Kleiner Perkins Caufield & Byers, China (KPCB China)

Managing partner Forrest Zhong is considering setting up his own fund while partner Michael Li has joined Tsing Capital to do cleantech investment.

Joe Zhou, founder and managing partner of Beijing-based Keytone Ventures, talks to PEI Asia about the close of the firm’s first fund and the specifics of early growth investment in China.

PEI Asia asked some of the region’s leading private equity LPs to name their pick of the Asia Pacific region’s “first-time” funds. The results are the eight names listed on pages 16 and 17. While some of the people may be familiar, having already made their mark elsewhere in Asian private equity, the firms they run now are probably not – yet. They have had the toughest of challenges thrown at them, in the form of the economic downturn, but the expectation is that these eight firms will go on to establish themselves firmly in the bedrock of the Asian private equity industry. Reporting by Jenny Blinch, Siddharth Poddar and Yvette Choo

The debut fund from the China-focused private equity firm will invest in the technology, clean-tech, media and consumer sectors.

Ian Goh has left the Silicon Valley firm's China affiliate, which was established in 2007. He was one of the team's first executives, joining alongside three former TDF Capital colleagues including Joe Zhou. Zhou resigned last year, reportedly to launch his own firm.

Top US venture firm Kleiner Perkins Caufield & Byers has entered China with a $360 million fund and a seasoned team of local investment professionals.

Top US venture firm Kleiner Perkins Caufield & Byers has entered China with a $360 million fund and a seasoned team of local investment professionals.