Eminence Ventures, which invests in early-stage enterprise software and cloud computing startups in China, has reached the final close of its second US dollar fund at $120 million, bringing the firm’s total assets under management (AUM) to nearly $200 million.
The second US dollar fund attracted backing from Silicon Valley’s Emergence Capital, and Hong Kong’s fund-of-funds (FOF) platform Unicorn Capital Partners, the firm announced in a recent statement. Other institutional investors in Asia and the US, including university endowments, charitable foundations, sovereign wealth funds, and family offices, also invested in the new fund.
