The vehicle, which has already secured $470m in commitments, will aim to help commercialise British research and help companies expand into China.
UK-based innovation platform Future Planet Capital signed a memorandum of understanding with venture capital vehicle Eight Great Technologies Fund (8GT) on Thursday for an initiative that will invest in British spinouts and companies.
The fund has secured initial commitments for RMB3bn ($470m). Limited partners include Shenzhen Qian Hai Sunflower Financial Services, a subsidiary of financial services firm China Construction Bank, and Jian Xin Tian Ran Investment Management, a subsidiary of the Sichuan provincial government.
The agreement, signed during UK prime…
