The Sistema-sponsored venture firm is considering expanding from a $120m first fund to raising between $150m and $175m for its second vehicle.
Sistema Asia Capital, the venture capital firm sponsored by diversified Russia-based conglomerate Sistema, is looking to raise $150m to $175m for its next Sistema Asia Fund, the Economic Times reported today.
The firm was formed in 2015 and launched its first fund the same year. It eventually closed at $120m with contributions from external limited partners, a model Sistema Asia Capital plans to follow for the new vehicle.
Sistema Asia Fund concentrates on investments in enterprise technology developers and online…
