Qingdao Haisi Cycle Fund closes at RMB 600M

by Ted Liu -

Cycle Capital Management (CCM) and Qingdao City Construction Investment Group (Chengtou) have closed Qingdao Haisi Cycle Fund（青岛海丝Cycle Fund） at RMB 600M or CDN $125 million.

Cycle Capital and Chengtou announced the entering into an agreement to set up a cleantech venture capital in Qingdao in October 2014.

Cycle Capital, based in Montreal, Toronto, New York, Seattle and Qingdao (China), is a pioneer in Canadian Cleantech venture capital fund management and invests in companies in the development and commercialization phases within this sector.

Founded in 2008, Qingdao City Construction Investment Group is directly owned by Qingdao government.

photo credit: CPE Media Inc.

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Ted Liu
Ted Liu, M.Sc. (Mining), MBA (Finance), is the Editor of Private Capital Journal, TechnologyMetals.ca, GoldSilverMetals.ca, and former Editor of Canadian Private Equity. Ted has been passionately tracking Canadian private capital industry since 1992, most recently served as Research Director for The Canadian Venture Capital and Private Equity Association (CVCA). Ted is President of CPE Media Inc., an independent, trusted and unbiased data provider tracking Canadian VC/PE, private capital industry.
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