Industry Newsroom

MSA Capital Reaches First Close of USD197 Million for Second Fund

China-focused venture capital fund manager MSA Capital (formerly known as Magic Stone Alternative Investment) has reached a first close for MSA China Fund II with USD197 million in capital commitments. The fund received commitments from 13 investors and is targeting a final close of USD250 million in total commitments. MSA Capital invests in new technology areas including artificial intelligence, genomics, mobility, and software-as-a-service.