NIO Capital, a Chinese investment firm focused on decarbonisation and digitalisation, has held the successful final closing of NIO Capital’s flagship fund, Eve ONE Fund II at approximately USD400 million.
The fund was oversubscribed and quickly surpassed its original target fund size and hard cap. Notably, this Fund has nearly doubled the capital commitments of its predecessor fund, NIO Capital Eve ONE Fund LP, which held its final closing in 2019. With its comprehensive platform of strategies, NIO Capital supports emerging founders and innovative technologies across the company life cycle.
Despite various fundraising limitations and challenges arising from the Covid-19 pandemic, the Fund enjoyed strong support from a diversified group of existing and new institutional investors. These investors hold a high conviction around NIO Capital’s target sectors and robust market opportunity set.
Read more: Private Equity Wire
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