Its latest technology investment will boost the Chinese insurance group's auto insurance business. But, the VC fund head tells AsianInvestor, further gains are expected.
There is a feeling in some quarters that, in light of the huge demand for tech startups, successful venture managers are asking for too much in return for access to their funds.
Technology investing via venture capital has rapidly gained appeal among asset owners, but sovereign wealth funds, in particular, are focusing more on direct investments in this area.
Venture financing in Asia appears to have slowed sharply since a record 2018. But activity behind the scenes suggests this is simply a blip as early-stage tech investment gains traction.
The US pension plan has $3.5 billion allocated to early-stage fund firms and is adding to that. The head of the programme, Kirk Sims, explains how it assesses budding general partners.
Setting up a new asset manager is hard; the failure rate is high. In the first in a series on capital-raising challenges, three seasoned investors outline their approach to startups.