<article>Private equity firm Long Venture Partners LLC is raising $50 million for its debut fund, of which $20 million is already committed, according to <a style="color: #000080;" href="https://www.sec.gov/Archives/edgar/data/1683882/000121390016016565/xslFormDX01/primary_doc.xml">an SEC filing</a>.
According to a post in Fortune, which first reported the development, the VC firm was started recently and is focussed on consumer-related big data and AI startups.</article>

Private equity firm Long Venture Partners LLC is raising $50 million for its debut fund, of which $20 million is already committed, according to <a style="color: #000080;" href="https://www.sec.gov/Archives/edgar/data/1683882/000121390016016565/xslFormDX01/primary_doc.xml">an SEC filing</a>.
According to a post in Fortune, which first reported the development, the VC firm was started recently and is focussed on consumer-related big data and AI startups.
The fund is expected to invest in Silicon Valley-based startups but with a cross-border emphasis on leveraging China.
It is co-led by Sam Yu and Ernestine Fu, venture capitalists who graduated from Standford University. Sam is the founder and managing partner of Thinkers Capital. Previously, he was a venture capitalist at<a style="color: #000080;" href="http://www.dealstreetasia.com/?s=saif"> SAIF Partners</a> and before that he was a finance leader at General Electric.
Ernestine started her venture career with Alsop Louie Partners in 2011 and led her first investment within two months. Currently, she is a Venture Partner at Alsop Louie Partners and leads the firm&#8217;s investment thesis in 3D printing and other disruptive technologies.
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Long Venture Partners raising $50m debut fund, to focus on big data startups

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