GF
LP profile
GF Fund Management
Venture Capital · Founded 2003 · Zhuhai, China
7
VC firms backed
01 · Background
Who GF Fund Management is.
- Historical Background
- GF Fund Management Co., Ltd. was established on August 5, 2003. The firm operates two wholly-owned subsidiaries: Ruiyuan Capital Management Co., Ltd. and GF International Investment Management Limited.
- Source of Capital
- A notable source of the firm's capital is the National Social Security Fund (NSSF) of China. GF Fund Management is an entrusted domestic investment manager for the NSSF.
- Major Events
- The firm has undergone recent leadership changes, including the appointment of a new chairman.
- Allocation Strategy
- The firm is a qualified investment manager for public funds. As of the first quarter of 2022, the firm managed 381 products with total assets under management of CNY 1.32 trillion. Within its portfolio, the firm held CNY 691 billion in non-monetary assets.
02 · Fund commitments
The funds GF Fund Management backs.
GF Fund Management is a limited partner in 7 funds. 4 of them place in the Power Law Investor Ranking; those lead, best-ranked first.

IDG Capital
#27 Power Law

Matrix Partners China
#163 Power Law

5Y Capital
#170 Power Law

Legend Capital
#364 Power Law

Eastern Bell Capital
Fortune Capital

Fortune Venture
03 · Allocation
How GF Fund Management’s fund book is spread.
The 7 funds GF Fund Management backs, by where the manager is headquartered and how many funds that manager has raised.
Where those managers are based
By fund headquarters.
- Rest of world 686%
- North America 114%
China 6 · United States 1
05 · Direct investments
The companies GF Fund Management backs directly.
GF Fund Management holds 4 companies directly, separate from the funds it commits to as a limited partner.

American Electric Power
$121B valuation
Centicorn

Vertex Pharmaceuticals
$120B valuation
Centicorn

Kingstar

Changchuan Technology
$25B valuation
Decacorn
06 · Other LPs
Other LPs.
Other LPs in the Power Law LP ranking, closest to GF Fund Management by combined power-law score — Asia first, then the nearest worldwide.
🇬🇧
BP Investment Management
7 VC funds backed
🇦🇹
Speedinvest
$1.1B AUM
2 VC funds backed
🇫🇮
EQ Group
$28B AUM
8 VC funds backed
🇨🇳
Zhongguancun VC Development Center
8 VC funds backed
🇨🇳
Shanghai Science and Technology Innovation Center
22 VC funds backed
🇨🇳
National Small and Medium Enterprise Development
19 VC funds backed
🇨🇳
Kunpeng Capital
11 VC funds backed
🇨🇳
Fuanda Fund Management
4 VC funds backed

