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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.

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Dr Tan says the "Vickers plus" strategy has helped the firm achieve a success rate of two-thirds - that is, one-third of its deals fails. Another third generates a return of two times. The last third is the "home run pool", where the average return is an astounding 16 times.

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...

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