TechFlow news — According to official updates, on July 25, BAI Capital announced the successful closing of its first fund at $700 million. Formerly known as Bertelsmann Asia Investments, this marks the fund's independence and its first external fundraising round, which exceeded targets and attracted investment from numerous renowned international institutional investors including sovereign wealth funds, large insurance companies, internet giants, and top-tier fund-of-funds (FoFs). The European media conglomerate Bertelsmann Group has also maintained continuous support for 15 consecutive years.
Dragon Wu, Founding & Managing Partner of BAI Capital, established Bertelsmann Asia Investments in 2008. To date, the firm has invested in over 200 internet and technology companies, achieving nearly 20 IPOs and nurturing more than 40 unicorns.
