Cooley LLP advised Gaorong Capital on the deal.
Gaorong Capital announced the oversubscribed closing of its fifth flagship US dollar fund at $1.15 billion, bringing the firm’s assets under management to about $4 billion.
Limited partners in Gaorong Fund V include sovereign wealth funds, endowments and foundations, funds-of-funds and family offices, with additional commitments from corporates and tech company founders. As one of China’s most active venture capital firms, Gaorong has developed deep domain expertise and insight into the new consumption and technology sectors. Gaorong will continue to focus on early- and growth-stage opportunities in areas such as new consumption, new technology, enterprise services and healthtech.
Gaorong Capital operates as a venture capital company. The Company invests in technology, communication, and other fields. Gaorong Capital offers services in China and Hong Kong.
The Cooley team was led by Jordan Silber (Picture), Xun Zeng and Jingyi Xu and also included Qi Wang, Sheryl Dai and Susanna Song.
Law Firms: Cooley LLP;
Clients: Gaorong Capital;