On September 9, 2020, "2020 China FoF Summit" was held in Beijing, organized by Venture Capital Profession Commission of Science and Technology Financial Promotion Association of China and FoF Alliance, with strategic support from the financial sector and co-organized by China Bridge FOFs Research Institute. As the first large-scale offline conference held by the Chinese investment industry in Beijing this year, the event brought together a large number of FoFs institutions and investors. The summit announced the list of outstanding LPs and GPs in China for 2020.

V Fund was listed on the 2020 China Investment Institutions Top 100 Soft Power GPs and Top 10 Exit Power

In 2020, amidst the profound changes unseen in a century, China's equity investment industry has seen the most difficult and promising year. Some people say that the A-share IPO is in full swing, and the ChiNext registration system reform has landed, so it is a good time for the development of venture capital. Indeed, this has been a year of great amounts of exits. Investors who were troubled by the difficulty of exits six months ago may not have imagined that an unprecedented IPO wave was about to be ushered in.

V Fund has demonstrated superb exit strength in past opportunities and achieved excellent returns for LPs. Since its inception, V Fund has invested in 26 projects, and all portfolio companies are operating well and growing rapidly; as of July 2020, V Fund has bid for a total of 7 listed companies, and a total of 15 companies are expected to be listed on the Main Board, STARMarket, US and Hong Kong stock market in the coming year. V Fund's exit returns are excellent. The first phase of the fund was established in early 2016, with its DPI over 1x and overall IRR nearly 30%, and the investment projects are all leading companies in the niche sector.

With the industry's recognition, V Fund will continue to focus on the industrial technology vertical field in the future, and strive to become a capital link for China's industrial transformation and upgrading, accompanying the growth of outstanding enterprises in the industry. Over time, V Fund will continue to grow and improve through development, contributing to the promotion of technological innovation.

The 2020 China FoF Summit

Mr. Tang Jingcao, Secretary General of the China FoF Alliance, said that the 2020 China  FoF Summit is a public interest forum, so the list of commendations is intended to be as fair and impartial as possible. Based on the data support and research analysis provided by China Bridge FOFs Research Institute, the awards will be made on the basis of the scores of various types of FoFs to motivate practitioners to work together to promote the better development of the private equity industry.

V Fund is a leading private equity fund manager in China, focusing on the industrial technology sector since its inception in 2015, including smart manufacturing, 5G, semiconductor and industrial connectivity opportunities. V Fund's mission is to create value for both investors and portfolio companies and to be one of the most respected private equity managers in China.