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Ivy Capital announced last week that RMB-denominated PE Fund Ⅱits initiated had been established. The new fund will focus on energy storage & battery technology sectors as well as the investing opportunities in healthcare sector due to the upgraded consuming ability of Chinese people and the new policies on health reforms.
Since the beginning of 2008 when it managed a USD-denominated Fund, i.e. "Pinpoint China Direct Investment Fund", Ivy Capital has successively launched and managed two RMB-denominated PE funds, i.e. "Tianjin Ivy Investment Management Center (Limited Partner)" and "Ivy (Shanghai) Investment Management Center (Limited Partner)". To date, the firm has invested in 16 companies in China with a total IRR (internal rate of return) of 634%, and the average return on investment concerning the four exit projects is over 8 times.
By investment sectors, Ivy Capital mainly targets clean-tech, enterprise services, modern agriculture and TMT. Presently, it keeps close eyes on the investing opportunities in energy storage & battery technology, healthcare (thanks to the upgraded consuming ability of Chinese people and the new policies on health reforms), breeding, animal vaccine, irrigation technology and green agriculture, as well as 3G, wireless Internet and tri-networks integration.
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