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1

Funds Raising Maintain Momentum ， 2011 Outnumber 2010

79 118167 124 240 164No. of

New Funds

Fund Raising

181 387410 685 188 288Amt. Raised

Data Source： Zero2IPO

2006 2007 2008 2009 2010 by July 31,20110

10

20

30

40

50

60

70

80

0

50

100

150

200

250

16

3745

721 15

2

4

24

12

1814

Amt. Raised by Foreign Currency Funds Amt. Raised by RMB FundsNo. of Foreign Currency Funds （ Right Axis ） No. of RMB Funds （ Right Axis ）

（ US$ B ）

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LP’s Current Classification & Latent Capacity2

Local LPs’ Current Situation & Trend of Development in China

Name Purpose of Investment Total AUM

（ Billion CNY）

Potential Capacity of investment in PE （ Billion CNY）

NSSF Profit Cautiously 776.5 100

FOF Profit >100 >100

Government guide fund policy oriented strategy >100 >100

Commercial Bank Profit 57600 2,500

Commercial Insurance Company

Profit 4400 >300

Securities Profit 1700 >60

Trust Company Profit 2000 80

Enterprise Annuity Profit Cautiously 200 >10

Private Enterprise / High-net-worth

IndividualsProfit

6,000（ Only include

Wenzhou）>100

Potential future funding: > 3350 bn CNY

Data Source： Zero2IPO

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China Market’s LP Distribution by Type3

Data Source： Zero2IPO

China Market’s LP distribution by type（ Amt. of Dry Powder ）

Listed company; 17142.0%; 27.3%

Public pension funds; 143.18;

22.8%

Sovereign wealth funds; 141; 22.4%

FOFs; 32.53; 5.2%

Enterprise Annuity;

31.04; 4.9%

Bank & Trust institution;

26.08; 4.2%

Assets man-agement

company ; 20.95; 3.3%

Enterprise; 19.16; 3.0%

Investment company; 16.82; 2.7%

Government guidance funds; 9.94; 1.6%

University & Foundations; 6.21; 1.0%

High-net-worth Families & Individuals; 4.27; 0.7%

Governmental Agency; 2.88; 0.5%

Insurance Institution; 1.54; 0.2%

Family Foundations; 1.27; 0.2%

Up to June 30, 2011

China Market’s LP distribution by type（ No. of LPs ）

High-net-worth Families & Individ-uals; 189500.0%;

48.0%

Enterprise; 762; 19.3%

VC/PE; 268; 6.8%

Bank & Trust institution; 166;

4.2%

Assets man-agement

company ; 143; 3.6%

Investment company; 140;

3.5%

Governmental Agency; 109;

2.8%

Government guidance

funds; 104; 2.6% Listed com-

pany; 97; 2.5%

Public pension funds; 95; 2.4%

FOFs; 78; 2.0%

University & Foundations; 35; 0.9%

Insurance Institution; 21; 0.5%

Sovereign wealth funds; 16; 0.4%

Family Foundations; 15; 0.4%Enterprise Annuity; 3; 0.1%

Up to June 30, 2011

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China Market’s LP Distribution by Currency

China Market’s LP distribution by currency（ Amt. of Dry Powder ）

4

USD; 34918.0%;

53.8%

RMB; 261.21; 40.2%

Euro; 38.76; 6.0%

China Market’s LP distribution by currency（ No. of LPs ）

Up to June 30, 2011

RMB; 3039; 77.0%

USD; 794; 20.1%

Euro; 46; 1.2%JPY; 30; 0.8%GBP; 22; 0.6%

HKD; 11; 0.3%Other; 5; 0.1%

4

Data Source： Zero2IPO

Up to June 30, 2011

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LP’s Trend in Development & Comparison5

Local LP Compare to Global

（ by Dry Powder ）

Local Global0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

32%

1%

29%

31%

24%

6%

10%

22%

2%

3%

2%

24%

CompanyPension funds & Enterprise annuitySovereign wealth funds Financial institutionGovernmental agencies

High-net-worth Individuals’ investment willingness

Fund Stock Bond Real Estate Alternative0%

10%

20%

30%

40%

50%

60%

70%

80%

46.6%

68.2%

11.6%

74.7%

28.3%27.4%

40.4%

9.6%

38.5%35.9%

Current Investment percentage Future Investment Percentage

Data Source： Forbes Chinese version of the private wealth research database Data Source： Zero2IPO, Preqin