Sina Science and Technology News On the morning of July 25, it was reported that BAI Capital announced that it had recently completed the first $700 million fund raising. This is the first time that the original Bertelsmann Asia Investment Fund has raised funds independently. It is invested by international institutional investors such as sovereign wealth funds, large insurance companies, Internet giants and first tier master funds (FoF). The European media giant Bertelsmann Group has continued to support it for 15 consecutive years.
BAI Capital's first US dollar fund will focus on the international expansion of China's industry, give play to the overlapping advantages of technology, talent and supply chain, and promote the progress of Chinese enterprises and entrepreneurs facing the global market in retail consumption, financial technology, content and media innovation, Web3 and meta universe exploration.
Long Yu, founder and managing partner of BAI Capital, said: "We sincerely thank investors for their strong support for our BAI Capital First Dollar Fund, which is a recognition of the investment strategy and achievements of the BAI team in the past 15 years. We will further give play to our industrial advantages, insights into operation and management and professional investment capabilities to capture more investment opportunities with excess returns. We will continue to work hard on early and mid stage entrepreneurial projects, create a diversified and risk balanced investment management portfolio, accompany excellent entrepreneurs, and continue to contribute to investors' solid and excellent returns across the cycle. "
