Monolith Management, a young investment company led by ex-partners of Boyu Capital and HongShan (previously known as Sequoia Capital China) has recently reached the final close of its oversubscribed debut US dollar fund.
As one of the very few China-originated venture capital (VC) funds that still managed to raise in US dollar amid China-US geopolitical uncertainties, Monolith reportedly closed its maiden USD fund at $264 million, according to an AVCJ report on Thursday, citing two sources close to the situation.