The LP View: State funds step in to back local hard tech as global investors reassess Chinese exposure

The LP View: State funds step in to back local hard tech as global investors reassess Chinese exposure

FILE PHOTO: Semiconductor chips are seen on a circuit board of a computer in this illustration picture taken February 25, 2022. REUTERS/Florence Lo/Illustration

Limited partners (LPs) funded by China’s national and regional governments, as well as state-owned enterprises (SOEs), are making higher capital allocations to fund managers backing the country’s rising tech stars.

Edited by: Pramod Mathew