Shanghai – January 16, 2019 – Cooley advised Lightspeed China Partners on the closing of its fourth family of venture capital funds, with total commitments of $560 million, including Lightspeed China Partners IV at $360 million and Lightspeed China Partners Select I at $200 million. Partner Jordan Silber led the Cooley team advising LCP.
The fund family, which is the largest raised by LCP to date, brings LCP’s committed capital under management to $1.5 billion. Both funds will focus on investments in China – LCP IV will make investments in early stage technology companies while LCP Select I will focus on early growth investments.
LCP is a leading investor in consumer internet, internet+ and enterprise and deep tech. With strong backgrounds in company operations and entrepreneurship, the partners of LCP are committed to helping a new generation of Chinese entrepreneurs become industry leaders, build world-class companies and create social impact.
The firm offers international value-added capabilities through its relationship with Lightspeed Venture Partners, a global VC firm managing over $6 billion of committed capital.
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