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§ Venture Capital · Nanjing, China
Nanjing Jiangbei New Area State-owned Asset Management functions as a core state-owned enterprise, overseeing strategic investment, development, and asset management within its namesake area. This entity executes major urban infrastructure projects, including roads and utilities, deploying state capital to drive regional growth and economic vitality. It leverages its broad portfolio to ensure comprehensive urban development.
Founded in 2014, the Group emerged as the primary government-backed investment and financing vehicle for the national-level Jiangbei New Area. Its establishment recognized the crucial need for a centralized body to coordinate urban construction and efficient asset utilization, providing a critical framework for district development. This strategic inception enabled focused resource allocation for rapid growth.
The Group primarily supports local government and stakeholders driving the Jiangbei New Area's economic and urban growth. Managing public assets and leading key projects, it underpins expansion. Its long-term vision aims to transform the New Area into a leading economic and technological hub via strategic asset management for sustained prosperity and advanced urban functionality.
Nanjing Jiangbei New Area State-owned Asset Management has 1 tracked investment across 1 company. The latest tracked deal is $73.9M Series C in IASO Biotherapeutics in January 2023.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Jan 18, 2023 | IASO Biotherapeutics | $73.9M Series C | — | Efung Capital, Hongcheng Investment, Housen Care Brothers, Shanghai Guoxin Investment & Development, Shanghai Waigaoqiao Free Trade Zone Group |