Addor Capital Explained

Addor Capital
Native Name:毅達資本
Type:State-owned enterprise
Industry:Investment management
Location:Nanjing, Jiangsu, China
Key People:Ying Wenlu (Chairman)
You Jinbai (President)
Products:Venture Capital
Private equity
M&A
Real estate
Fund of funds
Aum:US$17.6 billion (January 2021)
Owner:Jiangsu High-Tech Investment Group
Footnotes:[1] [2] [3] [4]

Addor Capital (Addor) is a Chinese investment firm founded in 2014. The firm is backed by the Jiangsu High-Tech Investment Group (Govtor Group), a state-owned investment company established by the Government of Jiangsu. It invests in companies from various industries including technology, manufacturing, energy and healthcare.

Background

Addor was established in 2014 as part of mixed-ownership reform that was implemented by the Jiangsu High-Tech Investment Group.[5] [6]

In 2017, Addor set up an entity in Beijing to establish its M&A and private equity business.

In 2019, Addor set up a subsidiary in Hong Kong to perform activities related to M&A and asset management in overseas markets.

In September 2020, Addor partnered with several Chinese companies including Jiangsu High-Tech Investment Group to established a $146 million fund to invest in emerging technology startups.

Addor is headquartered in Nanjing with additional offices in other Chinese cities including Beijing, Shanghai and Guangzhou.

Notable investments include Dayun Auto.

Notes and References

  1. Web site: Schachner . Miles . The largest Chinese investors you've never heard of . The China Project . 10 August 2021 . 25 March 2023 . 25 March 2023 . https://web.archive.org/web/20230325044309/https://thechinaproject.com/2021/08/09/the-largest-chinese-investors-youve-never-heard-of/ . live .
  2. Web site: Addor Capital co-launches $146m fund to invest in China's tech startups . 22 October 2020. https://web.archive.org/web/20201022005739/https://www.dealstreetasia.com/stories/addor-capital-208684/ . 22 October 2020 .
  3. Web site: China's Addor Capital closes second health industry fund at $241m . 17 April 2021. https://web.archive.org/web/20210417030426/https://www.dealstreetasia.com/stories/addor-capital-health-fund-230155/ . 17 April 2021 .
  4. Web site: China's capital market changes are in the right direction: Wenlu Ying, Addor Capital . 10 March 2021. https://web.archive.org/web/20210310022349/https://www.dealstreetasia.com/stories/addor-capital-china-193771/ . 10 March 2021 .
  5. Book: 馮誠 . 鎮版報導的氣質養成:新聞通訊采寫實踐與感悟 . 1 January 2018 . 新華出版社 . zh.
  6. Web site: 2020 . 毅达资本 一年过会6家企业的"科创经验" . cqvip.com.