China's Vision Plus Capital looks to raise two USD funds, show SEC filings

U.S. 100 dollar banknotes and Chinese 100 yuan banknotes are seen in this picture illustration in Beijing, China, January 21, 2016. REUTERS/Jason Lee

Vision Plus Capital, a Chinese venture capital (VC) firm created by Alibaba co-founder Eddie Wu, is in the market raising two US dollar funds despite most of its peers having put on hold their USD fundraising plans amid rising difficulties for domestic businesses to pursue a US listing.

The dual-currency fund manager is looking to raise capital for Vision Plus Capital Growth Fund II and Vision Plus Capital Fund IV, according to two separate filings with the US Securities and Exchange Commission (SEC) on July 5. The filings, both of which were signed by the firm’s deputy finance director Tina Wang, show that Vision Plus Capital has yet to secure any capital commitments for the vehicles.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter