Unicorn Capital Partners (Unicorn), an Asian venture capital fund-of-funds manager, has completed fundraising for Unicorn Partners Fund IV, (Fund IV), which was oversubscribed and closed at its hard cap of USD450 million. 

Similar to its predecessor funds, Fund IV will focus on fund and direct investment opportunities in technology and healthcare in China.

The investor base for Fund IV, which closed on 1 June, 2021, includes both new and existing investors and is comprised of leading endowments and foundations, family offices, pension funds, and asset managers in the US, Europe, Asia and Latin America.

“We are very pleased to announce the final closing of Fund IV and are deeply grateful to the investors, whose support of Unicorn and confidence in our strategy allowed us to raise the fund in less than six months while in the midst of a global pandemic,” says Tommy Yip, Managing Partner, Unicorn Capital Partners. “With this additional capital, we will continue our efforts to generate outperformance for investors through seeking out and backing top emerging managers ahead of the curve.”

Read more/Source: Private Equity Wire