China's Lilly Asia secures $40m commitment from US pension fund

China's Lilly Asia secures $40m commitment from US pension fund

San Francisco Golden Gate Bridge. Photo by Joseph Barrientos on Unsplash

China-based venture capital firm Lilly Asia Ventures has received a commitment of $40 million for its fifth biosciences fund, LAV Biosciences Fund V, from San Francisco Employee’s Retirement System (SFERS), according to an investment report by the pension fund’s CIO.

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