Fund focus: Shunwei raises $1b, eyes growth deals
The line between venture and growth capital in China has always been blurred, and in recent years it has become more so as start-ups raise ever larger private rounds. Nevertheless, based on AVCJ Research’s records, with $1 billion at its disposal across two funds, Shunwei Capital Partners has accumulated more dry powder in one go than any other China-focused VC firm before it.
The GP reached the milestone while barely breaking a sweat. Buoyed by strong demand from existing LPs, Shunwei spent just a few months in the market with Shunwei China Internet Fund III and Shunwei China...
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