GenBridge targets $600m

The Beijing-based firm has launched its second venture capital fund.

Fund name: GenBridge Capital Fund II
Target size: $600 million
Launch date: December 2020

GenBridge Capital has launched GenBridge Capital Fund II with a $600 million target size, according to a Form D filed by the firm. Capital raised by the vehicle will be used to invest in consumer goods companies throughout China.

Fund II’s predecessor, GenBridge Capital Fund I, held a final closing in December 2017 at its $500 million hard-cap. The firm’s debut fund received commitments from several institutional investors, including a $25 million commitment from International Finance Corporation.