The recruitment of the TTGG ZhongShi Private Equity Fund No.12 (herein referred to as “the Fund”) initiated by Ningbo Silicon Paradise Equity Investment Management Co., Ltd has been successfully completed. As audited by Zhejiang Yaoxin Certified Public Accountants Co., Ltd., the fund raised during the fund raising period totaled RMB 82 million. The above funds were transferred to the fund escrow account on May 28, 2018.
The fund was formally established on May 28, 2018. The duration of this fund is calculated from that date.
The fund is managed by Ningbo Silicon Paradise Equity Investment Management Co., Ltd. as the asset manager and the custodian is Shanghai Pudong Development Bank Co., Ltd. Hangzhou Branch.