VantagePoint Venture Partners Launches $100M VC Fund in Tianjin, China

VantagePoint Venture Partners, a Silicon Valley-based venture capital firm, has launched and held the initial closing of a US$100m (RMB680m) fund aimed at the CleanTech and Financial Services sectors in China’s Bohai Rim region.
The Tianjin VantagePoint Hi-tech China FIVCE Fund will be managed in conjunction with Tianjin Hi-Tech Holding Group and Tianjin Binhai Development Investment Holding Co., and will focus on investment opportunities in the CleanTech and Financial Services sectors in the city of Tianjin and the surrounding regions.
With a substantial portion of the authorized capital already committed, VantagePoint intends to begin deploying the fund immediately.

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