C Ventures rebrands, hits first close on new fund
C Ventures, a VC firm set up by Adrian Cheng, scion of Hong Kong’s New World Development, has rebranded as C Capital – reflecting steps to diversify into a multi-strategy asset manager – and reached a first close on its latest fund.
The firm was founded in 2017, with its first fund acting essentially as a family office for Cheng. A second vehicle closed in 2019, attracting some third-party capital. Fund III has a target of USD 300m...
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