DeHeng Advised Beijing Science & Technology Innovation Fund

on Investing in Cash Capital's RMB Growth Phase III Fund

2020-11-06

Recently, Cash Capital Fund announced that it has hit the target of raising RMB 1.5 billion for the phase-3 growth fund. The investors included Beijing Science & Technology Innovation Fund, Chinese Academy of Sciences Holdings Limited, Taikang Asset, Century Golden Resources Group, Daxing Guidance Fund, Hisen Holding, etc.

With the approval of Beijing Municipal Party Committee and Municipal Government, Beijing Science & Technology Innovation Fund was co-funded by ZGC Group, Beijing Science and Technology Innovation Group, Beijing State-owned Capital Operation and Management Center, and Beijing E-Town International Investment & Development Co., Ltd. Beijing Municipal Science & Technology Commission, commissioned by the municipal government, overseas its operations and development. 

Cash Capital Fund, established in 2011, is an equity investment fund manager co-initiated by Chinese Academy of Sciences Holdings as the cornerstone investor and several large enterprise groups in China. It is a first-tier enterprise directly under the CAS Holdings. It has invested in nearly a hundred companies in such fields as IoT intelligent manufacturing, mobile Internet and services, big data, cloud computing & artificial intelligence, financial technology, security, medical services, medical equipment and pharmaceuticals.

As the legal counsel of Beijing Science & Technology Innovation Fund, the DeHeng team, led by partner Hou Zhiwei and with primary support from lawyers Zhang Yan, Hu Xueyuan, Xianyu Jiashan, provided whole-process comprehensive legal support for the client, including due diligence, business negotiations, and transaction document signing and delivery.