XVC, a Chinese early-stage investment firm established by Boyu Hu, formerly of DCM Ventures and Blue Lake Capital, has closed its second US dollar-denominated fund with around $330 million in commitments.
The fundraising process began in the second quarter of 2019 and took about three months. Most of the LPs in XVC’s debut fund re-upped and the firm attracted new investors such as endowments and foundations,...
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Conservative sovereign wealth investors are increasingly comfortable making direct commitments to venture-oriented technology companies. The strategy appears to suit them but remains to be validated
01VC has secured institutional LP support for its second fund, which closed at $100 million. The early-stage investor plans to deploy it across industrial and enterprise deals in China and Southeast Asia