Kunwu Jiuding Capital Co., Ltd (hereinafter called "Jiuding Capital") recently launched the first private equity investment fund targeting pharmaceutical industry in China - Kunwu Jiuding Pharmaceutical Investment Management Co., Ltd. (hereinafter called "Jiuding Pharmaceutical\').
The expected scale of Fund I is RMB500M, and the committed capital has exceeded RMB1B. The major LPs include private enterprises, including real estate and energy enterprises. The Fund will mainly target such industry segments as pharmaceuticals, medical care, logistics and chain drug stores, etc. Yu Bo, an authority in Chinese pharmaceutical industry, will assume the position of general manager of the Fund.
Jiuding Capital is an uprising PE fund management company, and Gifore Agricultural Machinery (300022.sz) and Geeya Technology backed by the company have been listed on the ChiNext on Oct. 30. The latter registered the biggest increase on the first day of trading, while the former has seen the best performance since listing.
