China-focused GSR Ventures is giving LPs the chance to tap into its top-performing portfolio companies through its latest $133m fund.
The Opportunities IV vehicle has been designed for limited partners from the firm’s four funds interested in later-stage financings of its most successful investments.
GSR co-founder and managing director Richard Lim said, “Historically, eight-to-ten billion-dollar technology companies are created in China annually, and we believe that a number of them in the next few years will be in the GSR portfolio.
“With this fund, where we just made our second investment, we are affording our existing investors the additional opportunity to participate in the growth of our portfolio companies as they mature.
“We know some investors want this exposure, and so we are offering this unique investment vehicle.”
GSR invests primarily in internet, wireless, green and semiconductor companies and has more than 50 businesses in its portfolio.
The firm has amassed more than $1bn of assets under management and has offices in Beijing, Silicon Valley and Hong Kong.
Last month GSR and Oak Investment Partners joined existing angel investors in a $30m financing for LED lighting solutions company SunSun Lighting.
The firm said it would use the capital to expand its manufacturing capacity, sales and marketing and R&D departments.
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