China’s XVC raises $274m for third US dollar fund
Beijing-based venture capital firm XVC has raised USD 274m for its third US dollar-denominated vehicle. It brings overall assets under management to USD 1.2bn.
LPs include university endowment funds, non-profit foundations, family offices, and sovereign wealth funds. Almost all institutional investors for Fund I and Fund II re-upped. XVC closed its debut US-dollar...
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