Innovation-driven development and the establishment of dual carbon goals mean that the post-pandemic economic recovery is a brand-new transformative recovery, bringing not only a switch in investment logic but also great promise for the private equity investment market with RMB 12 trillion in assets under management, which can support high-risk new economy and new model companies' rapid growth through market-oriented operations.

To help private equity investment institutions continue their brilliant achievements under the new development paradigm, New Fortune launched its first Best PE/VC selection this year to evaluate participants in this market.

A professional judging panel composed of over 100 LPs including national-level government guide funds, bank wealth management subsidiaries, insurance asset management companies, large group/listed company asset management companies, market-oriented fund of funds, third-party wealth management institutions, and family offices participated in voting, becoming one of the biggest highlights of the first New Fortune Best PE/VC selection.

Through combining objective data with LP voting data, using quantitative and qualitative evaluation, New Fortune selected the first Best PE/VC rankings. Ultimately, 73 PE/VC institutions stood out and made this edition's rankings.

Harvest Capital was honored on the 2022 New Fortune "Best Industry Investment Institution - Grand Consumption" rankings.

As a professional equity investment fund consistently focused on the grand consumption and modern service industry sectors, Harvest Capital welcomed a fruitful harvest season in its 15th year. This year, Harvest Capital achieved 2 IPOs: Eastroc Beverage and Aimer. Laoxiangji is also in the CSRC guidance stage, sprinting full force toward an A-share IPO. Wen He You obtained Series B financing this year led by IDG and Sequoia, with participation from well-known institutions including Warburg Pincus, GIC, and Country Garden, reaching a valuation of RMB 10 billion. Beyond impressive investment achievements, Harvest Capital also received strategic investments totaling nearly RMB 800 million from GLP and Sequoia China this year.

From any perspective, 2021 was an extremely meaningful year for Harvest Capital. With another new year's arrival, Alan Song, skilled at self-breakthrough, will continue to lead Harvest Capital in deeply cultivating everyday life, empowering people's livelihoods, committed to becoming the investment institution most infused with people's lifestyles and everyday life.