Hangzhou deepens state capital stack with $3 billion new fund cluster
The rollout of the four new funds came on the heels of two smaller vehicles unveiled on May 15, sized at 1 billion yuan and 500 million yuan, respectively.
Tag: patient capital
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Hangzhou expands govt-backed industry fund network to $45 billion
By the end of 2025, the three funds had approved investments into 392 sub-funds and 4,614 projects, with total committed capital reaching 143.3 billion yuan.
Zhejiang to tap secondary, M&A funds to build ‘patient capital’ hub, governor says
His comments align with heated discussions among policymakers and investors about nurturing long-term capital capable of accompanying tech companies through extended growth cycles.
Zhejiang venture capital ecosystem vows support for ‘patient capital’ in signed declaration
By emphasizing long-term, “patient” investments, the initiative aims to support high-tech startups through every stage of their development — from initial research to full-scale industrialization.
Zhejiang ramps up venture capital push to build ‘patient capital’ hub
Hangzhou’s Runmiao Fund, with an initial size of 2 billion yuan ($290 million) and a 20-year lifespan, focuses on providing first-round financing for early-stage technology firms.