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【Introduction】The private equity fund under Rancho, the former fund manager of Boshi Fund, has been registered

China Fund News reporter Wu Jun

Another fund manager has joined the private equity industry.

Mingcheng Private Equity Completes Private Equity Manager Registration

The general manager is the former fund manager of Boshi Fund

Recently, the website of the Asset Management Association of China (hereinafter referred to as the Association) released a list of private equity fund managers that have just completed filing and registration.Shenzhen Mingcheng Private Equity Securities Fund Management Co., Ltd. (hereinafter referred to as Mingcheng Private Equity)of private placements,The actual controller and general manager is Rancho, the former fund manager of Boshi FundHe has more than ten years of investment research experience. He left the public offering in the second half of 2022, and the private equity fund he founded has now been registered.

According to the information on the association's website, Mingcheng Private Equity was established on April 18, 2023, and completed the registration of private equity managers on August 12, 2024. The institution type is a private securities investment fund manager.The company has 6 full-time employees。

It is worth noting that the registered capital of Mingcheng Private Equity is RMB 10 million. The main investor is Rancho, the former fund manager of Bosera Fund, with a subscribed ratio of 60%; Luo Junhong and Shenzhen Shengshi Qihang Enterprise Management Partnership (Limited Partnership) subscribed 30% and 10% respectively.

According to information, Rancho joined Bosera Fund in July 2010 after graduating with a master's degree in engineering from Tsinghua University. He started as a researcher and later became a senior researcher in the equity investment department and head of the capital goods group. He has been responsible for research on the automobile and light industry, and has also conducted research on the capital goods and consumer goods industries.

Rancho started working as a fund manager in November 2015, and has managed Bosera Industrial 4.0 Theme Stock Fund and Bosera Military Industry Theme Stock Fund.

In July 2022, Rancho left Bosera Fund and first joined Shenzhen Chengyuan Cultural Service Co., Ltd. as deputy general manager; in December 2022, he joined Shenzhen Shanqi Asset Management Co., Ltd. as investment director; in April 2023, he joined Mingcheng Private Equity as a fund manager of the trading department;In the first half of 2024, through equity transfer, Rancho became the actual controller of Mingcheng Private Equity and served as the company's general manager.。

The private equity industry is accelerating the survival of the fittest

Despite the volatile market trends in recent years, there are still many public fund managers who choose to "go to private equity" and start a new journey in their careers.

For example, on August 2 this year, Shenzhen Yinuo Private Equity completed the registration of private equity fund manager. The company's legal representative and general manager is Wu Chuanyan, the former deputy general manager and fund manager of Hongde Fund. He has a composite background of "insurance + public offering" and is an investment veteran with more than 20 years of experience in the asset management industry.

At the end of October last year,Guangdong Tianchen Yuanxin Private EquityThe company has completed the registration of private equity manager with the association. Its legal representative, general manager and investment director Zhang Junsheng has more than ten years of experience in equity investment management. He has served as deputy director of investment of Ping An Fund and has managed many funds including Ping An Dingyue and Ping An Dingtai.

According to the association's data, as of the end of June 2024, there were 8,200 private securities investment fund managers and 95,088 private securities investment funds under management, with a total management scale of 5.20 trillion yuan. After the "Private Securities Investment Fund Operation Guidelines" were officially implemented on August 1 this year, the private securities industry has developed in a more standardized manner.

The tightening of private equity fund supervision is conducive to the long-term healthy development of the private equity industry. According to the information on the association's website, 29 private equity fund managers have completed filing and registration this year, and 379 private equity fund managers have been deregistered. The industry is accelerating its exit, and some institutions that do not meet the requirements for the standardized development of private equity have gradually withdrawn.

Editor: Huang Mei

Review: Xu Wen

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