China FOF Research Center

The China FOF Research Center (母基金研究中心) is a Chinese research and ranking institution focused on the fund-of-funds and private equity industry. Per its own materials cited by multiple VC firms, it publishes annual and special-topic league tables that evaluate venture capital and private equity funds on dimensions such as returns, sector focus, and fund type .

In practice, it functions as an industry benchmark setter whose rankings are widely referenced by RMB-denominated funds to validate performance. Gaorong Ventures, for instance, cited its 2025 special list placing Gaorong in the top 5 VC funds by returns and in the top 20-30 for sectors including advanced manufacturing, new energy, AI, and healthcare . Similarly, ZhenFund, Yunqi Capital, and Linear Capital have all publicized their inclusion in its "best early-stage fund" and sector-specific rankings . The center's founder, Tang Jincao (唐劲草), who also chairs Shuimu Capital, has appeared as a commentator on state media discussing the state of patient capital and LP-GP dynamics in China's state-influenced venture ecosystem .

elsewhere's corpus does not contain detailed information on the center's founding date, ownership structure, or methodology beyond what can be inferred from these citations.