The ROC is raising $1.4 billion to set up two new funds

Absrtact: Beijing Time October 28 news, according to foreign media reports, the TDF (Kleiner) last week launched a scale of 250 million U.S. dollar Social Network investment fund Sfund, attracted the attention of all parties, but this is only the venture capital company ambitious tip of the iceberg.

Beijing Time October 28 news, according to foreign media reports, the TDF (Kleiner) last week launched a scale of 250 million U.S. dollar Social Network investment fund Sfund, attracted attention, but this is only the venture capital company ambitious tip of the iceberg.

Fortune Magazine learned that the ROC is raising 1.4 billion U.S. dollars to set up two new funds, one of which will be responsible for providing most of the money for Sfund. The following details are provided by the partners of the Fund:

14 fund: This is the company's 14th "ordinary" fund, aiming to raise 650 million U.S. dollars. About half will be investing in it, with the rest in green technology and life sciences. The IT investment component will be used to inject $200 million into Sfund, sfund the remaining 50 million dollars will be provided by "strategic partners" Amazon and Facebook.

The company aims to raise 750 million dollars, although it is unclear about its specific investment strategy. But from the name point of view, should be concerned about the late IT investment.

So, to be clear, a 250 million dollar sfund actually doesn't exist. Kay Peng has been to some Silicon Valley partners for help, and will soon do so in New York. No difficulties are expected, despite the overall slump in fundraising by venture capital firms.

It is also worth mentioning that the emergence of these two funds appears to indicate that the focus of the venture has been somewhat diverted back to it investment. This is not to say that it has abandoned the technology sector, but only means that more than 80% of new financing is spent on technology, making green technology and life sciences seem less important than the introduction of green growth and pandemic funds.

In this connection, the efforts of the partners and spokesmen to contact the Kai Peng Hua Ying to seek comment have not been successful.