Chinese VC Xiang He Capital beats target to close second USD fund at $425m

Shanghai, China. Photo by Merlin Kraus on Unsplash

Chinese venture capital firm Xiang He Capital has closed its second USD‐denominated fund at the increased hard cap of $425 million, the firm announced on Tuesday.

The oversubscribed fundraising exceeded Xiang He Capital’s initial target of $350 million, with support from both existing and new investors that include global consultants, university endowments, foundations, family offices, pensions and fund‐of‐funds from the US, Europe, the Middle East, and Asia‐Pacific.

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