Unicorn Capital Partners Closes Fund II with Capital Commitments of $250 Million
June 28th, 2018 – Unicorn Capital Partners (“Unicorn”), a venture capital fund-of-funds manager focused on China and other key technology markets in Asia, announced today the closing of Unicorn Partners Fund II, L.P. (the “Fund” or “Fund II”). The Fund closed at its hard cap of $250 million and was significantly oversubscribed. In line with its two predecessor funds, the Fund will partner with best-of-breed leading and emerging venture capital managers who invest in the areas of technology, media and entertainment (“TME”), and healthcare throughout China.
Unicorn received strong support from its existing investor base while also adding a number of new investors including leading endowments, foundations, sovereign wealth funds, family offices, and successful technology entrepreneurs.
“We are pleased to announce the final closing of our third fund at a level that was significantly oversubscribed and would like to thank our investors for their support,” said Tommy Yip, Founding Partner of Unicorn. “We believe there are increasing opportunities in China for outsized returns powered by a large and growing new economy, an established technology ecosystem, and a maturing venture environment with a large and more experienced supply of entrepreneurs, stable capital markets for venture funding, and a variety of exit options.”
“We are not here to provide exposure but generate superior returns for our investors by building a highly selective portfolio with only the top 5% venture capital managers in China.” said Kah-Fai Low, Founding Partner of Unicorn. “We are the venture expert in China with extensive venture capital fund investment experience. Venture is the only thing that we do.”
The Unicorn founders, Tommy Yip and Kah-Fai Low, have 35 years of combined venture capital fund investment experience as well as research experience through technology boom-and-bust cycles and generational changes in China Venture Capital.
The team was aided in the fundraise by Monument Group, one of the industry’s leading placement agents. “Monument Group was very pleased to work with Unicorn Capital Partners on their highly successful fundraise,” said Bob Mast, Managing Director of Monument Group. “The process was a testament to Unicorn’s strong relationships within the Chinese venture capital community, their successful investment track record and their long experience in providing value to their investors.”
Monument Group served as the exclusive placement agent for the Fund.
About Unicorn Capital Partners
Founded in 2015, Unicorn Capital Partners (“Unicorn” or the “Firm”) is a leading fund-of-funds manager primarily focused on China Venture Capital opportunities. Unicorn partners exclusively with best-of-breed leading and emerging venture capital managers who invest in the areas of technology, media and entertainment (“TME”), and healthcare in China’s New Economy. With its excellent network and resources in the venture ecosystem in China, Unicorn is uniquely positioned to access top-tier managers and identify up-and-comers. The Firm aims to deliver superior returns to investors and build a long-term venture capital platform by leveraging its 35 years of venture capital and private equity experience in China and Asia, including experience in fund investment, fund management, direct investment, and research.
About Monument Group
Monument Group is a leading, independent private fund placement agent managed by a senior team with significant buy‐side investment heritage. Since its inception in 1994, Monument Group has assisted a range of general partners around the world to raise over 85 funds, totaling more than $95 billion of equity. These clients represent a broad variety of investment strategies including buyouts, debt, distressed, energy and natural resources, growth, infrastructure and real estate. Monument Group has offices in Boston, London, Hong Kong and Tokyo. For more information, visit www.monumentgroup.com.
Monument Group, Inc., is a member of the Financial Industry Regulatory Authority (FINRA); Monument Group Europe LLP is authorized and regulated by the Financial Conduct Authority; Monument Group, L.P. is licensed as a Type II Financial Instruments Dealer in Japan; Monument Group (HK) Limited is licensed to conduct Type 1 regulated activities in Hong Kong.
