Centurium's Suzhou PE fund hits $150M after two new LPs join
What's the deal? Centurium CapitalDealroom has a profile for this one. Try Dealroom → has closed new commitments for its Suzhou Dazheng Phase III Equity Investment Fund, lifting the private equity vehicle's first-close subscriptions to US$137.8M (≈$150 million). The increase came after two local government-linked backers signed on.
Who's in? Listed retailer Kidswant disclosed the move on November 12, confirming that two new limited partners — Kunshan's industry development guidance fund and Kunshan Development Zone State Investment Holding — committed a combined US$41.3M. Their entry raised the fund's first-close subscriptions from US$96.5M to US$137.8M.
The backstory: Kidswant and its subsidiary had earlier pledged a total of US$13.8M from their own funds — US$6.88M each — to invest in the fund alongside professional institutions.
Why now? The close lands amid a wave of Chinese fund activity centred on hard technology. In the same week, SinotransDealroom has a profile for this one. Try Dealroom → parent China Chengtong said it plans to add about US$20.6B in fund investments during the 2026–2030 plan period, with no less than 80% directed to technology innovation.
The signal: State-linked guidance funds are increasingly anchoring private capital in China, with local governments such as Kunshan using limited-partner commitments to pull private managers like Centurium toward regional industry goals.
Read more: sohu.com
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