Goldman Sachs Gao Hua Securities chairman Fang Fenglei will manage a $2 billion fund in partnership with Singapore’s sovereign wealth fund, in addition to the Chinese state-backed $677 million domestic fund he was revealed to be involved with earlier this week.
The University of North Carolina spin-out has already committed nearly 80 percent of its second, annual vintage fund of funds.
The US middle market firm recently closed its fourth special situations fund; its strategy has an emphasis on companies with ‘renewable business models’.
The US investment bank will use its own capital, in the form of subordinated debt, to back show business-related investments as well as digital media start-ups.
The US-based independent placement agent is eschewing orthodox moves into Hong Kong or Singapore in the hope of stealing a march on its competitors.
The veteran VC firm’s Dallas partners will soon raise the firm’s 10th fund, while its California partners will ‘pursue other investing paths’, according to a letter sent to investors.
The veteran VC firm’s Dallas partners will soon raise the firm’s 10th fund, while its California partners will ‘pursue other investing paths’, according to a letter sent to investors.
The veteran VC firm’s Dallas partners will soon raise the firm’s 10th fund, while its California partners will ‘pursue other investing paths’, according to a letter sent to investors.
The Gores Group-spin out has closed its second fund after less than three months in the market.
The Boston buyout firm has reached a final close on its sixth fund – the first to have no involvement with the firm’s namesake founder.