Vision Plus Capital Partners raises $500m

The Hangzhou, China-based venture capital firm closes two funds with support from investors based in China and abroad.

Vision Plus Capital Partners has announced the final close of two funds at $500 million. Its RMB-Denominated Fund II and USD-Denominated Fund II collected $250 million each from institutional investors based in China and abroad, including sovereign wealth funds, funds of funds, US public institutions and family offices. The venture capital vehicles will pursue the firm’s target industries: consumer internet, digital healthcare, advanced computing and related technologies, products and services.