News

China’s Gaorong Capital raises $1.5bn for VC funds

Venture CapitalBeijing-based venture capital firm Gaorong Capital has pulled in US$1.5 billion for two venture capital funds focused on early and growth-stage investments. The largest of the two is a fifth US dollar fund which comprises a $1 billion main fund with a $150 million side fund. Gaorong claims that this is the largest dollar-denominated fund to be launched by a Chinese venture capital (VC) firm. The second vehicle is a yuan-denominated fund. The fund launches bring Gaorong’s assets under management to nearly $4 billion. The firm, formerly known as Banyan Capital, was formed in 2014 and has focused on early and growth stage investments with a leaning towards the technology, media and telecom sectors. © 2020 funds global asia

Digital Features

Digital Features

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Roundtables

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