Monolith sets $250m hard cap for China fund
Monolith Management, an investment firm established by Xi Cao, formerly a partner at Sequoia Capital China, has set the hard cap at USD 250m for its debut China venture capital fund.
The initial target was USD 200m and a first close came towards the end of last year, according to two sources familiar with the situation. LPs include US endowments, Asian family offices, and fund-of-funds....
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