The $250m fund will reportedly be managed by Fidelity Growth Partners Asia (formerly known as Fidelity Asia Ventures).
US-based mutual fund manager Fidelity Worldwide Investments’ Asian corporate venturing unit is reportedly preparing to launch its biggest China venture capital fund next year worth at least $250m.
News provider Reuters said the fund would be managed by Fidelity Growth Partners Asia (formerly known as Fidelity Asia Ventures) and invest about half of the capital in healthcare firms and the remainder in consumer and information technology.
Fidelity Growth Partners Asia has invested in Asia for more than 15 years and…
