INCE Capital raises $351.9m

The Hong Kong-based investment firm closes its debut fund at its hard cap.

INCE Capital has closed INCE Capital Partners at $351.9 million, surpassing its $250 million target. The fund will invest in TMT startups in China focusing on internet, consumer and intelligent technology sectors.

Limited partners include University of Pittsburgh, Mayo Clinic, Unicorn Capital and Siguler Guff.