US endowments back $352m China-focused fund

Oct 23, 2019 • Callum Cyrus

Duke, Pittsburgh and Carnegie Mellon have put up funding for a China-facing consumer tech fund launched by two former managing partners of Qiming Venture Partners.

Endowments for Duke University, University of Pittsburgh and Carnegie Mellon University are among the limited partners for the $352m debut fund of venture capital firm Ince Capital Partners, China Money Network reported today.
Other limited partners include insurance firm CV Starr and healthcare provider Mayo Clinic, as well as charitable trust Dietrich Foundation, asset management firm Commonfund, fund-of-funds manager Unicorn Capital Partners, fund manager Axiom Asia Private Capital and investment firm Siguler Guff.
The oversubscribed fund had a…

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