CICC Private Equity Investment Management Co., Ltd., and the overseas entities of Dr. Ing. h.c. F. Porsche AG, popularly known as Porsche, have established the CICC Porsche (Shanghai) Venture Capital Investment Partnership (Limited Partnership), achieving its initial closure and registration with the Asset Management Association of China.
This partnership marks Porsche’s debut collaboration with a top Chinese financial institution’s private fund management subsidiary on a global scale.
The newly formed CICC Porsche Fund has received the endorsement of the Porsche Global Board of Directors, headquartered in Germany, highlighting its strategic significance.
As an anchor investor, Porsche aims to leverage its advanced technical expertise to guide the fund in selecting investment targets and facilitating post-investment growth.
This initiative represents the first instance of CICC cooperating with a globally renowned automotive company through its private fund management arm, underscoring CICC’s commitment to expanding its international footprint.
The fund is poised to set a precedent for CICC’s collaborations with overseas industrial groups, attracting international capital and contributing to the global economic integration.
The CICC Porsche Fund will primarily focus on new energy and intelligent connected vehicles, sectors where the team has extensive involvement and expertise.
By marrying professional investment skills with a balanced approach to internationalization and regional strategies, the fund aims to achieve mutual benefits for its portfolio companies, strategic partners, and investors while promoting the growth of China’s burgeoning new energy and intelligent connected vehicle industry.
PEVCJournal.com