Several Silicon Valley-based venture capital firms are reaching out to their investors to raise China-focused funds rather than invest from their existing global pools of capital, VentureWire has learned.
Firms like Lightspeed Venture Partners, DCM and others are raising these new funds in part to take advantage of the opportunities in China and in part to retain and recruit talent by improving the compensation for teams working in China, according to multiple sources with knowledge of the fund-raising process.
Some limited partners and venture capitalists with knowledge of the firms’ fund-raising plans said that both Lightspeed Venture Partners and DCM were seeking between $150 million and $200 million for their new funds.
Meanwhile, one limited partner said that Redpoint Ventures was raising $250 million to $300 million and merging its China operation with a local firm led by an ex-partner from Kleiner Perkins Caufield & Byers.
To read the full, original article click on this link: Fearing Talent Loss, US Firms Raise Separate China Funds - Venture Capital Dispatch - WSJ
Author:
Jonathan Shieber
