# National Green Development Fund Management

National Green Development Fund Management is a Private Equity based in Shanghai, China.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Shanghai, China
- **Region:** Asia
- **Address:** Shanghai, China
- **Founded:** 2020
- **Assets under management:** Undisclosed
- **Website:** www.ngd-fund.com
- **LinkedIn:** https://www.linkedin.com/company/national-green-development-fund-management

## Regulatory record

- **Reports private funds:** No

## About

National Green Development Fund Management is a private equity firm based in Shanghai, China. It pursues a Venture Capital strategy, managing approximately $6.1 billion in assets and holding $6.7 billion in dry powder. The firm has a staff of 50.

## Sectors

- Energy Transition & Renewables
- Infrastructure
- Mobility & Transportation
- Real Estate

## Questions

### What is the National Green Development Fund's relationship with the Chinese government?

The fund is a state-directed investment platform established under the guidance of China's Ministry of Finance and Ministry of Ecology and Environment. Its website lists the Ministry of Finance, the Shanghai Municipal Government, and the Shanghai Municipal Finance Bureau as key institutional links, signaling direct public-sector oversight. It executes its mandate — tied to the Yangtze River Economic Belt conservation strategy and national carbon-neutrality targets — through commercial investment structures while operating as an extension of state environmental policy.

### How does the National Green Development Fund deploy capital?

The firm deploys capital across three channels: direct project-level investments, corporate equity stakes, and commitments to third-party sub-funds. Its project investments target provincial infrastructure gaps in areas such as water remediation and waste-to-energy. The sub-fund strategy is designed to attract institutional and private co-investors into green sectors, creating a multiplier effect on the fund's own balance sheet.

### Which sectors and investment areas does the fund focus on?

The fund concentrates on five core domains defined on its website: environmental protection and pollution prevention, ecological restoration and territorial greening, energy and resource conservation, green transportation, and clean energy. This mandate aligns directly with China's decarbonization goals and the ecological priorities set for the Yangtze River Economic Belt.

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Last updated: 2026-06-03T20:00:00.000Z

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