Unicorn Capital Partners raises $353.5m

The Hong Kong-based venture capital FoFs manager closed its third flagship fund.

Fund name: Unicorn Partners Fund III

Amount raised: $353.5m

Target size: $300m

Stage of fundraising: Final Close

Final close date: December 2019

Time on the road: 8 months

Predecessor fund:  Unicorn Partners Fund II ($250m)

Unicorn Capital Partners has reached a final close on its third China-focused fund, Unicorn Partners Fund III, with $353.5 million in committed capital. The fund was targeting $300 million.