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Taihang Industrial Fund operates as a strategic investment vehicle, deploying capital into crucial industrial sectors. It targets high-end equipment manufacturing, new materials, and biomedicine, including the automotive parts supply chain. The fund backs enterprises driving regional industrial upgrading and technological advancement, fostering innovation.
Established by the Shanxi Provincial Government, Taihang Industrial Fund arose from a strategic insight: leveraging state-backed capital for focused industrial development. While specific fund vintages vary, the broader initiative began around 2019. Provincial economic planners founded it to stimulate local diversification and bolster industrial capabilities.
The fund primarily serves companies within its target sectors, from emerging to established firms. Taihang Industrial Fund aims to catalyze a robust industrial ecosystem in Shanxi, aligning investments with regional economic priorities. Its long-term vision is to be a pivotal financial engine for sustainable industrial growth and technological self-reliance.
Taihang Industrial Fund has 2 tracked investments across 2 companies. The latest tracked deal is $210.1M Series B in Qiyuan Core Power Technology in January 2024.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Jan 3, 2024 | Qiyuan Core Power Technology | $210.1M Series B | — | Gree Ventures, National Green Development Fund, Shangxian Fund, Yingfeng Group |
| Mar 9, 2019 | WM Motor | $449.4M Other Equity | Baidu | Linear Capital |