On February 18, 2021, Coller Investment Management Limited, specialized in secondary private equity, established a private fund manager Coller Private Fund Management Co., Ltd (Beijing) in Chaoyang district, Beijing. Founded in 1990 and headquartered in London, Coller Investment Management Limited, which once set up the first secondary fund in Europe, is a well-known company in the world's PE secondary market. As the first foreign-invested secondary fund manager in Beijing, Coller Private Fund Management Co., Ltd (Beijing) will promote the diversification of institutional investors in the capital market, increase Beijing's global influence in the PE fund industry, open up the capital market wider and more extensively, and favorably advance the pilot project for the share transfer of equity investment and venture capital.
Relevant Policy
Extended Reading
On December 10, 2020, China Securities Regulatory Commission, in an effort to expand the exit channels of private equity capital, approved the launch of the pilot project for the share transfer of equity investment and venture capital in Beijing. The pilot project, as a priority task for the building of "Two Zones", namely, the Integrated National Demonstration Zone for Opening up the Services Sector and China (Beijing) Pilot Free Trade Zone, will mitigate the risk of and provide an exit channel for PE funds. As a major buyer on the secondary market, Secondary Fund (hereinafter referred to as S Fund) mainly purchases shares or equity from PE investment fund, and the development of S Fund will optimize the exit ecosystem of PE funds in Beijing. In the future, Beijing Local Financial Supervision and Administration will give full play to the capital's location and resource advantages to implement the policies involving the building of the "Two Zones" and strengthen the financial support and service for the development of more S funds in Beijing, thus to further open up the financial services sector at a higher level.