Moonrise raises $106m for China venture vehicle

Moonrise China Partners I, which has a target of $125 million, has received commitments from 27 investors, according to a US securities filing. There are also filings for two generalist Moonrise funds, launched in 2016 and 2018 with targets of $150 million and $200 million, respectively.

The firm was established in 2016 and invests in top-tier venture capital funds that are typically hard to access due to capacity constraints. It makes primary commitments and participates in co-investment and secondary transactions. The firm claims that its portfolio is designed to capitalize on the globalization of technology and the emergence of billion-dollar companies around the world.

Pascal spent nearly 18 years at Commonfund, the last three of which were spent as president and CEO. He led or co-led the global venture capital program from 1998 until 2016. He also played a role in initiatives such as the launch of an emerging markets program, the opening of the firm’s Beijing office, and the introduction of dedicated secondary and co-investment funds.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Save this article  
• Send to  

• Topics
• Greater China
• Venture
• Fund-of-funds
• Fundraising
• LPs
• China
• Moonrise Capital