Unicorn Capital Partners, a China-focused venture capital fund-of-funds, has made the first close of its fourth fund – Unicorn Partners Fund III LP – at $353.5 million, attracting commitments from 64 investors, according to a US SEC filing.
The Hong Kong-based venture capital firm did not specify the hard cap for the fourth fund, which was launched in April last year, and the new vehicle will likely continue to invest in the areas of technology, media, and entertainment (TME), and healthcare throughout China, in line with its three predecessor funds.
