[Updated] China, SE Asia-focused ZWC Partners secures $400m first close of USD fund

Patrick Cheung, Founding & Managing Partner, ZWC Partners, speaks at the Asia PE-VC Summit 2019 in Singapore.

Editor’s note: An earlier version of this story incorrectly mentioned that the USD fund has secured its final close at $450 million. The company has clarified that it has achieved a first close of $400 million.

ZWC Partners, a Chinese venture capital firm that invests in China and Southeast Asia, announced on Tuesday that it has secured the first close of a new USD-denominated fund at $400 million.

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