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Qiming Closes $120 Million US Healthcare Fund; Two General China Funds with $1.2 Billion

06:06 EDT 17 Apr 2018 | ChinaBio Today

Qiming Venture Partners closed three new funds with total commitments of $1.4 billion, bringing its total assets under management to $4 billion. One of the funds, the Qiming U.S. Healthcare Fund I ($120 million), will invest in early-stage US healthcare businesses. It will be based in Seattle. The other two funds, with a total of nearly $1.3 billion, are general purpose funds: one dollar based and the other denominated in RMB. These general funds will invest in China and US companies in the internet and consumer, healthcare, information technology and cleantech sectors. More details....

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