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Long Hill Capital Management Reaches Final Close for Debut Fund with US$125M in Commitments (Asia)

China-focused venture capital firm Long Hill Capital Management has reached a final close for Long Hill Capital Venture Partners 1 with US$125 million in capital commitments. The fund will focus on early-stage investments in technology-enabled health care and consumer services companies in China. Investors in the fund include global venture capital firm New Enterprise Associates, development finance institution International Finance Corporation and Asian private equity fund of funds Asia Alternatives Management.