On January 2, Hidden Hill Capital, a private equity investment arm under GLP, announced the completion of the second phase of Hidden Hill RMB PE**, raising nearly 8 billion yuan.
Yinshan RMB PE** Phase II will continue the investment strategy of Yinshan RMB PE** Phase I (i.e., Yinshan Modern Logistics Service**) established in 2018, focusing on investing in innovative leading enterprises in the fields of modern logistics services, digital intelligence chain, logistics chain technology and new energy.
It has been actively participated by a number of insurance institutions, state-owned investment platforms, first-line industrial capital, parent investors and other institutional investors. Zhuge Wenjing, Executive Vice Chairman of GLP China, said, "GLP and Hidden Hill Capital are committed to discovering and supporting the most promising technologies and innovations, especially the excellent startup and management teams behind them. ”
Dong Zhonglang, Managing Partner of Hidden Hill Capital, said: "In the past 20 years, the market size of the logistics industry has increased rapidly, and at the same time, with the blessing of technology, earth-shaking changes have taken place. Hidden Hill Capital will continue to invest in modern logistics services, digital intelligent chains, new energy and logistics technology, and enhance the ability of modern logistics to support strategic emerging industries and smooth domestic and international dual circulation. ”
Dong Zhonglang also said that based on long-term industry insights and global resource advantages, Hidden Hill Capital has also laid out and empowered innovative leading enterprises in robotics, autonomous driving, new energy and other industries to improve the efficiency of modern logistics and gain global competitive advantages.
Hidden Hill Capital's AUM (AUM) of RMB** and USD** has exceeded RMB28 billion. Since 2018, Hidden Hill Capital has invested in about 100 companies, including COSCO Shipping Logistics, China Southern Airlines Logistics, Ouyeel Chain Gold, Sany Heavy Truck, Yuanyuan Technology, J&T Express, Zongteng Group, G7 Yiliu, Inceptio Technology, Lidart Robot, SEER and other well-known companies in the industry.