Upsizing Qiming

With the close of its largest ever VC fund, Qiming Venture Partners expects to make larger investments and invest in more Chinese life sciences companies than it has in previous funds.

On Feb. 1, Qiming closed its fifth U.S. dollar fund at $648 million, a 30% increase over the $500 million Fund IV that closed in 2014. The close brings Qiming's assets under management to $2.5 billion, including the U.S. dollar funds and three renminbi funds raised since 2006. ...