BlackBerry launches $100m China fund

The BlackBerry Partners Fund has teamed up with China Broadband Capital Partners to manage a $100m fund.

BlackBerry Partners Fund, a venture capital firm focused on mobile computing, has entered into a joint venture with China Broadband Capital Partners to launch BlackBerry Partners Fund China, a $100 million vehicle focused on mobile investment opportunities in China. 

BlackBerry Partners Fund China will invest in the mobile computing sector in China and is expected to see a final close on 31 August 2010, the firm said in a statement. 

The fund will leverage the domain expertise of Research In Motion, which is the developer of the BlackBerry smart phone, and China Broadband Capital’s track record of investing in China’s telecom, internet, broadband, media and technology sectors.

“BlackBerry Partners Fund China represents an incredible opportunity to support technology entrepreneurs in China who are shaping the future of mobile computing, and we look forward to making the fund the leading investment vehicle for mobile in China,” Edward Tian, chairman of China Broadband Capital Partners, said in a statement.

The fund has offices in Beijing, Shanghai and Hong Kong.

Established in 2006, China Broadband Capital Partners is a venture capital firm focused on investments in telecom, media and technology in Greater China. The firm currently manages a $286 million fund that closed in November 2006 and an RMB1 billion fund. 

BlackBerry Partners Fund is a $150 million venture capital fund investing in hardware and software to enable mobile internet, mobile applications and mobile computing infrastructure. The firm brings capital, resources and domain enterprise to companies through its collaboration with Research in Motion. The fund is co-managed by JLA Ventures and RBC Venture Partners.