Days ago, Shenzhen Fortune Venture Capital Co., Ltd. (Shenzhen Fortune) said the firm will launch a limited partnership fund in the middle or late May to conduct VC investment in the context that China will launch its Growth Enterprises Market. The duration of the fund is expected to last 6-8 years.

To adopt a limited partnership mode, the fund is managed by the core management of Shenzhen Fortune (GP); the LPs will be qualified investors both at home and abroad. The Fund scale is at least RMB500M and will be raised in different phases; the number of LPs is less than 50. Each LP should commit at least RMB4M. Several enterprises, including domestically listed companies, were confirmed as LPs to contribute about RMB200M.

Shenzhen Fortune was listed among "Top 50 China Venture Capital Funds" for seven consecutive years from 2001 to 2007, by Zero2IPO Group. It mainly invests in DTV, modern agriculture, consumables, new materials, energy-saving, environmental protection sectors.