One of China’s biggest stationary manufactures Shenzhen Comix Stationery Co.,Ltd. is planning to establish an industry fund with Chinese alternative investment firm Shenzhen Rongtong Capital Management Co.,Ltd. and Beijing-based He Jun Consulting Co. Ltd., according to an official announcement made by Comix.
The fund is named "Comix & He Jun Industry Fund," with total fundraising target of RMB500 million (US$80 million).
Comix Stationery is committing RMB80 million (US$12.8 million), Shenzhen Rongtong Capital Management is committing RMB400 million (US$64 million) as Limited Partners of the fund. He Jun Consulting is committing RMB20 million (US$3.2 million) as General Partner of the fund.
The fund will focus on industries in stationery, IT, and business services sectors. It will acquire assets and hope to grow the businesses via merge and acquisitions. It will also offer early stage funding for companies in related sectors.
He Jun Consulting Co. Ltd. was founded in 2000. Its subsidiary, He Jun Capital has over RMB5 billion under management.
Founded in 2013, Shenzhen Rongtong Capital has registered capital of RMB20 million. It has branch offices in Shanghai and Beijing.