Apart from building cars, Xpeng Motors founder He Xiaopeng's LP portfolio has been little known.
The so-called LP, or limited partners, is a venture capital institution's investor. According to PE Daily, in addition to building cars, He Xiaopeng has already been an LP.
Today, He Xiaopeng's LP landscape is gradually forming: through Shanghai Binhe Investment Management Center (limited partnership), He Xiaopeng has invested in a number of venture funds, including GGV Capital, Morningside Venture Capital, Kinzon Captial, and the Shanghai-based Mitsubishi UFJ. Var Capital, Engage Capital.
On August 27, 2020, as Xpeng rang the IPO bell, He Xiaopeng, the soul of the company, once again gathered a lot of attention from the outside world.
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It has been noticed that He Xiaopeng, who has achieved wealth freedom for many years, has become an angel investor and individual LP in addition to building cars.
According to PE Daily, He Xiaopeng has invested in a number of funds through Shanghai Binhe Investment Management Center (Limited Partnership).
According to PE Daily, He Xiaopeng has invested in a number of funds through Shanghai Binhe Investment Management Center (Limited Partnership), which was founded by He Xiaopeng and Chen Jin Yi, with He Xiaopeng holding a 90% stake as the ultimate beneficiary.
As we can see, through Shanghai Binhe, He Xiaopeng became an LP of Engage Capital, Morningside Venture Capital, Kinzon Captial, Var Capital, and others.
It is worth mentioning that both Morningside Venture Capital and Kinzon Captial are investors in Xpeng.
Among them, He Xiaopeng and Haibo Yao, founding partner of Kinzon Captial, met Xpeng during UC's startup period and followed Xpeng's development from the start-up of the warehouse to his departure from Alibaba and participated in its management.
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Liu Qin of Morningside Venture Capital has known He Xiaopeng for more than 15 years, and has not been a friend absent from investing in Xpeng during his two startups.
In addition to investing through Binhe Shanghai, He Xiaopeng is also a shareholder in Jiaxing Airui Investment Partnership (Limited Partnership), an investment firm that manages 16 funds and invests in nearly 50 projects.
The firm, known as Airui Capital, manages 16 funds and has invested in nearly 50 projects.
What is less known is that He Xiaopeng has been an LP of GGV Capital for a long time.
The listing of Xpeng revealed the deep relationship between GGV Capital's managing partner Jixun Fu and He Xiaopeng, who once recalled at an annual meeting of GGV why he devoted himself to Xpeng: "It was only half an hour after the birth of my child when Jixun Fu called at an inopportune time," he said. phone call, and he urged me to go all out on this (car building)."
It was also at that annual meeting that He Xiaopeng's opening statement was that he was very happy to be here as GGV's LP.
He Xiaopeng is just a microcosm of the new economy's new big players joining the LP world.
In the past few years, with the rise of new economy companies, a large number of new wealthy and free-spirited people have been born, and this group of people is becoming a considerable LP force.
The investors behind Miracle Plus, founded by Lu Qi, include Liu Qiangdong and his wife; Chen Rui, founder of Bilibili, has become an LP of INCE Capital; and BA Capital, which is well known in China's consumer sector, has Wang Ning, founder of Pop Mart, as one of its investors.
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