BASF is investing in the Longwater Advanced Materials Fund, a private equity fund managed by Longwater Investment, a pioneer growth capital investor in advanced materials and chemistry-related technologies in China. BASF is one of several Limited Partners; other investors include Xiamen C & D, CICC Genesis and Tsinghua Redbud.

The Asian market plays an important role in BASF’s growth strategy: “This investment underlines our commitment to further expanding BASF’s innovation capabilities in China”, commented Markus Solibieda, Managing Director of BASF Venture Capital, adding: “Longwater’s experts are well versed in China’s chemical industry. Involvement in Longwater’s network will support BASF’s aim to engage with fast-growing companies and develop jointly with them innovations for its customers.”

BASF Venture Capital is focused on generating new growth potential for BASF by investing in young companies and funds. One of its strategic focus areas is new chemical technologies and materials. Longwater, a leading specialist in China, has built a strong network with competent start-ups and is therefore a powerful partner in this field.

“We are happy to welcome BASF Venture Capital as a Limited Partner in our network”, stated Xuesong Shi, Managing Director of Longwater, adding: “BASF is a widely respected global market leader in the chemical and materials sector. BASF Venture Capital, which supplements BASF’s innovation initiatives, has extensive access to and insights into various related segments and shares a common philosophy and vision with Longwater Investment as regards smart energy, sustainability, chemical-industry digitalization, and much more. The partnership will facilitate synergetic collaboration between BASF Venture Capital and Longwater Investment.”

About Longwater

Being one of the very few equity fund managers that focus on advanced materials and chemistry-related technologies in China, Longwater pioneers investments in related sectors. Leveraging on the combination of industrial insights and investment expertise, Longwater executes and manages its investments with the objective of achieving successful growth driven by technological innovation, industrial upgrading and the improvement of human well-being. Longwater is committed to creating long-term value for its investors, the companies it invests in, and the communities in which it works. Longwater Advanced Materials Fund is a private equity fund under the management of Longwater.