Recently, CR Capital and COFCO Capital have formed a joint venture, Liang Hua Investment Management Nanjing Co., Ltd. and plan to set up a new Consumption Industry Fund together with Nanjing City and Nanjing National Agricultural High-Tech Industry Demonstration Zone, and have now signed a Limited Partnership Agreement (LPA) for Fund.
This new consumption fund has a total fund raising size of RMB 2 billion and invests mainly in growth and maturity stage projects of modern agriculture and food, food technology, and consumer services.
The signing of the Fund is a model of cooperation between central enterprises, which will form a good situation that central enterprises and local governments jointly promote the transformation and upgrading of the industry.
CR Group and COFCO Group are both central enterprises that are deeply involved in the field of people's livelihood. With a long history and a solid industrial foundation, Nanjing is a model of urban development. Nanjing National Agricultural High-Tech Industry Demonstration Zone is currently the first batch of national agricultural high tech zones in China and the only one in the Yangtze River Delta region. The parties strongly rely on their respective advantageous resources, give full play to industrial guidance, focus on scientific and technological innovation, food industry upgrading and consumer structure upgrading, explore and cultivate high-quality projects, provide valuable value-added services, and lead the high-quality development of the industry.
Together with COFCO Capital, CR Capital will uphold the concept of long-termism and value investment, take industrial cognitive ability and post-investment management ability as core competencies, rely on scientific and efficient decision-making system and market-oriented excellent investment team to build a first-tier GP institution for domestic food consumption track, devote to creating good returns for shareholders, help accelerate the development of Nanjing National Agricultural High-tech Zone, and provide strong support for the development of the main business of CR Group and COFCO.
