们绝对要相信“中国金融中心们”排除政策障碍的热情和雄心。可到哪里找大把的RMB来发挥咱多年宝贵的海外管理经验呢?老多背景深厚的产业基金现在都还等米下锅,对于外来的和尚们,人民币基金募资这本经也未必真的好念。谁是中国的LP?这是募资的首要问题。人民币基金募资市场总是小打小闹,其基本原因是中国LP尤其是机构投资人还非常少。我们要理清人民币基金募资市场,不可不将国内LP各阶层的实力及对于国内PE行业的态度,做一个大体的分析。
Words must be called RMB funds, has become a fashion venture capital industry. In the past two years, the triumph of local institutions is no big news. Today, foreign-funded management companies are also beginning to dissatisfy with the so-called foreign FIVCE discriminatory foreign ownership status and starting to raise the idea of raising “purebred” RMB funds. Do not you see Blackstone and other private equity bigwigs have been unable to sit still, have “China's future international financial center ” high-profile management company set up to hold a hug of China's LP thigh, enjoy the RMB national fund . There is no distance between teams - China's foreign-funded agencies no longer lack China's long-term understanding of local operations and policies will not be a problem - we absolutely must trust the enthusiasm and ambition of the “China's financial centers” to remove policy barriers. Where can I find a lot of RMB to play our many years of valuable overseas management experience? Many background rich industry funds are now waiting for the rice pot for foreign monks, the RMB fund-raising this may not be true Good read. Who is China's LP? This is the primary issue of fund-raising. The basic reason why the RMB fund-raising market is always scrambling is that there are still very few LPs, especially institutional investors in China. We have to sort out the RMB fund-raising market, must be the strength of all sectors of the domestic LP and the attitude of the domestic PE industry to do a general analysis.