According to incomplete statistics based on public data, three new private equity and venture capital fund managers were registered in March 2026, representing a significant year-on-year decrease of 84.2% and a month-on-month decrease of 40.0%. A total of 682 new funds were registered, comprising 165 private equity investment funds and 517 venture capital funds. This figure reflects a substantial year-on-year increase of 94.3% compared to the same period in 2025 and a 29.2% growth from February.
Both investment activity and deal value reached recent highs. There were 798 investment events recorded domestically in March, a 45.1% increase from the previous month and a significant 69.4% rise year-on-year. The total disclosed investment amount reached 69.446 billion yuan, up 30.6% month-on-month and achieving a remarkable 134.8% year-on-year growth, effectively doubling.
This month's focus is on three highly active institutions in the market, analyzing their investment pace, stage preferences, sector focus, and portfolio companies.
A 1 billion yuan software and information fund has been established, with forty percent of its capital allocated to the advanced manufacturing sector. Based on information disclosed by the Asset Management Association of China, Tianyancha, and official websites, Yida Capital is an management institution under Jiangsu High-tech Investment Group, which was established with capital from the Jiangsu Provincial People's Government. It currently manages assets exceeding 120 billion yuan. Its investment stages cover angel, startup, growth, and mature phases, with sectors including clean technology, healthcare, new materials, advanced manufacturing, consumer services, cultural industries, and TMT.
As of March 2026, Yida Capital had six newly registered funds with a total registered capital commitment of 6.683 billion yuan. Among these, the Nanjing Gaotou Yida Strategic New Soft Information Equity Investment Fund Partnership has a size of 1 billion yuan. Its investors include the Jiangsu Nanjing Software and Information Services Industry Special Mother Fund, the Nanjing Jiangbei New Area High-Quality Development Industrial Mother Fund, Jiangsu High-tech Investment Group, Nanjing Innovation Investment Group, and the Nanjing Qinhuai Industrial Guidance Fund. The fund will primarily invest in early and growth-stage enterprises within the software and information industry in the Nanjing region, focusing on underlying hardware, basic software, industrial software, application software, open-source software platforms, artificial intelligence, the metaverse, big data, cloud computing, 6G/F6G, and satellite communications.
During the statistical period, Yida Capital publicly disclosed 16 equity investment events, a 166.7% increase compared to the same period in 2025 and a 128.6% rise from February. Historical data indicates that Yida Capital has maintained a relatively stable investment frequency over the past year, with monthly investment counts typically fluctuating between 5 and 12. The "explosive" growth in March set a new record for the highest number of investments in a single month, highlighting a strategic concentrated effort.
From an investment stage perspective, growth-stage projects participated in by Yida Capital dominated, with Series B companies accounting for half of the total. This indicates that its core strategy is to support companies that have moved beyond the startup phase, have preliminary validation of their business models, and are in a stage of rapid expansion and scaling. The combined number of Pre-A round, seed round, and angel round events accounted for a quarter of the total, showing that Yida Capital has not entirely abandoned early-stage positioning but focuses its main efforts on growth-stage projects with clear potential, forming a gradient layout of "early-stage + growth-stage."
In terms of sector distribution, nearly forty percent of Yida Capital's investments were concentrated in advanced manufacturing, half of which were in integrated circuit projects. Investments also covered high-barrier, strongly interconnected sub-sectors with clear growth prospects, such as communications manufacturing, sensor equipment, and aerospace. The new materials sector, closely related to the advanced manufacturing industry chain, accounted for approximately 18.8% of the invested companies, aligning with the national "manufacturing upgrade" strategy. Although investments in artificial intelligence and quantum technology represented a relatively smaller proportion, they demonstrate the institution's forward-looking布局 in cutting-edge technologies.
Regarding geographical distribution, as a local institution in Jiangsu, Yida Capital possesses inherent advantages in industrial clusters, corporate resources, and policy environment within the province. Adhering to a "deep cultivation of the local market" strategy this month, approximately 37.5% of the invested projects were registered in Jiangsu. Beyond core economic regions like the Guangdong-Hong Kong-Macao Greater Bay Area, the Yangtze River Delta, and the Beijing-Tianjin-Hebei region, the institution also extended its reach to southwestern China. Rongyao Electronics, an electronic component packaging manufacturer based in Chongqing, received an investment of tens of millions of yuan.
Re-investing in Yanwei Semiconductor to Accelerate Domestic Breakthroughs Yanwei Semiconductor, a developer of high-end semiconductor thin-film deposition equipment, recently completed its Series A financing round, raising nearly 700 million yuan. New investors include Shixi Capital, Jinshi Investment, Gaoling Capital, Anxin Capital, Fengyuan Capital, Xinchen Capital, Zhongzheng Investment, Taida Keto, Jinyuan Capital, Hefei Industrial Investment, Dianshi Capital, and Yongxin Fangzhou. Existing shareholders such as Hushan Capital, Xianghe Capital, Yida Capital, Xinke Capital, and Chunhua Capital continued to increase their investments.
Founded in 2022, Yanwei Semiconductor specializes in the research and development, production, and sales of high-end semiconductor thin-film deposition equipment. It precisely targets core processes in chip manufacturing, with a focus on high-end ALD, PECVD, and specialized epitaxial equipment. Its products cover logic chips, memory chips, advanced packaging, power devices, and RF components, forming a comprehensive product matrix and integrating the entire chain from R&D and process verification to mass production delivery.
Comments