China-based venture capital firm Qiming Venture Partners closed a $935m fund on Monday with limited partners (LPs) including Princeton University, Massachusetts Institute of Technology and Duke University.

The Qiming Venture USD Fund VI (Qiming VI)’s investors also include medical practice and research group Mayo Clinic, as well as superannuation fund NGS Super, Commonfund, Hall Capital Partners and Dietrich Foundation.

The vehicle was announced alongside two other funds: the Chinese yuan-denominated Qiming Venture RMB Fund V (Qiming RMB V), which has…