Beyond The Comfort Zone: RMB GPs and US Dollar Funds

This article was originally published on AVCJ on June 4, 2014 written by Winnie Liu.

An increasing number of Chinese GPs that made their names in the renminbi space are looking to raise US-dollar funds. It requires a level of institutionalization that most have never seen before

After three years and about 12 renminbi-denominated funds, JD Capital – formerly known as Jiuding Capital – raised its first US dollar fund in 2010. The firm, having surprised many with its aggressive domestic pre-IPO strategy, received commitments totaling $120 million. LPs included a string of fund-of-funds, plus Temasek Holdings-owned Vertex Ventures, German insurer Allianz and the BMW Foundation.

To read the full article, please visit the original article at AVCJ.com.