The LVMH-owned corporate venturing fund is set to push its Asian spending to $1bn when it raises its second fund this year, with much of the investment going towards China.
L Capital Asia, the Asia-situated corporate venturing unit belonging to consumer goods conglomerate LVMH, is looking to raise a larger fund this year, according to comments made by L Capital Asia’s managing director Ravi Thakran to news agency Reuters.
Thakran did not enter into specifics as far as the fund’s size is concerned, but mentioned that he expected L Capital Asia to invest up to $1bn in total – L Capital Asia is currently investing from a $635m fund which…
