Unicorn Capital Partners, an Asian venture capital fund-of-funds manager, has raised $450 million for its fourth fund. Unicorn Partners Fund IV’s limited partners include leading endowments and foundations, family offices, pension funds and asset managers in the U.S., Europe, Asia and Latin America. The fund will invest in technology and healthcare in China.
HONG KONG, June 2, 2021 – Unicorn Capital Partners (“Unicorn”), a leading Asian venture capital fund-of-funds manager, today announced the firm has completed fundraising for Unicorn Partners Fund IV, L.P. (“Fund IV”). The oversubscribed fund closed in six months at its hard cap of US$450 million of commitments. Similar to its predecessor funds, Fund IV will focus on fund and direct investment opportunities in technology and healthcare in China.
The investor base for Fund IV, which closed on June 1, 2021, includes both new and existing investors and is comprised of leading endowments and foundations, family offices, pension funds, and asset managers in the U.S., Europe, Asia and Latin America.
“We are very pleased to announce the final closing of Fund IV and are deeply grateful to the investors, whose support of Unicorn and confidence in our strategy allowed us to raise the fund in less than six months while in the midst of a global pandemic,” said Tommy Yip, Managing Partner, Unicorn Capital Partners. “With this additional capital, we will continue our efforts to generate outperformance for investors through seeking out and backing top emerging managers ahead of the curve.”
Monument Group, one of the industry’s leading placement agents, served as the exclusive placement agent for Fund IV. In addition to this fund, Monument Group advised Unicorn on its two prior funds, Unicorn Capital Partners Fund III, L.P. in 2019 (US$350 million), and Unicorn Capital Partners Fund II, L.P. in 2017 (US$250 million).
“With Unicorn’s well-earned reputation as one of China’s leading venture capital fund of funds, we found significant investor interest in the firm’s strategy dedicated to emerging managers in the technology and healthcare sectors,” said Robert Mast, a Partner at Monument Group. “It was truly a privilege to utilize our global network of investor relationships, to assist with this fundraising effort. We wish Tommy, Kai-Fah and the entire Unicorn team much continued success.”
About Unicorn Capital Partners
Founded in 2015, Unicorn Capital Partners (“Unicorn” or the “Firm”) is a leading fund-of-funds manager primarily focused on China Venture Capital opportunities. Unicorn partners exclusively with best-of-breed leading and emerging venture capital managers who invest in the areas of technology, media and entertainment (“TME”), and healthcare in China’s New Economy. With its excellent network and resources in the venture ecosystem in China, Unicorn is uniquely positioned to access top-tier managers and identify up-and-comers. The Firm aims to deliver superior returns to investors and build a long-term venture capital platform by leveraging its 35 years of venture capital and private equity experience in China and Asia, including experience in fund investment, fund management, direct investment, and research. For more information on Unicorn Capital Partners, visit www.unicorn-partners.com.
About Monument Group
Monument Group is a leading, independent private placement agent managed by a senior team with significant buy-side investment heritage. Since its inception in 1994, Monument Group has assisted a range of general partners around the world to raise 115 funds, totaling more than US$118 billion of equity. These clients represent a broad variety of investment strategies including buyouts, debt, distressed, growth, infrastructure, real estate, energy and natural resources. Monument Group also has a strategic alliance with boutique secondaries advisor Mozaic Capital. For more information on Monument Group’s primary and secondary capabilities, visit www.monumentgroup.com.