DCM Secures $25M For Its China Turbo Fund

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The San Francisco Employees’ Retirement System (SFERS) has committed US$25 million to a China venture fund being raised by DCM, according to media reports.

On September 8, DCM filed with the U.S. Securities and Exchange Commission to raise a total of US$170 million for the DCM Ventures China Turbo Fund L.P.

The $25 million commitment comes after DCM closed its China-focused venture fund named DCM Ventures China Fund (DCM VII), L.P. at US$300 million in March.

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