Zhejiang Jiahua Energy Chemical Industry approves $76m commitment

The Zhejiang-based industrial firm has backed a domestic venture capital fund.

Institution: Zhejiang Jiahua Energy Chemical Industry
Headquarters: Zhejiang, China
AUM: 9.15 billion yuan

Zhejiang Jiahua Energy Chemical Industry has confirmed a 500 million yuan ($76 million; €63 million) commitment to Industry Fund. The vehicle is managed by Wuhan Jusheng Fund Management Consultant and focuses on the industrial sector in China.

As illustrated below, this is the first private equity fund investment for Zhejiang Jiahua Energy Chemical Industry.

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