Shanghai-based private equity firm Lightspeed China Partners (LCP) has finalized the final close of its family fund IV at $560 million.
The secured capital commitments consist of Lightspeed China Partners IV at $360 million and Lightspeed China Partners Select I at $200 million.
The latest round raises LCP’s committed capital under management to $1.5 billion.
The new fund IV will focus on early-stage technology companies in China and LCP Select I will make growth investments in China.