BEIJING, Sept. 25 /Xinhua-PRNewswire/ -- Sunday evening, September 21, 2008 -- a ceremonial banquet was held in Hong Kong to celebrate the founding of the Limited Partners Association of China (LPACN), which aims to promote communications among Chinese LPs and international LPs. As the first LP association dedicated to the Chinese venture capital and private equity industry, LPACN's establishment marks a milestone in the history of China's LP industry.
The last decade saw a rapid development of venture capital and private equity in China, leading to a proliferation of successful new enterprises. Today, China has already established itself as one of the most dynamic and attractive investment markets in the world. LPs, as the institutional investors of private equity and venture capital firms, have played a very important role in the country's recent development in new economy. Owing to a continued growth of private equity and venture capital investment in China, the burgeoning LP market has also been gradually established. It is predicted that, in a few years to come, significant progress will be made in terms of the development of China's native LP market. As a result, Chinese institutional investors, including social security funds, will acquire an increasingly important presence in the LP market, and China's private equity investment industry will be integrated, more closely, into the global capital market.
LPACN is the first association for LPs in China. Its founders include Vincent Huang, Partner of Pantheon Ventures, Gavin Ni, Founder, CEO & President of Zero2IPO Group, Piau Voon Wang, Partner of Adams Street Partners, and Jason Zhang, Managing Director of Morgan Creek Capital. LPACN commits itself to maintaining the interests of LPs in China, promoting the understanding and cooperation between Chinese and international institutional investors through research, forums and exchange programs, and facilitating a healthy and sustainable development for the Chinese venture capital and private equity industry.
Present at the banquet were representatives of over 20 leading LP institutions from all around the world. The combined capital under their management is in excess of US$100 billion. These institutions have invested in nearly 50 leading Chinese venture capital and private equity firms. They are the major capital source behind the development of venture capital and private equity in China.
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Founded in 1999, Zero2IPO is a leading integrated service provider in the China venture capital and private equity industry. Over the past eight years, Zero2IPO has become an unbeatable dealflow and networking source in China. Zero2IPO's mission is to be the preferred service provider to businesses in the venture capital and private equity industry by offering an unparalleled knowledge and expertise to our clients and partners. To ensure this, Zero2IPO provides a broad and deep array of services enabling entrepreneurs and investors to reach the next level of success.
Zero2IPO Group is headquartered in Beijing with offices in Shanghai, Shenzhen, Hong Kong, and Silicon Valley.
For more information, please visit http://www.zero2ipo.com.hk .
