Spring Capital debuts $250 million fund
Hong Kong-headquartered Spring Capital Asia has closed its $250 million maiden fund, a vehicle to be focused on early-growth investments in low- to mid-market companies.
The fund aims to take influential minority stakes in companies spanning across industries such as clean technology, healthcare and pharmaceuticals, consumer and business services. The maiden fund is reportedly 71% invested by family offices; 16% invested by funds-of-funds and pension funds; and 13% from corporate and HNIs. It completed a first closing in November 2009 and a second closing in February 2010.
Spring Capital was co-founded in late 2007 by Vincent Chan, who serves as Managing Director. He is the former head of VC firm JAFCO Asia, where he was for seven years between 2000 and 2007.
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