TLDR:
Shanghai-based CM Venture Capital has launched the CM Evergreen Fund, a unique perpetual investment vehicle targeting sustainable investments. The fund aims to reshape the private markets landscape by offering long-term opportunities for investors.
Summary:
In a bold move, Shanghai’s CM Venture Capital has announced the establishment of the CM Evergreen Fund, with an initial target of $100 million. This innovative fund, set for its first closure by the end of Q2 2024, represents a significant shift in the world of sustainable investments.
The CM Evergreen Fund departs from traditional private market funds by adopting an evergreen structure, allowing for continuous capital inflow and outflow. This model not only enables long-term investments in promising startups and technologies but also democratizes access to high-growth opportunities in critical sectors.
Under the leadership of CEO Min Zhou and Managing Partner Patrick Berbon, CM Venture Capital has demonstrated a strategic focus on sustainability through investments in companies like NovoNutrients and Dynamic Hydrogen. The establishment of the CM Evergreen Fund further solidifies the firm’s commitment to fostering innovation in environmentally impactful areas.
The evergreen fund model, though rare in the private equity and venture capital landscape, offers a promising alternative for investors seeking lasting impact without the pressure of short-term exit strategies. As CM Venture Capital moves forward with the CM Evergreen Fund, the global investment community eagerly anticipates the potential ripple effects of this groundbreaking approach.
