中国日报 | 彭志强：投资靠得是对未来的心

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“所谓的‘资本冬天’不会持续太久。”

来源 | 中国日报

编译 | Lisa

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本编译自中国日报（2019-1-28版），末附采访。

在市场一片消沉的情绪中，彭志强加强了盛景嘉成 (Peakview Capital)对于科技型初创企业的关注。

45岁的彭志强是中国最大的FOF(母基金)基金之一——盛景嘉成(Peakview Capital)的董事长兼创始合伙人。

“我很少回顾过去，无论是失败还是成功。过去的已逝，但对未来的思考会引导你不断发现并创造新的东西。”他对未来持乐观态度，这让他兴奋不已。

彭志强毕业于中国顶尖的法学院——中国政法大学(China University of Political Science and Law)，他是1997年那批人中唯一选择在企业工作的人。

那时候，法律专业的毕业生通常会在政府部门工作或者成为一名律师。“大家都对我的决定感到惊讶”他说。

幸运的是，在4年后，彭志强成为了中国息技术公司——清华紫光(Unisplendour corp.)上市时的5名关键人物之一。

在这家国有企业，他从法律部门转到了商业部门，在29岁时被任命为副总裁。

2007年，意识到中国有一个巨大的企业家培训市场，他开始了自己的创业，最终在2014年创立了盛景嘉成母基金，目的是帮助企业家更明智地投资。

“事情并不总是一帆风顺。在最糟糕的时候，我们的可支配资金从3000万元跌到了只有50万元，”他说。“但那些杀不死你的东西会让你更强大，激励着我用一种更谨慎的方式去思考未来。”

四年后，盛景嘉成母基金向高瓴资本 (Hillhouse Capital Group)、红杉资本(Sequoia Capital)和经纬中国(MatrixPartners China)等领先的风险投资和私募股权基金投资了人民币120亿元。

当大家对于某些项目并不乐观，投资者也倾向于对其进行评估的时候，“作为一名投资人，尤其是FOF基金投资人，你需要有专业的判断。人们期望你发现、选择并投资那些最有潜力的项目。”

他表示:“我们只投资那些具有创新能力和可持续发展的顶级基金或公司。”

这种创新的眼光指导着公司在海外市场的投资。如今，盛景嘉成母基金覆盖了全球众多项目，包括世界上最主要的创新高地——美国和以色列。

2014年，这家总部位于北京的公司投资了以色列耶路撒冷的一只基金，这标志着该公司走向全球的第一步。到目前为止，盛景嘉成已经在以色列的基金中投资了近1亿美元。

彭说:“与其他国家的公司相比，以色列公司是技术驱动型的，专注于硬科技。将这种硬科技与中国用户驱动型的企业结合起来，是一种完美的商业模式。”

他还说，以色列公司也擅长将世界各地的人和企业联系起来，这将是中国与全球创新网络连接的一个窗口。

一些业内人士表示，今年一些新型公司的融资可能会放缓。尽管由于当前国际形势，全球资本流动似乎正在经历一个冬天，但彭志强表示，他对投资的未来感到“乐观”。

风投和私募股权数据提供商清科研究(Zero2IPO Research)的最新报告显示，去年1 - 11月，中国的融资总额为人民币1.15万亿元，同比下降近29%。

彭志强认为:“经济经历周期是一种正常现象，所谓的‘资本冬天’不会持续太久。高质量的初创公司并不会觉得很难筹集资金。相反，较差的公司可能会遭受这种趋势。”

关于未来的大趋势，彭志强表示，产业互联网将是该公司的下一个投资重。

以下为参访：

▌Amid ebbing mood, Peng Zhiqiang sharpens Peakview Capital&39;s focus on tech startups

Peng Zhiqiang, 45, chairman and co-founder of Peakview Capital, one of China&39;s largest fund of funds, is optimistic about the future, which excites him no end.

&34;I seldom look back to the past, either failure or success. What&39;s past is past but thinking about the future guides you to always find and create something new,&34; he said.

A graduate of the China University of Political Science and Law, one of the country&39;s top law schools, Peng was the only one of his 1997 batch who chose to work in the corporate sector.

&34;People were surprised at my decision,&34; he said. Back then, a law graduate would typically go on to serve in the government or become a lawyer.

As luck would have it, within four years, Peng went on to become one of the five key people participating in the initial public offering of Chinese infotech company Unisplendour Corp.

At the State-owned company, he transitioned from the legal side to business operations, and was appointed deputy president at the ripe old age of 29.

In 2007, realizing that there is a huge market for training entrepreneurs in China, he started his own business, eventually founding Peakview Capital in 2014 with the goal of helping entrepreneurs to invest their money smartly and wisely.

&34;It wasn&39;t always smooth. At the worst time, our disposable money slumped from 30 million yuan ($4.2 million) to only 500,000 yuan,&34; he said.

&34;But what doesn&39;t kill you makes you stronger. It motivated me to think about the future, but in a more cautious way.&34;

Four years later, Peakview Capital invested 12 billion yuan in leading venture capital and private equity funds, including Hillhouse Capital Group, Sequoia Capital and Matrix-Partners China.

&34;Being an investor, especially for an FOF (fund of funds) investor, you need to have professional-grade judgment. You are expected to find, select and invest in the most promising projects,&34; he said.

It is not uncommon that an investor tends to evaluate a project even when others are not optimistic about it, Peng said.

&34;We invest only in top funds or companies that have the innovative ability and capacity of developing sustainably over the long term,&34; he said.

This eye for innovation informs the company&39;s investments in overseas markets. It now has a wide presence across the globe, including the United States and Israel, two of the world&39;s major highlands for innovation.

In 2014, the Beijing-based company invested in a fund from Jerusalem, Israel, which marked its first step toward going global. So far, it has invested nearly $100 million in Israeli funds.

&34;Compared with companies from other countries, Israeli companies are technology-driven and focus on hard tech. It is a perfect business model to combine such hard tech with our country&39;s user-driven business,&34; said Peng.

He further said Israeli companies are also good at connecting people and businesses worldwide, which will be a bridge for China to link with innovativeworks globally.

This year, funding for new businesses may slow, according to some industry insiders. Even though the global capital flows seem to be experiencing a winter of sorts due to the current international situation, Peng said he is &34;optimistic&34; about the future of investments.

Total fundraising in the January-November period of last year was 1.15 trillion yuan in China, down almost 29 percent year-on-year, according to a latest report by Zero2IPO Research, a leading venture capital and private equity data provider.

&34;The so-called winter of capital won&39;t last long as it is a normal phenomenon for the economy to go through cycles,&34; he said.

&34;High-quality startups would not find it difficult to raise money. Instead, only inferior companies may suffer from such a trend.&34;

Regarding future big trends, Peng said the industrial inte will be the company&39;s next investment focus.

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