Fund II is a US$350 million dollar venture capital fund targeting investments in technology, media and telecommunications, and consumer-related companies in China.
The investors include institutional investors from the United States, Europe and Asia, including government funds, endowments and non-profit foundations.
NLVC said Fund II would continue to focus on primarily early stage opportunities in businesses that either target China market opportunities or leverage global opportunities from a China base.
NLVC's portfolio companies include Chinese fabless semiconductor companies -- Actions Semiconductor and Spreadtrum Communications -- who have gone public on NASDAQ. They also include private companies such as; Redbaby, a leading multi-channel retailer for middle-class households, LianLian, the leading mobile and micro payment services company in China, and Hanting Hotels, China's first mid-scale limited service hotel chain.
"There are exciting market opportunities in China and Northern Light Venture Capital is proud to play a role in supporting entrepreneurs build globally recognized enterprises from within China," said Feng Deng, Founding Managing Director of NLVC.
NLVC said that its special limited partners Greylock Partners and New Enterprise Associates, two of the leading venture capital firms in the United States, would continue to provide strategic advisory support to the firm during Fund II as well as evaluate opportunities to co-invest directly into portfolio companies.
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