After providing legal services for the establishment of the National Manufacturing Transformation and Upgrading Fund Co., Ltd. (the "Transformation and Upgrading Fund") in 2019, JunHe recently assisted the company in completing its investment in multiple sub-funds.
The Transformation and Upgrading Fund is a large national investment fund set up by the Ministry of Finance with raised capital of CNY 147.2 billion. Its investors include government-guided funds, large state-owned and private enterprises, listed companies and insurance investors. Focusing on key areas of transformation and upgrading in the manufacturing sector and high-quality development, the Transformation and Upgrading Fund will invest in enterprises at the growth or maturity stage in fields such as new materials, information technology and power equipment.
Acting as legal counsel for the Transformation and Upgrading Fund, JunHe assisted the company in initiating the establishment of CDB, Jinshi, SCGC and other specific investment vehicles, and in investing in the sub-funds of companies such as Sinopec, Hangfa and Heron Island. JunHe designed the fund structure, assisted in due diligence and drafted and revised the full set of legal documents for the establishment of the funds. JunHe’s team assisted the company in negotiating with sub-fund managers and other investors, and assisted in the closing of transactions in respect of the establishment of the funds. With its vast experience in the field of private equity funds, particularly government investment funds, the project team fully understood the company’s risk preferences and commercial demands, and provided innovative and forward-looking advice on the selection and demonstration of the fund structure. JunHe provided advice on the implementation of the fund investment strategy, and established a risk control system. JunHe's professionalism, rigorousness, pragmatism and efficiency were greatly appreciated by the client.