附近上门

Around lunchtime on Monday, filed with the SEC indicating the firm鈥檚 intent to raise $1.88 billion across a number of new funds. If it is successful in raising the proposed amounts, this would be the largest pool of capital the cross-border venture capital firm鈥攚hich has offices in Silicon Valley, Shanghai, and Beijing鈥攈as closed to date.

Follow 附近上门 News on

A number of funds are listed in the filing:

• GGV Capital VII LP
• GGV Capital VII-A LP
• GGV Capital VII Plus LP
• GGV Capital VII-A Plus LP
• GGV Discovery II LP
• GGV Discovery II-A LP
• GGV Capital VII Entrepreneurs Fund LP

The filing also lists the limited liability companies that manage each cluster of funds. All entities are domiciled in the Cayman Islands. At this time, no capital has been raised for any of the investment vehicles.

附近上门 News called the office of GGV Capital. We spoke with someone who said she was not able to comment about the filing and could not say why. She declined to answer follow-up questions not directly related to this filing. The conversation was cordial, but brief.

GGV Capital鈥檚 recent investments include participation in China-based peer-to-peer education platform 鈥檚 , leading New York-based HR data management platform 鈥檚 , and even participating in 鈥檚 to venture investors. GGV Capital has also invested in the likes of , , and , , before they exited.

This being said, we have some context clues to run off of. These new funds follow a similar naming pattern to the $1.2 billion fundraise GGV announced back in April 2016. At the time, that GGV Capital has its main fund, 鈥渢o back its most promising companies as they mature,鈥� 鈥渢hat will focus largely on seed-stage opportunities in China,鈥� and 鈥渢hat consists largely of company founders as LPs and that will invest pro rata across the funds.鈥�

Here鈥檚 how the $1.2 billion raised for its 2016 vintage of funds was distributed:

• $675 million (or 56.25 percent) was allocated to its sixth main fund
• $225 million (or 18.75 percent) was allocated to its late-stage focused Plus fund
• $250 million (or 20.83 percent) went toward the seed-focused Discovery fund
• $50 million (4.16 percent) was raised for the Entrepreneurs fund

At this time, it鈥檚 unclear how GGV Capital plans to divvy up the $1.88 billion sum it鈥檚 slated to raise. It wouldn鈥檛 be surprising, though, to see proportionately more capital allocated to the later-stage Plus fund. Considering the record tear of late-stage deal-making worldwide, Chinese startups鈥� tit-for-tat raises of supergiant VC rounds, and Chinese startups鈥� expanded position in the fundraising landscape, all trends point to growing late-stage funds. Of course, that鈥檚 something we鈥檒l have to wait and see about later as new information is disclosed.

滨濒濒耻蝉迟谤补迟颈辞苍:听