# Nantong Industrial Investment Fund of Funds

Nantong Industrial Investment Fund of Funds is a Fund of Funds based in Nantong, China.

## Overview

- **Organization type:** Fund of Funds
- **Headquarters:** Nantong, China
- **Region:** Asia
- **Address:** Nantong, Jiangsu, China
- **Assets under management:** Undisclosed

## Regulatory record

- **Reports private funds:** No

## About

Nantong Industrial Investment Fund of Funds is a China-based investment company with a focus on Asia. It has committed to 14 funds.

## Sectors

- Enterprise Software
- Industrial Tech
- AI/ML
- Energy Transition & Renewables
- Mobility & Transportation
- Healthcare Services
- Real Estate

## People

- Zhang Jianqiang — Chairman

## Questions

### Does the fund deploy capital directly into companies, or only through external fund managers?

The vehicle is structured as a fund-of-funds, committing LP capital to external venture and growth equity managers. However, the 2024 CITIC Group partnership created a co-sponsored investment vehicle — the 5 billion RMB Nantong Chain Development Fund — which functions more like a direct co-investment platform. This hybrid model allows the municipal government to access direct deal exposure through side-by-side structures while maintaining its primary identity as an LP.

### What is the relationship between this fund-of-funds and Nantong's municipal government?

The fund is wholly owned and authorized by the Nantong Municipal People's Government, operating through Nantong Industries Holding Group as the state-owned parent entity. Its investment mandate serves the city's industrial policy objectives — attracting technology and manufacturing companies to Nantong through capital commitments that require or incentivize local operational presence. This makes it a policy tool as much as a return-seeking investment vehicle.

### Which external managers has Nantong's fund-of-funds partnered with?

Confirmed co-investment partners include CICC Capital, which operates the Nantong CICC Qijiang Equity Investment Partnership as a joint vehicle, and CITIC Group, which co-sponsors the 2024-era Nantong Chain Development Fund. CICC brings investment banking and private equity origination networks; CITIC contributes balance-sheet scale and national-level industrial relationships.

### What sectors does the fund-of-funds target through its LP commitments?

The municipal government's published industrial priorities guide allocations toward advanced manufacturing, new energy and cleantech, biomedicine and healthcare, next-generation information technology including AI and semiconductors, and supply-chain logistics infrastructure. These sectors align with Nantong's ambition to upgrade its position in the Yangtze River Delta technology manufacturing corridor.

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- [CapSolutions](https://altss.com/profile/capsolutions)
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Last updated: 2026-06-03T20:00:00.000Z

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