VantagePoint Venture Partners has announced the initial closing of a fund aimed at the cleantech and financial services sectors of China‘s Bohai Rim region. The Tianjin VantagePoint Hi-Tech China FIVCE Fund, targeting commitments totaling US$100 million, will be managed in conjunction with the Tianjin Hi-Tech Holding Group and Tianjin Binhai Development Investment Holding and will focus on investment opportunities in the city of Tianjin and surrounding areas.
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