On 21 September 2026, SF Holding Co., Ltd. (SF Holding) disclosed that its wholly owned subsidiary, Shenzhen SF Investment Co., Ltd., has entered into the Partnership Agreement of Hangzhou Chuangyi Future Equity Investment Partnership (Limited Partnership), committing RMB 100.00 million (approximately 2.69 % of current commitments) as a limited partner.
The newly established fund—managed by licensed private-equity firm Shanghai Jingzhuo Investment Management Co., Ltd.—targets growth-stage companies in China’s “pan-hard technology” space, with selective exposure to earlier-stage, high-growth ventures. Including parallel investment vehicles, the fund’s target size is capped at RMB 7.00 billion. To date, aggregate commitments stand at RMB 3.72 billion across 20 partners, led by RMB 1.00 billion from Hangzhou Future Industry Equity Investment Partnership and RMB 600.00 million from the general partner, Hangzhou Chuangsheng Enterprise Management Partnership.
Key terms highlight an initial eight-year tenor with the first four years designated for investment deployment, subject to extension by partner consent. Distributions follow a two-tier waterfall: full return of capital to each limited partner, followed by an 80 %/20 % profit split between limited partners and the general partner.
SF Holding’s investment falls within management’s approval authority and is neither a connected transaction nor a major asset restructuring under Shenzhen Stock Exchange rules. Funding will be provided entirely from SF Investment’s own resources, and the parent company expects no material impact on its near-term financial position or results.
Management notes typical private-equity risks—including market volatility, policy changes, and portfolio execution—that could affect returns. SF Holding will monitor the fund’s investment progress and comply with ongoing disclosure requirements.
Comments