Citic Capital Venture Partners (CCVP), the fund sponsored by the venture business of Citic Capital (co-owned by China Investment Corporation, China’s sovereign wealth fund, and Chinese conglomerate Citic Group), has closed its latest fund at $113m, short of its original $150m target.

Subsequent to the first closing, further investors to join as limited partners include Vertex Asia Growth, a wholly-owned subsidiary of Singapore’s sovereign wealth fund Temasek, and Singapore venture capital fund Enspire Capital.

Jeffrey Zeng, Citic Capital’s senior managing…

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