GCL and Harmony Capital Sign Non-Binding Term Sheet to Launch Up to RMB150 Million Game and Cultural Industry Fund
GCL Global Holdings (NASDAQ: GCL) has signed a non-binding term sheet with Harmony Capital to establish the GCL Game and Cultural Industry Fund. The proposed fund will have a budget of RMB100-150 million and will focus on strategic investments in China's game development and publishing sectors.
The fund will allocate over 70% of its capital to game development and publishing, with remaining investments planned for film and TV adaptations of game IPs, cultural ventures, and pre-IPO opportunities. The fund's structure includes a seven-year term, comprising a four-year investment period and three-year exit period, with potential extensions subject to partner approval.
GCL Global Holdings (NASDAQ: GCL) ha sottoscritto un term sheet non vincolante con Harmony Capital per costituire il GCL Game and Cultural Industry Fund. Il fondo proposto avrà un budget di RMB100-150 milioni e si concentrerà su investimenti strategici nei settori cinesi dello sviluppo e della pubblicazione di videogiochi.
Oltre il 70% del capitale sarà destinato allo sviluppo e alla pubblicazione di giochi, mentre il resto verrà impiegato per adattamenti cinematografici e televisivi di IP di gioco, iniziative culturali e opportunità pre-IPO. La struttura del fondo prevede un termine di sette anni, con un periodo di investimento di quattro anni e un periodo di uscita di tre anni, con possibili proroghe soggette all'approvazione dei partner.
GCL Global Holdings (NASDAQ: GCL) ha firmado una hoja de términos no vinculante con Harmony Capital para crear el GCL Game and Cultural Industry Fund. El fondo propuesto contará con un presupuesto de RMB100-150 millones y se enfocará en inversiones estratégicas en los sectores chinos de desarrollo y publicación de videojuegos.
Más del 70% del capital se destinará al desarrollo y la publicación de juegos, y el resto se invertirá en adaptaciones cinematográficas y televisivas de IP de juegos, proyectos culturales y oportunidades pre-IPO. La estructura del fondo contempla un plazo de siete años, con un periodo de inversión de cuatro años y un periodo de salida de tres años, con posibles extensiones sujetas a la aprobación de los socios.
GCL Global Holdings (NASDAQ: GCL)는 Harmony Capital과 비구속적 조건서를 체결하고 GCL 게임 및 문화산업 펀드를 설립하기로 했습니다. 제안된 펀드의 예산은 RMB100-150백만이며 중국의 게임 개발 및 퍼블리싱 분야에 대한 전략적 투자를 목표로 합니다.
펀드 자금의 70% 이상은 게임 개발 및 퍼블리싱에 배분되며, 나머지는 게임 IP의 영화·TV 각색, 문화 사업, 프리 IPO 기회 등에 투자될 예정입니다. 펀드 구조는 7년 기간으로, 4년의 투자 기간과 3년의 회수(엑시트) 기간으로 구성되며, 파트너 동의 시 연장 가능성이 있습니다.
GCL Global Holdings (NASDAQ: GCL) a signé une term sheet non contraignante avec Harmony Capital pour créer le GCL Game and Cultural Industry Fund. Le fonds proposé disposera d’un budget de RMB100-150 millions et ciblera des investissements stratégiques dans les secteurs chinois du développement et de l’édition de jeux.
Plus de 70% du capital sera alloué au développement et à l’édition de jeux, le reste étant destiné aux adaptations cinéma et TV des IP de jeux, aux projets culturels et aux opportunités pré-IPO. La structure du fonds prévoit une durée de sept ans, comprenant une période d’investissement de quatre ans et une période de sortie de trois ans, avec des prolongations possibles sous réserve de l’accord des partenaires.
GCL Global Holdings (NASDAQ: GCL) hat ein unverbindliches Term Sheet mit Harmony Capital unterzeichnet, um den GCL Game and Cultural Industry Fund zu gründen. Der vorgeschlagene Fonds wird über ein Budget von RMB100–150 Millionen verfügen und sich auf strategische Investitionen in Chinas Spielentwicklungs- und Veröffentlichungssektor konzentrieren.
Über 70% des Kapitals sollen in Spielentwicklung und Publishing fließen; die verbleibenden Mittel sind für Film- und TV-Adaptionen von Spiel-IP, kulturelle Projekte und Pre-IPO-Gelegenheiten vorgesehen. Die Fondsstruktur sieht eine Laufzeit von sieben Jahren vor, bestehend aus einer vierjährigen Investitionsphase und einer dreijährigen Exit-Phase, Verlängerungen sind mit Zustimmung der Partner möglich.
- None.
- Term sheet is non-binding, indicating uncertainty in final agreement
- Extended 7-year commitment period may limit capital flexibility
- Heavy focus on Chinese market exposes fund to regional regulatory risks
SINGAPORE, Sept. 05, 2025 (GLOBE NEWSWIRE) -- GCL Global Holdings Ltd (NASDAQ: GCL) (“GCL” or the “Company”), a leading provider of games and entertainment, today announced the signing of a non-binding term sheet with Heling Tongxing (Xi’an) Private Fund Management Co., Ltd. (“Harmony Capital”) for the joint establishment of the GCL Game and Cultural Industry Fund.
The term sheet reflects parties’ shared intention to establish the fund and sets out certain principal commercial terms to be confirmed by the parties and formalized in a definitive limited partnership agreement. With a total budget ranging from RMB100 million to RMB150 million, the proposed fund will focus on strategic investments in China’s rapidly evolving game development and publishing sectors.
"Our strategy is to drive growth by making direct equity investments in projects that promote creative and cultural content,” said Sebastian Toke, Group CEO of GCL. “It is intended that over
The GCL Game and Cultural Industry Fund is expected to operate over a seven-year term, including a four-year investment period followed by a three-year exit period, with possible extensions subject to unanimous partners’ approval.
About GCL Global Holdings
GCL Global Holdings Ltd. unites people through immersive games and entertainment experiences, enabling creators to deliver engaging content and fun gameplay experiences to gaming communities worldwide with a strategic focus on the rapidly expanding Asian gaming market.
Drawing on a deep understanding of gaming trends and market dynamics, GCL Group leverages its diverse portfolio of digital and physical content to bridge cultures and audiences by introducing Asian-developed IP to a global audience across consoles, PCs and streaming platforms.
Learn more at http://www.gclglobalholdings.com
About Harmony Capital
Harmony Capital is a private equity fund manager dedicated to creating long-term value through strategic investment and deep industry expertise. With offices in Beijing, Xi’an, and the British Virgin Islands, the firm manages over 8 billion CNY in assets across high-growth sectors including advanced manufacturing, life sciences, and new energy.
Founded in 2019, Harmony Capital partners with global institutions and offers services spanning wealth management, enterprise financing, IPO consulting, and industrial development—empowering businesses to thrive in a dynamic global landscape.
Forward-Looking Statements
This press release includes “forward-looking statements” made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995, and may be identified by the use of words such as “estimate,” “plan,” “project,” “forecast,” “intend,” “will,” “expect,” “anticipate,” “believe,” “seek,” “target” or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements may also include, but are not limited to, statements regarding projections, estimates and forecasts of revenue and other financial and performance metrics, projections of market opportunity and expectations, the estimated implied enterprise value of GCL, GCL’s ability to scale and grow its business, the expected benefits of the acquisition of Ban Leong Technologies Limited, the advantages and expected growth of GCL, and GCL’s ability to source and retain creative talent and publish games. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of GCL’s management and are not predictions of actual performance.
These statements involve risks, uncertainties and other factors that may cause actual results, levels of activity, performance, or achievements to be materially different from those expressed or implied by these forward-looking statements. Although GCL believes that it has a reasonable basis for each forward-looking statement contained in this press release, GCL cautions you that these statements are based on a combination of facts and factors currently known and projections of the future, which are inherently uncertain. In addition, there are risks and uncertainties described in GCL’s annual report on Form 20-F, filed with the SEC on July 31, 2025, and other documents filed by GCL from time to time with the SEC. These filings may identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. GCL cannot assure you that the forward-looking statements in this press release will prove to be accurate. There may be additional risks that GCL presently knows or that GCL currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In light of the significant uncertainties in these forward-looking statements, nothing in this press release should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. The forward-looking statements in this press release represent the views of GCL as of the date of this press release. Subsequent events and developments may cause those views to change. However, while GCL may update these forward-looking statements in the future, there is no current intention to do so, except to the extent required by applicable law. You should, therefore, not rely on these forward-looking statements as representing the views of GCL as of any date subsequent to the date of this press release. Except as may be required by law, GCL does not undertake any duty to update these forward-looking statements.
GCL Investor Relations:
Crocker Coulson
crocker.coulson@aummedia.org
(646) 652-7185
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