Legend Capital Changes the Chinese Name of Its VC Subsidiary Company

Legend Capital, a subsidiary company of Legend Holdings, has announced it will change its Chinese name from Lianxiang Ziben (联想资本) to Junlian Ziben (君联资本), a move which seems to want to brand the company more independently from its parent company.ZHU Linan, the President of Legend Capital，explained that the new Chinese name is a reflection of Legend Capital’s working together with start-ups to visualize future successes and achieve goals.

Legend Capital has raised a total of seven funds to date, five of which are United States dollar-denominated funds and two of which are yuan-denominated funds. The total management funds are currently RMB 1.3 billion (nearly USD 207 million). Legend Capital announced the final closing of its latest United States dollar-denominated fund in April 2011 at USD 500 million, and the final closing of its latest yuan-denominated fund in December 2011 at RMB 3.2 billion.

As of January 2012, Legend Capital has invested in nearly 150 companies of which 20 are already listed on the NYSE, NASDAQ, HKEx, Gretai Securities Market, Shanghai Stock Exchange, GEM and ChiNext of Shenzhen Stock Exchange, while another 11 companies achieved exit through M&A.
Among the companies that Legend Capital has invested are Renren, BitAuto, AutoNavi, and Joya.

There are currently four investment departments in Legend Holdings: Legend Star, Legend Capital, Hony Capital and Legend Holdings’ own direct investment department. Legend Star is a department that mainly focuses on angel investments, Legend Capital is a subsidiary company that mainly focuses on venture capital investment, Hony Capital is a subsidiary company that mainly focuses on private equity investment, and Legend Holdings’ direct investment department mainly focuses on strategic investment.