GGV Capital closes Fourth Fund at $625 million

21 August, 2012 Menlo Park (Claifornia) and Shanghai

GGV Capital, a top venture capital firm focused on the US and China, today announced that it has raised $625 million for its fourth venture capital fund. The fund is comprised of US$520 million and RMB 650 million (the Chinese currency equivalent of approximately US$105 million). GGV’s Fund IV exceeds the size of the firm’s $610 million Fund III, which was raised in 2007. Total capital under management is now more than $1.6 billion.

Catalyst closes Third Fund at $213 million

14 August, 2012 New York

The firm had to ‘re-invent’ its LP base after many of its existing financial institution LPs skipped out on the third offering because of regulatory restrictions. Private Equity International – Private equity fundraising is a tough prospect in today’s environment, so try having to re-invent most of your limited partner base.

Asia Alternatives announces fund closings of over US$1.5 billion

8 August, 2012 Hong Kong, Beijing, Shanghai and San Francisco

Asia Alternatives, one of the largest independent Asian private equity fund-of-funds, today announced the final close of over US$1.5 billion in new commitments across several fund vehicles (the “Funds”). The largest of the Funds is Asia Alternatives Capital Partners III, LP (“AACP III”), which closed above its target of US$800 million, at US$908 million of[…]