SSC Selected as One of 2022 Top 20 Best Secondary Funds in the World
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On February 16, 2023, the Global FOF Association released the List of the World's Best Investment Institutions in 2022 in Zurich, Switzerland. Shanghai Sci-tech Capital (SSC) was selected as one of the 2022 Top 20 Best Secondary Funds in the World.
Registered in Switzerland on December 12, 2019, the Global FOF Association is committed to providing a high-quality and efficient information service platform, business cooperation platform and exchange platform for global FoFs, and promoting the cooperative and healthy development of the global FoF industry. The List of the World's Best Investment Institutions in 2022 was rolled out after recommendation and evaluation by investment experts (especially FoF experts) from Europe, America, the Middle East and other regions invited by the association. About 35% of the investment institutions and investors on the list are from China, up slightly from 31% reported in 2021, showing the great influence of China in the global investment community.
SSC is a market-oriented FoF initiated by SIG according to the plan of the CPC Shanghai Municipal Committee and the Shanghai Municipal People's Government. Its key investors include Guosheng Group, SIPG, Guotai Junan Securities, Shanghai Trust, Zhangjiang Hi-Tech, China Pacific Insurance Group, Jiading State-Owned Assets Group, etc. With the mission of serving the building of Shanghai Sci-tech Innovation Center, it has a target scale of 30 billion yuan and now has over 12 billion yuan under management.
SSC has invested in more than 70 sub-funds to date, with a total contract amount of over 200 billion yuan, covering over 2,000 enterprises. Among the invested enterprises, 97 have been listed, including 56 listed on the Science and Technology Innovation Board, and nearly 100 have been approved. Over 100 SSC-invested enterprises plan to apply for listing in the coming year or two.