KTB targets $200m for third China VC fund
The Korean venture capital firm aims to final-close at the end of this year, as it taps foreign investors for the first time for what would be its biggest fundraise.
KTB Network, a Seoul-based venture capital manager, is targeting international investors for the first time as it seeks $200 million for its third China strategy by the end of 2016. It would be the firm’s biggest fund and take its assets under management past $500 million.
Having started capital raising in June, KTB is already well over its minimum target of W100 billion ($90 million), said Sean Lee, Shanghai-based senior adviser at the firm. It will back 15% of the total raised w…
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