SummitView Capital Launches New $1.7 Billion Fund With Shanghai Government to Support Semiconductor Market in China
SAN FRANCISCO, CA — (Marketwired) — 11/25/14 — SummitView Capital announced the opening of a new ¥ 10 billion RMB ($1.7 billion USD) private equity fund and a strategic collaboration with the Shanghai government in cooperation with the China National Fund. The signing ceremony took place on November 24th and was chaired by Shanghai–s vice mayor, Mr. Ai Baojun, and the vice secretary of the Shanghai government, Mr. Dai Haibo.The fund enables SummitView to acquire global semiconductor des