PROJECT

Projects

Summary of Investment Information

Project Number

37675

Company Name

SBCVC FUND V, LP

Date SPI Disclosed

Dec 4, 2015

Country

China

Region

East Asia and the Pacific

Projected Board Date

Jan 8, 2016

Environmental Category

FI-2 - Limited

Status

Active

Last Updated Date

Feb 21, 2024

Department

Equity Portfolio Management

Industry

Funds

Previous Events

Approved : Jan 8, 2016
Signed : Jan 15, 2016
Invested : Feb 12, 2016

Sector

Growth Equity Fund

Project Description

 The proposed project is an investment in SBCVC Fund V, L.P., a Cayman limited partnership (“SBCVC V” or the “Fund”), which will invest in equity and equity-linked instruments of fast-growing mid-market technology companies in China. SBCVC V is the successor to SB China Holding Pte. Ltd. (“Fund I”), a US$100 million 2000 vintage fund, and SBCVC Fund II, L.P. (“Fund II”), a US$151.6 million 2006 vintage fund, and SBCVC Fund II-Annex L.P. (“Fund II Annex”), a US$43 million 2006 vintage co-investment vehicle for Fund II, and SBCVC Fund III, L.P. (“Fund III”), a US$320.4 million 2008 vintage fund, and SBCVC Fund IV, L.P. (“Fund IV”), a US$386.7 million 2011 vintage fund.                                                  

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation