Fund placements: China GP, SE Asia GP
China-based GP Offering Fund VIII to U.S./European Investors for the First Time (giant PRC Technology and Hong Kong Investment Holding Companies already
confirmed as LPs) he $200m Opportunity Fund VIII is 70% raised ($140m currently committed), but capacity remains for $60m in limited partnership interest from investors in the US and Europe.
RenewVC will be running all ex Asia LP relations, dealflow and exit strategy efforts for this series of funds involving some of the largest technology and financial corporations in China. The GP has raised seven successful funds on the mainland (all RMB denominated) and is seeking substantial offshore investment for the first time with this $200m Fund VIII.
The GP is planning a US roadshow during August, so we are in the midst of fairly rapid development. These are incredibly well connected and respected leaders in China (running multi-billion-dollar global corporations and investing billions in global private equity), but they are looking to develop core extensive financial relationships outside of Asia.
If you would like more information or are interested in hosting the GP Management Team in your offices in Mid-August, please email me.
Mark W Hubbard, managing director, Renew Venture
Capital, mark@renewVC.com
Representing a dynamic Asian conglomerate looking to establish a VC arm based in SE Asia. Requiring strong generalists with experience in nurturing small businesses and distressed situations.
Please contact me on nickpoole99@hotmail.com
or tel +65 9002 5270.
