Beijing-based venture firm Kaiwu Capital is targeting $150m for its maiden fund more than a year after it was founded.
The Cayman Islands-based vehicle lists managing partner Shuhua Zhou, pictured, and partner Karen Liu as directors in a filing with the US Securities and Exchange Commission.
Shuhua previously led 11 investments across the TMT, cleantech and consumer sectors while general partner at Northern Light Venture Capital, while Liu was responsible for investing in six healthcare and life science related companies as a managing director at CRCI Capital.
The firm has previously invested in businesses including Chinese social network Kaixin001, digital publishing company ChineseAll and online game publisher LineKong.
Kaiwu focuses its investments in the cleantech, healthcare and TMT sectors.
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