ISSUE – Nov. 19 | China’s Future Capital Raises $187 Million Fund to Expand Firm’s Tech Investments

China’s Future Capital Discovery Fund said Wednesday it closed its fourth and largest fund, raising $187 million from global investors entirely from virtual roadshows amid deepening consolidation in the country’s venture-capital industry. The USD Fund IV received commitments from several university endowments, including those in the U.S., as well as family offices, fund of funds, and high-net-worth individuals, according to the company. Founded in 2014, Future Capital focuses on early-stage investments. [ WSJ ]

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