On June 30, Bo General Holdings submitted a prospectus to the Hong Kong Stock Exchange and plans to list on the main board, with Everbright Securities International and Deutsche Bank as co-sponsors.
Bo General Holdings is a leading private equity fund manager focusing on serving high net worth people and empowering Chinese high-tech companies. From May 18, 2016, the date of completion of its first private equity fund management, to December 31, 2022, the total assets under management of Bo Holdings have increased significantly from RMB100m to about RMB9.3 billion. As of December 31, 2022, Bo will Holdings is the second largest private equity fund manager in China focused on serving high net worth people in terms of total assets under management, according to Frost Sullivan. In addition, Bo Holdings ranks first among private equity fund managers who focus on investing in the high-tech industry by the end of 2022.
As of December 31, 2022, Bo will manage a total of 74 funds, which mainly raise funds from outside investors. According to Frost Sullivan, as of the same day, Bo will shares of the fund achieved a strong overall internal rate of return of 18.7%, higher than the average level of funds in the industry.