Cayman Islands-based Genbridge Capital, which has two members of JD.com’s M&A team in its founding team, has proposed to raise a $500 million maiden venture capital fund, according to a filing with the SEC.
General partners in GenBridge Capital Fund I, L.P. include Bin Chang, Sidney Huang, Hui Li and Xinzhao Zhang, the filing disclosed. However, it did not elaborate on the current status and progress of the proposed fundraising.
According to an Asian Venture Capital Journal report, the new fund will be focused at the Chinese market.
GenBridge Capital Fund I, L.P. is a pooled investment fund. A pooled investment vehicle pools funds from many individual investors that are aggregated for the purposes of investment.