Secondary investors pay $600m for LP stakes in IDG VC funds
IDG Capital has completed a secondary deal worth nearly $600 million, selling down LP positions in at least seven funds managed by affiliates in India and Vietnam as well as by the GP itself in China. These holdings were acquired as part of the purchase of International Data Group.
The positions have been bought by a syndicate of six investors led by HarbourVest Partners, according to sources familiar with the situation. Most of the investors are existing LPs in IDG funds. It is...
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