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Vickers Venture raises US$230m for its largest VC fund yet

Fund V targets 3 markets - China, South-east Asia and India, and US.

VICKERS Venture Partners has raised US$230 million for its fifth fund, more money than it has raised in four other funds since its founding in 2005.

"I'm very pleased with that," says Finian Tan, the firm's chairman who made his name as the first investor in Chinese search engine Baidu in 2000.

"We tell investors to judge us on our track record. It's hard to predict the performance of any fund, but we've been pretty consistent over the life of Vickers Venture."

The firm, which invests in early stage companies, has an enviable track record. Over the years it raised some US$363 million in four funds and co-investments. Portfolio investments in some 42 companies have a market value of roughly US$2.1...

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